IREL ORGANISATION STUDY Report

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Report of Organisation Study done at INDIAN RARE EARTHS LTD,KOLLAM,2014

Transcript of IREL ORGANISATION STUDY Report

  • Organisation Study on IREL Chavara 1

    DC School of Management and Technology | Trivandrum

    Summer Internship Program OnOrganization Study of

    INDIAN RARE EARTHS LIMITED,

    CHAVARA

    Submitted by:

    VISHNU K R (Reg. no. 13460042)

    Under the Guidance of

  • Organisation Study on IREL Chavara 2

    DC School of Management and Technology | Trivandrum

    Certificate (of the Institution)

    This is to certify that the report entitled An organisation study on Indian

    Rare Earth Ltd submitted here is a bonafide record of the work done by

    VISHNU K R under the guidance and this work has not been submitted by him for the

    award of any other degree, diploma or title of recognition earlier.

    DC School of Management and Technology (sd)

    Date:..

    (Seal)

  • Organisation Study on IREL Chavara 3

    DC School of Management and Technology | Trivandrum

    Certificate ( of the Organisation)

    This is to certify that VISHNU K R,2nd

    semester MBA student of DC School of

    Management and Technology has done a project work on organisation study in our

    organization under the supervision of Mr Chandrasekhar, Sr. Manager, safety and

    Environment Department during the period from 21 April 2014 to He has

    successfully completed the work.

    (Seal)

    (sd)

    Place and Date

  • Organisation Study on IREL Chavara 4

    DC School of Management and Technology | Trivandrum

    DECLARATION

    We, VISHNU K R, 2nd

    semester MBA student of DC School of Management and

    Technology, do hereby declare that this organization study titled An Organization

    Study on INDIAN RARE EARTHS LIMITED, CHAVARA under the guidance of

    Mr RAJENDRAN is the result of original work during the organization study time. We

    have not submitted the same for the award of any degree, diploma. All the data both

    primary and secondary are true to the best of my knowledge

    .

    VISHNU K R

    Place: Kollam

    Date:

  • Organisation Study on IREL Chavara 5

    DC School of Management and Technology | Trivandrum

    ACKNOWLEDGEMENT

    First of all we wish to express my deep gratitude and thanks to God who helped us in

    completing the organisation study successfully.

    We shall remain grateful to Dr. P.S Mohana Kumar for his amble guidance and

    encouragement for completing the organization study. We are also extremely grateful

    to faculty member for their valuable suggestions and 2advice regarding this work.

    We are more obliged to Dr. VeeranKuttyDirector, Dc School of Management and

    Technology for given helpful suggestions and valuable guidance

    It is our pleasure to express a deep sense of grateful to Mr jayapalan(Deputy

    generalmanager),Mr Chandrasekhar, Sr. Manager( safety and Environment &

    QMS Department),Mr Satyabhusan Samanta, Sr.Manager(Finance) without their

    untiring efforts and tremendous background information this work would not have

    materialized. We express our sincere thanks to all the staff of IREL, Chavara for their

    co-operation during my study in the company.

    Last but not least we thank to all the staff members of the DC School of Management

    and Technology for the encouragement rendered for the completion of the research

    work and also we extend our gratitude to all staff and workers in IREL, Chavara for

    their support in our organization study.

  • Organisation Study on IREL Chavara 6

    DC School of Management and Technology | Trivandrum

    LIST OF CONTENTS

    Subject Page

    Number

    Chapter 1 Introduction 9-12

    Chapter 2 Industry profile 13-19

    Chapter 3 Company Profile 20-24

    Chapter 4 Product Profile 25-27

    Chapter 5 Customer profile 28-30

    Chapter 6 Functional areas of IREL 31-75

    Chapter 7 Swot Analysis 76-78

    Chapter 8 Porters Five Force Analysis 79-81

    Chapter 9 PEST Analysis 82-84

    Chapter 10 Findings, Recommendations, Conclusion 85-87

  • Organisation Study on IREL Chavara 7

    DC School of Management and Technology | Trivandrum

    LIST OF TABLES & CHARTS

    Table No Subject Page no.

    2.1 World production reserves 16

    2.2 Resources of Monazite in India 17

    2.3 Potential RE markets 19

    4.1 Product profile 26

    4.2 Uses of the product 27

    6.1 Manpower strength 34

    6.2 Contract workers 34

    6.3 Pay scale for Workers and officers 37

    6.4 Production capacity of chavara plant 48

    Balance sheet 89

    Statement of profit and loss account 90

  • Organisation Study on IREL Chavara 8

    DC School of Management and Technology | Trivandrum

    LIST OF FIGURES

    Fig no. subject Page no

    1.1 Corporate structure 11

    6.1 Department structure -HRM 32

    6.2 Department structure -Mining 45

    6.3 Department structure -Production 46

    6.4 Production process 50

    6.5 Department structure Quality control 52

    6.6 Department structure Stores and Despatch 54

    6.7 Department structure Internal Audit 57

    6.8 Department structure R&D 58

    6.9 Department structure Project& maintenance 59

    6.10 Department structure Finance 64

    6.11 Department structure Medical 67

    6.12 Department structure Security 69

    6.13 Department structure Safety& Environment 70

    6.14 Department structure -Civil 75

  • Organisation Study on IREL Chavara 9

    DC School of Management and Technology | Trivandrum

    CHAPTER 1 INTRODUCTION

  • Organisation Study on IREL Chavara 10

    DC School of Management and Technology | Trivandrum

    INTRODUTION

    Each and every organisation has its own importance in the economic wealth of the

    nation. Different organisation meets different needs of people by offering different

    products and services. Due to globalisation the world has changed into a global village.

    In this fast and changing business scenario, it is imperative for every entrepreneur to

    have a vivid understanding of the functional application of the new age business. As a

    part of the academic curriculum each student has to undertake an organisational study

    to get practical exposure. This study is conducted at Indian Rare Earths Limited,

    Chavara.

    IREL Chavara is located 10 km north of Kerala and 85 km from Trivandrum, capital of

    Kerala and 135 by road from Cochin is perhaps blessed with the best mineral sand

    deposit of the country. The plant operates on a mining area containing as high as 40%

    heavy minerals and extending over a length of 22 kms in the belt of Neendakara and

    Kayamkulam.

    The deposit is quite rich with respect to Ilmenite, Rutile and Zircon and the mineral

    Ilmenite happens to be of weathered variety analysing 60% Titanium Dioxide (TiO2).

    The present annual production capacity of Chavara unit engaged in dry as well as wet

    (dredging / Up gradation) mining and mineral separation stands at 2,00,000 tonsof

    Ilmenite, 1,14,500tons of Rutile, 11,750 tons of Zircons and 10,000 tons of Sillimanite.

    In addition to that, the plant has facilities for annual production of ground Zircon called

    Zirflour and Microzir of the order of 6,000 tones and 300 tonsrespectively.

    IREL Chavara is one of the oldest and leading public sector undertakings under the

    Department of Atomic Energy (DAE). It is an ISO 14001: 2000; OHSAS 18000

    certified company supplies beach sand minerals to the foreign and domestic market. It

    caters the requirements of developed countries like U.S.A, U.K, Germany,

    Australia, Japan etc. The major mineral products of IREL are Ilmenite, Rutile,

    Sillimanite and Zirflour.

  • Organisation Study on IREL Chavara 11

    DC School of Management and Technology | Trivandrum

    CORPORATE STRUCTURE

    Fig:1.1

    RESEARCH DESIGN A research design is a plan of the proposed research work. The research designs simply

    a specific presentation of the various steps in the process of research. Design means

    adopting that type or technique which is most suited for the research and study of the

    problem. It is a plan, structure and strategy of investigation conceived so as to obtain

    answers to research questions and to control variance.

    OBJECTIVE OF THE STUDY

    The main objective of the study is to familiarize with the organisational functions in the

    organisation, there are many other minor objectives also. They are the following:-

    To understand about how an organisations system is performing.

    To know about various departments and their functions in an organisation.

    To study the managerial activities performed in an organisation.

    To know how an organisation coordinates its activities.

    To get a practical exposure as the future manager.

    OSCOM Plant

    Orissa

    Corporate & Registered

    Office at Mumbai

    Rare Earths Division

    Udyogamandal

    Mineral Division

    Manavalakurichi

    Mineral Division

    Chavara

  • Organisation Study on IREL Chavara 12

    DC School of Management and Technology | Trivandrum

    SCOPE OF THE STUDY

    The scope of the study is to know about the organisation, its structure, the functions

    performed by various departments and to know the overall performance of the

    organisation. The study will help the management students to get a practical exposure.