INDUSTRIAL TRAINING

REPORT
[01/06/2015 – 28/06/2015]

Dept. of
Mech. Engineering.

0
 13VTI170046
/42.
Vaish
Technical Institute, RTK.

1
 INDEX

Sno. Contents
Page No.

1. Introduction to LPS.
2
2. Exports.
10
3. Products.
12
4. Customers.
15
5. Plant layout.
17
6. Introduction to Machines.
20
7. Heat Treatment.
26

2
 8. Packaging.
33
9. Maintenance Dept.
34
10. Schemes
36

INRODUCTION

 PREFACE

As an integral part of 3 Year Diploma course, a student has to undergo a four

weeks of the real construction world. Fulfilling this course curriculum, the
Training was under taken at LAKSHMI PRECISION SCREWS LIMITED
(LPS),

3
The project work has been undertaken to analyze the industry in India in the
liberalized economy with particular reference to LPS.

The following report will drive the reader an insight in to the inter plant
manufacturing system based on standard production. The comparative analyze
will enable to analyze trend of performance and present the picture of
operation of LPS in pre – liberalization.

The report present a frame work (in liberalized environment) for the trend of
production performance of the company, the change in the performance, the
various factors leading to these changes, the expenditure on raw material,
operating cost, production etc.

4
  About the Company

Lakshmi Precision Screws Ltd. (Hereinafter referred as “The Company”) is a

high tensile manufacturing unit which was established in the year 1972. The
Company is a pioneer in providing fastening technology globally having Joint
Ventures, License Agreements, and Alliances with different fastening
companies globally. It is also catering the needs of various sectors such as
Wind Energy, Oil & Gas, Locomotives, Automobiles, Agriculture
Equipment’s (Tractors), Machine Building and different Industrial and its sub-
con items. The endeavour of the Company is to provide high level customer
satisfaction.

However, collectively all the four units of this Company are spread over an
area of 1, 00,000 square meters and have a total production capacity of 25,000
metric tons (MT) per annum. The Company expects that its production
capacity will be rising 10% every year. The company’s manufacturing units
and warehouses were built keeping in view the close proximity of its
Ancillaries, Raw Material providers and National Highways.

The Company looks upon while upholding the needs of its clients for
providing most favourable blend of quality and cost effectiveness. The core
competency of this Group lies in its ability to resource quality material and
manufacture complete custom design solution. The Global vision and
providing fastener solutions for more than three decades has now made The
Company one of the Global Leaders for manufacturing high tensile precision
fasteners and cold forged components.

The Company is one of the largest exporters of fasteners in India. Whereas

35% of the total sales is contributed from the products exported to a range of
countries such as The United States of America (USA), Australia, Canada,
Denmark, Dubai, France, Germany, Hong-Kong, Indonesia, Japan, Malaysia,

5
Singapore, South Africa, Switzerland, Sweden etc. The Company is a partner
of the Global Fastener Alliance (GFA).

 HISTORY

Laxmi Precision Screws limited was started back in 1958 and is a creation
of Seth/BC Jain under the name of navbharat industries as a small industry.
The plant was initially set op for indigenous manufacture of nuts & bolts of
come limited sizes. It was one of the few industries producing nuts and bolts.

Growth in decade:-

1. In 1960 the company turned into a limited and Seth. B.C. Jain was
proposed as the chairman of the company. After turned into limited the
company raised its products and variety in products and achieves the
turnover around 14crores.
2. IN 70`s & 80`s
In 70`s under the name navbharat industries it adopted new developed
techniques and equipments and updated its products technology to
confirm that adopted by leading producers of nuts and bolts. After the
death of Seth B.C. Jain his elder son Seth R.K. Jain took the charge of
the company as Chairman and renamed the company a LAKSHMI

6
 PRECISION SCREWS LTD. As L.P.S. the company becomes the market
leader in screws and nuts and bolts. Lakshmi Precision Screws Ltd.
L.P.S. Company which is famous in all over world was started in rohtak. Its
owners were lived in rohtak in starting and as the knowing persons are
telling that they were owners of a bicycle shop. They were started there
company with a very small place and having three or four machines. now a
day’s L.P.S. Company having their plants in all our India.

7
  ORGANIZATIONAL STRUCTURE

Sh. Lalit Jain Chairman & Marketing Director

Sh. R. K. Jain Managing Director (export)

Sh. D.K. Jain Managing Director (finance)

Sh. Anil Sahu General Personal Manager

Sh. Pardeep Dhawan General Manager Plant

Sh. Rajiv Gupta Engineering

Sh. Ramniwas Singh Deputy Manager Tool Room.

8
9
  LOCATION OF PLANT

The company is situated on hisar road in Rohtak District of (Haryana). L.P.S

Plant 1, 2 ltd. is nearly about 5 km. from bus stand and 3 km. from railway

station. The company was located at one of the best location in Rohtak in the

direction of progress of the company. Location of the company is good

enough to provide the all required facilities to the company. The company has

got excellent manufacturing facilities and conditions manufacturing plant

extending over a space of about 25-30 Acres.

 Description of symbol
10
Every logo present or describe its meaning for what purpose it
was manufactured. Logo of any company is basically to
describe the feeling & motivation of that company. This logo
basically is the identification of that company. The company is
identified by its logo. That`s why logo is very important for a
company.
The hexagon is a symbol of precision. The people related to
L.P.S. are represented by view of hexagon nut. In the symbol
the circle represent the co-process understanding, dedicating
towards the workers duties like in quality circle. L.P.S. is the
name itself (Lakshmi Precision Screw) in self-explanatory.
Logo of any company is presenting its presence in market.

11
 COMPANY PROFILE

Business Type Exporter , Manufacturer

Capital in Dollars US $44 million
Export Percentage 43%
Primary ISO 9002 certification, QS-9000:1998 certification, ISO/TS
Competitive 16949:1999 certification, ISO 14001 certification, Volvo Global
Advantages Supplier certification, in-depth experienced caterer at reasonable
prices.

Year of 1972
Establishment
OEM Service No
Provided
Product High Tensile, All En-Cap, Bolts, Nuts, Screws, Auto Wheel Bolts,
Manufacturing Allen Key.

12
 EXPORTS
The main products including sockets head cap screws, socket
counter sunk screw, socket set screws and other fasteners have
been supplied to Poland, U.S.A., West Germany, England,
Taiwan, Malaysia and many other countries. Now it is also
supplying dowel pins and cotters to the other countries in bulk.
Exercises its monopoly over its products market. In 80s it
started importing some of the best equipments and m/cs,
available in the world and started exporting its products at large
scale. It started supplying their product to the best companies in
the India is there fields.
Now lakshmi precision screws have latest equipment and
machines. Like bolt maker (30h.p.) chunzu 90,110,150
pieces/min. (Taiwan), threading machines Hartford (U.S.A.)
national bolt maker (CHF-120) 250 pc`s/min. (Taiwan) thread
rolling with vibratory feeding (Taiwan) (Chunzu), progressive
our former 200 pc`s/min. lathe NCN national, H.M.T kiloskar
and heat treatment m/c in collaboration with west Germany etc.

13
, L.P.S. also exports its products works (30 crores to the carious
countries in Asia and Europe such as England, U.S.A., plant,
Malaysia etc. its products are used by reputed companies or
automobile fields like Yamaha, Hero Honda, Escorts Tractors
ltd.
Maruti Udyog ltd. Auto Bajaj etc. which dominates their
market. LPS today ranks among the best industrial giants in
Asia producing screws nuts and bolts, LPS phenomenal growth
and success steam form the fact that all its products geared to
meet the needs of the people.
L.P.S. company is considered as the Asia`s No. 1 company
manufacturing nuts and bolts. Its one plant (plant 1, Rohtak)
will manufacture nuts and bolts in crores.

14
 PRODUCTS

L.P.S. ltd. is to be considered in the NO.1 companies in Asia in

manufacturing the nut & bolts. There are some pictures given below
of models of nuts and bolts which are manufacturing in different
plants of L.P.S.
L.P.S. ltd. is really considered in list of that companies which
are trying to making some effort in development of our country,
directly or in directly.
Following are the products which are manufacturing in L.P.S.
--->

Special Automotive Fasteners Special Automotive Fasteners Hex Nuts

LRS-01 LRS-02 LRS-03

15
 Hex Head Bolts Socket Set Screws Socket Counter Sunk Head Cap
Screw
LRS-04 LRS-05
LRS-06

Socket Button Head Cap Screw Socket Low Head Cap Screw Socket Head Cap Screw
LRS-07 LRS-08 LRS-09

Durlock Bolts Wheel Hub- Bolt Axles

LRS-10 LRS-11 LRS-12

Higher Torque Transfer

LRS-15

Connecting Rod Bolt Stud

LRS-13 LRS-14

16
 CUSTOMERS

L.P.S. providing their products, mainly nuts & bolts to many

companies. Mainly these companies and products of LPS are
related with each other mechanically.
Following are some famous companies which are dealing with
LPS.

Name of Companies Logos/ Symbols

 L&T 

 MUL 

 HMSI 

 TATA 

 M&M 

 EICHER 

17
 TVS 

 ESCORTS 

 BAJAJ 

 KINETIC 

18
 PLANT LAYOUT

Plant layout of any company is important because it is one of that

factors which increases the profits and decreases the inputs of the
company. Good or bad arrangement of a company decided that
company goes towards profits or not.
Taking small area of land and making it more useful is the one of the
forward steps towards success.
The layout may be designed to reduce increasing production costs
that gradually evolve from piecemeal expansion or to introduce an
entire new process. Re-layout strikes for the maximizing production
flow and labour effectiveness.

 PLANT INTERNAL LAYOUT OF L.P.S.

According to the plant layout we know that there is a Security room, Reception room,
Electrical control room, Office, Sampling room, Storage room, Workshop ,Generator
room, Raw material room and other room like Canteen also. The small description is
given below:

SECURITY GUARD ROOM:-

It is a small room, which is present on the main door, where a man sits who is known as
security guard. As anyone comes, he makes contact to office and asks to permit. If he
allow then open the gate and allow the guest to enter. The guard checks everyone before
entering the industry and before leaving the industry.

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ELECTRIC ROOM:-

In this room electric supply is maintained and controlled .there are many electricians are
so that they can maintain the supply to the industry. If the supply s not complete the
machine can’t work. Every machine has to work for full hours.

RECEPTION ROOM:-

This is a very important place in the industry because all the people entering in the
industry directly contact on the reception counter. All customers can call to the reception
to know about the timing and dealing.

OFFICE:-

It is a place where al the official work is done such as maintaining accounts etc. There is
a waiting room also and a separate room for manager and Director. The office is fully
A.C. and the staffs members are behave very well to me.

RAW MATERIAL ROOM:-

It is basically a godawn where different types of raw materials are stored. All the raw
material is quickly send to the required machine by small tractors. So there is no problem
to labour on a machine regularly.

STORAGE ROOM:-

Storage room is that room where all complete products are store for send them to their
working places. Store room is dry from water and other different types of corrosion
conditions. Products are very safe from any bad conditions.

DISTRIBUTOR ROOM:-

The LPS is a famous company in Haryana. It distributes the materials for making the jobs
in small workshops in the city. Different Workshops do different work such as drilling,
turning, packing etc. So before giving the material for making the jobs note and it is done
in that room.

20
FABRICATION YARD:-

It is a big hall where many machines are installed. The latest technology machines are
also present such as CNC machine etc. there are different workshops for different works
like drilling, turning, threading, shaping, cold forging etc. there be many workers who
worked continuously for many hours. A supervisor is appointed who controls all the work
done in the workshop. In the workshop there are many ventilators and fans.

GENRATOR ROOM:-

It is a room where generators are installed, these generator are heavy power generator,
which used when there is a power cut ff o r any disturbances by the electricity.
If there is not sufficient electricity to run machine then it will not give it complete there is
loss of time and economy.

CANTEEN:-

It is a room where the staff member’s or workers get refreshments such as tea, coffee and
lunch etc. Outside of industry many Dhaba are present where also workers do lunch, tea
etc.

INTRODUCTION OF MACHINES

21
L.P.S. is manufacturing nuts and bolts and other products using different types of
operations by different machines. That`s why it is important to know the introduction of
machines (parts, purpose of machines) before knowing manufacturing procedure.

MACHNES USED IN L.P.S. PLANT 1:-

Machines are the main parts of a company. To construct a company we need
to provide all important need to the company and machines are the one of
main needs of a company. Actually machines and other needs are relative to
each other, they cannot work without each other.

The following machines are used in L.P.S. plant 1, rohtak to manufacture

nuts & bolts and other products.

 Header Machine
 Trimming Machine
 Bolt maker
 Flat Rolling
 Round rolling
 CNC machine
 Traub Machine.

22
 Forging stages of a Hex Head Screw

Punch side /
Ram side
(Moving)

Die side /
Bed side
(Stationary)

Trimming Extrusion Heading Coning Cutof

SOME OF THE MACHINES USED IN COLD HEADING.

(1) Progressive Bolt Former (Chun Zu) Taiwan

(2) Progressive Bolt Former (30hp, 90,110,150) National

(3) Progressive Former (200 max pcs/ min.) National

(4) Progressive Nut Former (HP cutter +5 quill +4 piercing dies)

(5) Progressive Nut Former (CNF 120, 250 pcs/min)

23
24
 THREADS AND THREAD CUTTING

The subject of threads and threading is of the prime importance to

an engineer, because nearly every piece of equipment will have some
form of screw thread or other in it. Most of the machine parts are held
together, adjusted or moved by threads of many sizes and kinds.
Threads are commonly used for the following purposes:

(1) as fasteners

(2) to transmit power or motion

(3) for adjustment

SOME OF THE MACHINE USED IN THREAD MAKING

(1) Threading machine Hartford hopper feeding u.s.a.

(2) Threading machine chun zu vibratory feeding Taiwan

(3) Threading machine national vibratory feeding japan

And other machines from main companies of India e.g. H.M.T. Kirloskar,
praga ltd. with automatic or manual feeding .

25
 MILLING

When threads are cut by milling, the thread is formed by a revolving milling
Cutter shaped to conform to the sharp to thread desired. Either single or multiple
Cutters may be used. In the case of single cutter, all the cutting edges lie in one plane.
The multiple cutters consist of several annular rows of cutting teeth. A hob may be
Used for cutting threads, in which case the teeth lie along a helix. The disadvantage
Of the hob type cutter is that is must revolve with a fixed relation to the work; this is
not true of the cutter with annular teeth.

Milled threads may be external or internal. The only in station being the size
of hole in which a cutter may be inserted. The threads cut b this method are more
accurate than those cut by a die but not so accurate as those cut with grinding
wheel.

Some of the milling machines used in milling operation in tool room is:

(1) Milling m/c vertical f 1-v BFW

(2) Milling m/c vertical m2-v HMT

(3) Milling m/c horizontal f1-h BRW

(4) Milling m/c horizontal m2-h HMT

(5) Milling m/c horizontal m2ph HMT

26
 GRINDING

Internal or External threads can be finish ground by means or a single or

multiple edge-grinding wheels. The threads are cut as grinding wheel (having
angular thread grooves formed around its periphery) and work rotate. A
vitrified bond is generally used with a fine grit of about 60, the process is
carried on a special grinding machine having a master led screw and gears and
means of holding the work. The wheel rotates at 30 m/sec. and work is rotated
slowly. In the case of hardened stock probably grinding is the only means of
forming threads. The accuracy of grinding exceeds that of any other method
and finish is exceeded only by good thread rolling pitch diameter can be
ground to an accuracy of +0.002 mm per 2.5 cm and accuracy of lead may be
maintained within 0.007mm in 50 cm of thread length, grinding eliminates
tiny cracks due to hardening and also tearing is always present to some extent
in any material removal method.

Some of the grinding machine uses in grinding

operation in tool room are:-

1. Universal Tool & Cutter 3A-6A Stanlso Import

Grinder 0200*500

2. Off-hand pedestal double wheel Net 12” grinder 0300

3. Surface grinding m/c 200*600 SFW 200 WMW

4. Internal Grinder FORT VNA

5. Cylindrical Grinder G13-11 HMT

27
 HEAT TREATMENT

Heat treatment is an important operation in the manufacturing process of

machine parts and tools. It may be defined as an operation of heating and
cooling of metals in the solid state to induce certain desired properties into
them Heat treatment can after the mechanical properties of steel by
changing the size and shape of the grains of which it is composed, or by
changing its micro constituents. It is generally employed for the following
purpose

1) To Improve Machinability
2) To Change or refine grain size.
3) To relieve the stresses of the metal induced during cold or hot
working.
4) To improve mechanical properties. E.g. tensile strength,
hardness, ductility, shock resistance to corrosion etc.
5) To improve magnetic and electrical properties.
6) To increase resistance to wear, heat and corrosions.
7) To produce a hard surface of ductile interior.
The most commonly used operations of heat treatment are:

1) Annealing
2) Normalizing
3) Hardening
4) Tempering
5) Carburizing (case hardening
6) Cyaniding
7) Nitriding
8) Induction Hardening
9) Flame Hardening

28
 1. ANNEALING

It is one of the widely used operations is heat treatment of iron and steel and
is defined as the softening process in which iron base alloys are heated
above the transformation range in the furnace itself . Alternatively, the steel
may by transferred into pearlite (final cooling can be done instill air). The
success of annealing depends upon controlling the formation of austenite,
and the subsequent transformation of the austenite at high sub critical temp.
various types of any annealing treatments are:-

a) Process Annealing
b) Patenting
c) Full Annealing
d) Sphereoidising
e) Isothermal Hardening

NORMALIZING

According to American society of material testing, it is defined as

the process in which iron base alloys ate heated 40 to 50 degree C
above the upper transformation range and held there for a specified
period ( to ensure that a fully austenite structure is produced) and
followed by cooling in still air at room temperature.

The Heating or hypo-eutectoid steel is done above the upper

critical temp/ the normalized steel consists of ferrite and pearlite
for hypo-eutectoid, and pearlite and cementite for hypo-eutectoid
steel. Normalizing operation of steel is carried out to improve the
machining characteristics, define grain size and homogenize
microstructure modify and refine cost dendritic structure and
provide desired properties.

29
 HARDENING

According to A.S.M.T. it is defined as the heat-treatment process in

which steel is heated to 200C above the transformation range,
soaking at this temperature for a considerable period to ensure
through penetration of the temperature inside the components,
followed by continuous cooling to room temperature by quenching
in water, oil or brine solution the rate of cooling is controlled by
quenching medium.

The mediums are:-

 Solution of salt or caustic soda.

 High flash point/clean water from grease of soap.
 Blast by dry air.

QUENCHING

Quenching can be desirable as an operation that provides for the rapid

cooling as steel from as high temperature such as room temperature.

The quenching Media can be classified into five categories:-

a) Brine
b) Water
c) Solution of special compound oils (NAOH& HCL in
water)
d) Air

30
The brine having highest and the air having lowest cooling power.

5. ISOTHERMAL HARDENING
It is conducted similar to broken hardening; the only difference
that in the first operation. The part treated is kept in fused salt until
the AR transformation is completed.

The steel subjected to isothermal hardening as a structure

consisting of acicular true stile. The hardness obtained by this
process is lover the in case of broken hardening process. The fact
that is some ease there is no need to carry out tempering after the
isothermal hardening operation constitutes one important
advantage isothermal hardening.

A new method of hardening, the so-called bright hardening,

is of great practical interest. In this method the metal is heated in
salt baths and subsequently cooled in fused alkalis (NAOH, KOH
& their other mixtures). The surface before treatment is well
cleaned and no oxide formation takes place afterwards. It is used
for bolts and small parts.

6. TEMPERING

According to A.S.M.T. it is defined as the reheat process, reheating being

carried out under sub critical temperature. Such a reheating permitting the
trapped marten site to transform into true stole or sorbet depending on the
tempering temperature and relieve the internal stresses. Toughness and

31
strength. It is an operation used to modify the properties of steel hardened by
quenching for the purpose of increasing its usefulness.

Tempering is divided into three classes according to the usefulness of

steel required:-

a) Low Temperature Tempering (heated nearly 20 degree C)

b) Medium Temperature (heated from 250degree to 550degree)

c) High Temperature Tempering ( steel is heated from 350degree to 550

degree C)

6. AUSTEMPERING
Austempering is a kind of tempering process which holding the
steel in a molten salt bath having temperature pf 250 to 500 C
above the critical temperature when the structure consists purely
of austenite. The part is then quenched at sufficient rate to a
void transformation to ferrite and partite and is held at
quenching temperature for a time sufficient to give complete
transformation to intermediate structures referred as binate. It is
then cooled to room temperature.

7. MARTEMPERING
It is type of tempering process in which iron and its base alloy are
above the transformation range and then suddenly quenched in
molten salt bath at temperature of 180 to 300 degree C. The piece
is held at that temperature until the core and outside temperature
are equalized the part is then removed and cooled at moderate.

32
 8. SPHEROIDINISING
When harden steel is tempered at a temperature just
below lower critical over al line, the cementite converts to small
spheroids surrounded by ferrite when heated at this temperature
for about 16 to 70 hours. The process can be accelerated by the
alternative heating and cooling slightly above and below line.

CASE HARDENING

This process is used to produce a high surface hardness for wear

resistance supported by a tough shock-resisting core it is the
process of carbonization such that saturating the surface layer of
steel with carbon to about 0.9% or some other process by which
case is hardened and core remains soft. The carbonized steel is
then heated and quenched, so that only the surface layers will
respond, and the core remaining soft and though since, its
carbon content is low.

Various processes of case hardening are:

a) Carburization

b) Nitriding

c) Cyaniding

d) Induction Hardening

e) Flame Hardening

33
MATERIAL USED TO MANUFACTURE
SCREWS AND BOLTS

1) COPPER- SILICON ALLOYS

2) COPPER-ZINC ALLOYS (61.5%CU, 35.5%ZN,3%LEAD)

3) IS :1679-1960 mild steel wire suitable for manufacture of machine

screws by cold heading process.

4) Wrought Iron

FOR DIES PUNCHES AND TAPS

1) 1.1 to 1.2 carbon content-taps, thread metal dies.
2) 0.60 to 0.70 carbon content- bolt heading dies.
3) 0.60 to 1.20 carbon content- dies, punches and taps.

34
 PACKAGING
In the modern world most of the goods are available in packages. The
packaging protects and preserves the goods and offer convenience in
transport, handling and sales also. The goods in packaging should retain then
original form, shape and properties, the packages should be convenient and
attractive.

A primary package is the one, which comes in contact with the product.
Therefore, the selection of material plays a vital role and it should be
compatible with the product to be packed. The main function of a transport
package is to give the required protection to the packaged commodity
against incidental hazards during transportation handling and storage. The
fundamental factors affecting the design of a packages are:-

 Product characteristics
 Modes of distribution
 Marketing consideration
 The technical considerations which influence the
packages design
 Hazards during transportation, such as shocks, and
vibrations, transmitted to the product during
transportation by rail, road, sea and air.
 Hazards during handling, such as impact due to drop,
compression and puncture.
 Hazards during storage (for e.g. the greater the
tacking height in a warehouse, the more the need for
strong and rigid package to with stand compression)
and; hazards due to climate change.

The packaging should be of best quality can be produced at

competitive price. Various materials used for packaging are
plastics, metal, glass, wood and paper (including corrugated
packaging).

Now mechanical packing times ate employed and folly

automated high speed productions systems are being introduced.
Traditional packaging materials like tin and glass ate being forced

35
 to give way to plastics and paper the whole concept is to give the
consumer the most economical packaging material.

PACKAGING SYSTEM

There are three major in any packaging operation.

1) the package
2) the packaging machinery
3) The operating and maintenance personnel.

MAINTENCE
DEPARTMENT

Basically the reason for operating a maintenance-engineering

group is to attend the day to day problems of keeping the physical
plant machinery, building, services in goods operating condition.

SCOPE

Although in practice the scope of the activities of maintenance

Engg. Dept. is different in each plant or in institution and is
enhanced by plant size and type, company policy and industry-
wide and sectional precedent, its possible to group these activities

36
into the two general classification-primary function , secondary
function that are assigned to the dept. for the reasons of
expediency, know how as precedent.

PRIMARY FUCTION

1) Maintenance of existing plant equipment.

2) Maintenance of existing plant building and groups.
3) Equipments inspections and distribution.
4) Utilization generation and distribution.
5) Alternation to existing equipment and building.
6) New installations of equipment and the buildings.

SECONDARY FUNCTION

1) Store Keeping
2) Plant Protection
3) Waste Disposal
4) Salvage
5) Other services just like property accounting pollution
and noise control the maintenance Engg. Dept. seems to
be cure for many other odd activities that no other
single dept. can handle. Although its human increase
the scope of one’s dept., care must be taken not to dilute
the primary responsibilities of the maintenance area to
handle there secondary services.

37
STUDY OF PLANT INCENTIVE AND LAYOUT WELFARE
SCHEMES INCENTIVES SCHEMS

The workers ate encouraged to achieve more production through

a cash incentive scheme. The amount of cash incentive is directly
proportional to increase production and different amounts are
prescribed for each category of workers according to certain slabs
foxed for the increase in number than the minimum fixed for a
day. The rate of monetary incentives, however, changes from time
to time.

LABOUR WELFARE SCHEMES

The following labour welfare schemes are in operation in the

Company

1) WELFARE ITEMS

as per policy of the company, welfare items like shoes, socks,

raincoat leathers jackets, winter uniform, towels, goggles, caps,
glass tumblers and coffee mugs are procured centrally by the
company and are distributed to the workers as per norms fixed for
each items fixed for each items.

2) SPORTS ACTIVITIES.

The company has made adequate arrangement for providing

recreation to the workers by encouraging sports activities among
them. Sports kits and other material is pressured by the company
for distribution among the interested workers. There is

38
arrangement for indoor as well as outdoor games. Competitions
even at the state level ate organized and workers participation is
encouraged and ensured by extending all help, financial and

otherwise. there is regular system of issuing circular for

participation in various games, sports, among the workers.

3) FAIR & FESTIVAL/CULTURAL ACTIVITIES

The company arrangement community celebration of major fairs

and festivals like gurupurab, janmshtmi, ekadshi, diwali and new
year day, etc. in a benefiting manner.

4) TOURS

Trips to different places of educational and recreational interest to

the workers are also arranged by the company from time to time.

5) WELFARE TRUST

A welfare trust known as the L.P.S’s employee welfare limited is

also running for the various welfare activities of the employees.

6) WORKER EDUCATION SCHEME

To provide facilities to the worker and their families in the field of

Education, company runs schools nearby and also provides
transport at subsidized, rates to the children pursuing higher
studies away from the company’s complex.

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Other welfare activities include arranging for blood donation and
family planning camps for the benefits of workers, and providing
facilities for postal life insurance. Death relief fund is also given.

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