Professional Documents
Culture Documents
CHAPTER-1
INDUSTRY PROFILE
INDUSTRY PROFILE
Steel is the most widely used metal in the whole world. It is a versatile commodity
which forms the core constituent of all major economies. As a result, steel consumption is a
derivative of the growth pattern of its various end users sectors, i.e. manufacturing, housing,
infrastructure, automobile etc.
Steel products fall into two main categories, namely flat products and long products.
Flat products are derived from slabs and mainly comprise of hot rolled [HR] coils, plates and
sheets. Long products derive their name from their shape and are made using billets and
blooms, which include rods, bars, pipes, ropes and wires.
There were some signs of evidence of slow down in the global economy in the year
2009 but it continued expanding and sustaining its positive momentum of growth at 5.5
Percent in 2010. The factors that could be attributed for this slow down were markedly
higher oil prices, tightening monetary policy in US/Other countries, step increase in prices of
non-ferrous base metals.
Despite the pressure on the world economic growth due to these factors, the growth
potential in the emerging economies and relatively less dependence on petroleum products
neutralized the impact of these factors, thus still achieving growth rate of 5.5 percent in
2010.
Steel comprises one of the most output of all sections of economy steel industry is
both a basic and core industry. The economy of any nation depends upon a strong base of
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ORGANISATION STUDY
iron and steel production. Past history has shown that countries having strong potentiality
for iron and steel products have played a predominant role in advancement of civilization in
the world.
Steel is such a versatile commodity that every objects we see in our day-
dividing the periods into post and pre independence periods. By 1950 the
total installed capacity for ignorant steel production was 1.5 millions
tones and during the pre independence period the total quantity was not
significant and development in the steel sector mainly due to apathy of
the Government. Only after independence serious steps were taken to
develop this sector the capacity was increased from 2.2 to about 16
million tons by 1990’s.
sector and has made raped strides since then. The new Greenfield plants
represent the latest in technology. Output has increased, the industry has
moved up in the value chain and exports have raised consequent to a
greater integration with the global economy. The new plants have also
brought above a greater regional dispersion easing the domestic supply
position notable in the western region. At the same time, the domestic
steel industry faces new challenges.
Steel has been part of some of the greatest achievements in history nearly
15 years ago steel steel sparked off the industrial revolution, the steel
industry as an important role to play in the development of any any
industrial nation. It is a critical intermediate for the industry, and the
strength of construction.
India is the fifth largest steel producer of iron ore in the world. It is equipped to meet
over 90% of country’s total requirements of steel, with imports restricted preliminary to a
small sophisticated high level additional product.
The steel industry being a core sector; tracks the overall economic growth in the long
term. The growth of the steel industry is dependent on the development of steel consuming
industries like automobiles, consumer durables and infrastructure.
India has a per capital consumption of steel of around 30 kgs as against 180 kgs in china
and an average of 400kgs in the developed countries.
We find that there is a wide gap in relative steel consumption which indicates that india
has a great potential ahead to raise its steel consumption with infrastructure and really
development in the country the past few years has witnessed an increase in steel
consumption and in order to match the steel industries have geared up with capacity
expansions to meet this growing demand.
The Indian steel industry is almost 100 years old now. Till 1990, the steel industry
operated under a regulated environment with insulated markets and large scale capacities
reserved for the public sector. Production and prices were determined and regulated by GOI.
The steel sector was deregulated in 1991-92,when controls on capacity and prices were
abolished along with quantitative trade restrictions. Import tariffs were also brought down
substantially. However ,with the onset of liberalization the Indian steel sector witnessed
entry of several domestic private players and large private investments flowed into the
sectors to add fresh capacities.
( million tones)
RANK NATION 2009 2008 VARIANCE
1 CHINA 542.4 434.6 24.8%
2 US 57.4 98.3 -41.6%
3 INDIA 55.3 51.3 7.7%
4 JAPAN 3.2 77.9 -31.7
5 ROK 45.4 58.6 -22.5
6 GERMANY 28.4 42.4 -33%
7 RUSSIA 24.7 35.4 -30.2%
8 ITALY 18.6 33.1 -43.8
9 BRAZIL 18.5 24 -22.9%
10 TURKEY 18.1 19.9 -9.45
TOP-10 861.9 875.4 -1.5%
WORLD 1121 1202 -6.7%
MAJOR PLAYERS
Steel Authority Of India Limited (SAIL) is the leading steel making company in India. It
is a fully integrated iron and steel maker, producing both basic and special steels for
domestic construction, engineering, power, railway, automotive and defense industries and
for sale in export markets. The Government of India owns about 86percent of SAIL’s equity
and retains voting control of the company. However, SAIL, by virtue of its “Navratna”
status, enjoys significant operational and financial autonomy. Major units of SAIL are as
under:
HOT ROLLED
COLD ROLLED
Mukundh Ltd.
Mahindra Ugine Steel Company Ltd
Tata SSL Ltd.
Usha Ispat Ltd.
Kalyani Steel Ltd.
Electro Steel Castings Ltd.
Sesa Goa Ltd.
Lloyds Steel Industries
JSW
Jindal Strips Ltd.
JISCO
Saw pipes
Uttam Steel Ltd.
The industry classification based on product categories (and the major producers) can be
divided into the following:
Iron Ore- National Mineral Development Corporation [NMDC], Kudremukh Iron Ore Co.
[KIOCL] and Sesa Goa are the major merchant producers of iron ore. SAIL and Tata Steel
have there captive iron ore mines.
Pig Iron- KIOCL, Sesa Goa and Usha Ispat. Apart from them there are many Mini Blast
Furnace [MBF] pig iron producers and even integrated steel plants like SAIL and RINL
produce a significant amount of pig iron. Sponge Iron- Essar Steel, Ispat industries, Vikram
Ispat (a division of Grasim) are the major producers of gas based sponge iron.
Flat Steel Products- SAIL and Tata Steel, Essar Steel, Ispat Industries and Jindal South
West are the major producers of hot rolled coils [HRC].
SAIL, Tata Steel, I spat Industries, Jindal group of companies, Uttam Steel and Bhutan Steel
are the big producers of cold rolled coils/sheets [CRC] and Galvanized sheets.
Long Products- RINL, SAIL and Tata Steel are the major producers of long products.
Integrated Producers- SAIL, RINL, Tata Steel and JSW Steel Ltd are the largest primary
steel producers.
Secondary producers- Essar Steel, I spat Industries and Loyds steel is the largest producers
of steel through the secondary route.
CHAPTER-2
COMPANY PROFILE
COMPANY PROFILE
PLANT PROFILE
Jindal organization is the fastest growing group with enviable business trend record and
the strong market presence in India today. OM PRAKASH JINDAL established Jindal in
1952 with small units making steel. After forty years of its inception, Jindal India is now a
Jindal Organization.
Ranked Fourth amongst the top Indian business houses in terms of sales/profits, Rs.
19,700 crore O.P. Jindal group has developed into a multi faced organization and is one of
the largest steel producers in India with 12 plants in India and 2 in USA. With a head count
of more than 25000 people, the group is the fourth largest in India, after Reliance, Tata and
Birla Group in terms of sales turnover in the private sector.
December 97, in addition of new 30,000 ton per annum capacity stainless steel cold rolling
mil
INDIA’S ONLY INTEGRATED PRIVATE SECTOR GALVANIZED STEEL
PRODUCER
In 1982, a decision was taken to increase the product mix under the Jindal Iron and
Steel Co. Ltd. [JJISCO] a plant acquired at Tarapur [MAHARASTRA] to produce slabs and
addendum to this, a facility was set up at Vasind to manufacture hot roll plants. JISCO has
burgeoned into leading cold roller and a largest producer and exporter of galvanized steel
and high value steel product in the country, JISCO has a production capacity of 4 lakh MnT
in the galvanized products.
At Kosi Kalan [UP], the country’s first and only large diameter UOE Submerged Are
Welded [SAW] steel pipe nit was put up under the O.P.Jindal banner. A 100percent import
substitution product. SAW pipes are made in technical collaboration with UEC, pits burg a
subsidiary of US steel; the world manufacturer of steel.
LOCATION OF JSW
JSW is a green integrated steel plant. It has been located in Bellary – Hospet, high grade
iron ore belt in Karnataka. The project site is at Toranagallu spread approx. 4500 acres of
land. It is located 29 km from Bellary and 33 km from Hospet. It has good rail connection
to major port such as Mangalore, Goa and Chennai; its distance is 644, 419 and 540 kms
respectively and also Mumbai port which is 915 kms away.
The plant site is also well connected through network of state and national air linkage
available through a major airport at Bangalore. Toranagallu has a serene environment and a
placid ambience with some beautiful places sight seeing with in vicinity.
Some of them are:
Donimalai Hill
Tungabhadra Dam
Hampi
Reason for choosing the location:
The region was justifying chosen for the venture because of the availability of rich iron
ore in the region. Other raw materials required for various process from the adjoining areas
like Bijapur and Sandur, availability of water from Tungabhadra Dam. During 1970, three
sites selected in South India for setting up steel plants viz, Vijayanagar and Salem. Mrs.
Indira Gandhi laid foundation stone for Vijayanagar Steel Plant in 1970; public sector gave
up due to paucity of resources.
Four private companies made JV with KSSIDC but with drew as
Power generation became possible due to large volume COREX gas availability
Low water requirement-absence of coke oven etc
Rail connectivity with Goa established in 1995.
VISION:
“TRANSFORM STEEL DOMAIN THROUGH INNOVATIONS”
MISSION:
JSW words, represents their faith, their very beliefs, and their core values.
2.2 OBJECTIVES:
Promoting a team based culture, which encompasses human values and ethics
ENVIRONMENTAL POLICY
Work towards a continuous upgrade in our environment interests by to achieve global
presence with a view towards creating a greener world.
Dr. S. K. GUPTA
Director
h. Mr. J.K Tandon, Director (Project) received the National Metallurgist Award-
2007, at 45th National Metallurgists Day, 2007.
i. Young Metallurgist of the year award was jointly won by Mr. D. Satish Kumar,
Assistant Manager (RandD and SS), and Mr. T. Rajendra, Manager (SMS-1) at 45th
National Metallurgists Day, 2007.
KEY PERSONS
CHAIRMAN
MANAGING DIRECTORS
VP
VP. MKTG. VP. FIN
COMMER,
VP GM GM
GM MKTG. GM FIN. COREX STEEL CCP
GM
COMMER.
GM GM GM MAIN GM
(HRandFIN) (COSTING) TAINANCE (OPERATIONAL)
Packing
Drums/Barrels
Furniture
Galvanised productsApplications
Automobile
Boiler and pressure vessels
Ship building
Railways
Transmission towers
Oil and petrochemicals
Marine containers
Coal and mining
General and heavy Engg
Pre-painted Galvanised products
Application
Roof, wall caddling and other building products
Household appliances
Furniture's
Automotives
Jindal vishwas
Durability
Lightweight
Easy to install
Low maintenance
Environment friendly
Fire protection
CHAPTER-3
FUNCTIONAL AREAS
FUNCTIONAL AREA
To handle and meet the demands of the raw materials required for various
plant the RMHP has proper facilities available.
A centrally controlled raw material handling system process all the raw
materials like coal, pellets iron, ore fines, limestone, dolomite and coke received
either by railway or truck.
FUNCTIONS OF RMHP
• Receive raw materials in adequate quantity.
• Allocate space for raw material stacking.
• Effective bedding and blending of incoming raw materials from different
mines to
get homogeneous mixture
• Timely supply raw material to respective department.
Work flow Model:-
2. PELLETISATION PLANT
The pellets of iron manufactured here for use in COREX. The technology is
from Davy with a normal capacity of 3.0 METERS per annum. The plant is
designed to produce 10,000 tons pellet per day.
Proximity to mines with rich iron ore deposits is yet another competitive
advantage. The company undertakes mining just 20 km away from the plant. In
addition iron ore fined, which have been traditionally dumped a water, can now
be used in pellet plant further reducing the cost of production
PELLET PLANT
2. COREX PLANT
The technology is based usage of iron lumps/pellets and non cooking coal
there by eliminating and coke oven plants. The two most polluting units in any
integrated steel plant. The process thus not only offers competitive advantage but
is also environmental friendly. More than 40percent of coat issued in the process
is available as export gas for production of power, DRI, fertilizer and chemicals.
Major units : Coal Blanding station, Coal Drying Plant, Stock House,
Cast House, COREX Tower,
Water Recirculation System,
Gas Cleaning and Distributing System
Slag Granulation Plant
Features of Corex
BOF shop converts Hot Metal from COREX plant into steel of required grade
and chemicals. Reputed steel plant builder – Mannesmann Demang, Germany,
has supplied machinery for BOF.
Rated capacity: 1.62 million ton/annum Liquid Steel
No. of units: 2
Heat size / capacity: 120 ton
Tap-Tap Time : 45
Major Units : Hot Metal De-sulphurising
Hot Metal Mixer
Basic Oxygen Furnace
Scrap Yard
Ladle Preparation and Handling Bay
Ladle Furnace
Gas Cooling and Cleaning Plant
Water Recirculation System
Features of BOF
Automated container
There are two Blast Furnaces at JSWSL, BF-1 rated capacity 0.9 METERSPA
and BF-2 is 1.3 METERSPA has been commissioned in August 2006.
Process:
In the blast furnace solid charged materials like iron ore coke and lime stone are
charged in the vertical shaft of the furnace at the top and hot air blast is blown
through conveyers which are located at the bottom level. The oxygen form the
pre heated blast combines with the carbon of coke and generates heat and carbon
monoxide. the gas phase containing mainly nitration and carbon monoxide
ascends upwards through the charge which reacts with and extracts heat from the
gas wastes eventually the gas melts and metal and slag thus formed gets stratified
and separated to obtain the metal fundamentally therefore the blast furnace is a
counter current reactor.
Casting Plant is the process of solidifying the liquid steel coming through
BOF shop. The slabs are cased based on the specific parameters such as
thickness, Width and Length. To meet stringent international standards, JSW’s
continuous casting plant is designed by global leaders, Mannesmann Demang
Metallurgy, to produce quality slabs.
The steel slabs are rolled into coils of desired size. The equipment is obtained
from Danielle United, USA.
Oxygen plant manufacturing industrial grade Oxygen, Nitrogen, Argon.
It is a JV with Praxair, Inc. USA and is the world’s largest oxygen manufacturing
plant.
Features of HSM
High pressure De-scaling (180 Bar)
AGC control in 3 finishing stands
Work Roll Bending
Online marking
Thickness Gauge and Width Gauge
Power plant producing thermal power from COREX gas. It is a Joint Venture
with Traceable, Belgium having a capacity of 260 MW (2 x 130)
Rated capacity : 2 x 130 MW
a. The boilers are designed to work with coal or COREX Gas either
individually or in any combination.
QUALITY OF LIFE
People come first in the new business paradigm. The success of an
organization essentially depends upon the effective harnessing and utilization of
this resource. It is imperative for an organization to constantly nurture people
and hone their capabilities foe optimal performance.
WORKING ENVIRONMENT
The working environment acts as the primary motivation for all employees.
Jindal organization has constantly tried to endeavor to achieve and provide an
atmosphere of perpetual growth and shared learning of all their employees. They
have tried to promote to team culture and encourage a serve of innovation and
positive thought.
The company aims to provide safe working conditions at all the Jindal plant
locations. The Safety and health of the employees is amused by maintaining safe
process, carrying out safe practices, providing a safe environment, importing
adequate and proper training, issuing instructions as regards to the area of
operation and including safety awareness among all employees.
DISCIPLINE
The company believes in maintaining a very high level of organizational
discipline by synergizing personal with technological discipline.
WORK CULTURE
EFFECTIVE COMMUNICATION
The administrative office begins at 9:00 am to 6:00 pm. The plants have
timings that are regulated by services conditions prevailing at the locations. The
administrative office is closed on every Sunday.
ATTENDANCE:
Being at work regularly and on time important past of the overall job
performance, prevents employees from coming to work, telephone should be
done to the concerned supervisor at the earliest possible on first day of absence.
For extended illness a doctor’s certificate is asked by the organization.
PAID HOLIDAYS:
Holidays are given to the calendar year system and will be from January to
December. The employees are eligible for 10 paid holidays in a year. The list of
holidays for the forthcoming year is released by the end of December every year.
LEAVE:
An employee is entitled to avail EL only on confirmation and completion of
one year of service. The employee can avail casual leave and sick leave during
training/probationary period.
PROBATION:
Any new recruit who joins the company will be put on a probation period of a
period of 6 months. The probation period is to facilities assessment of the new
entrant’s competence and suitability. The period of probation would be
mentioned in the appointment letter.
On completion of production performance is evaluated and, if it is found
satisfactory, confirmation is granted. However, should the performance be found
unsatisfactory, probation period may be extended on the sole discretion of the
management
DEPUTATION:
Jindal Organization has various group companies under its wing. At any
given point of time, a concerned company may request the services of any
employee of another company for a particular assignment. In such a case the
require employee may be put on deputation for that specific job.
SKILLS:
The term “skills” include those characteristics which most people are to
describe a company’s distinctive competence of an organization are part or the
organization character.
ENHANCEMENT OF SKILLS:
b. Due to the adaptation new technology in the company, the company find,
RECRUITMENT PROCEDURE:
1. Internal Source :- Redeployment
Preference will be given for internal source by tapping the potentials of the
employees processing multiple skills that can be re-deployed. In case of non-
redeployment of the existing employees, external source will be adopted either by
approaching Placement Consultants, Data Bank, and Campus Interviews and
Employee Reference.
RE-DEPLOYMENT
Based on the concept of business plan of 1000 million tons/annum per man
year, the HR department will ensure to maintain the present existing manpower
position of 4500. The 94 positions, which has been surplus, will be re-deployed
to fill up the vacancies of attrition’s in various departments.
PERFORMANCE APPRAISAL
OBJECTIVE
SCOPE
The appraisal form will be sent to the HODs requesting them to evaluate the
performance of the trainees/probationers and give suitable recommendations.
The appraisal form consists of three parts such as –
OBJECTIVE
To bridge the gap between the existing skill and the desired skill there by
improving the knowledge and overall performance
PROCEDURE
INDUCTION PROGRAMME
The new recruits will be given induction program to familiarize about the
company, its products, its services, and the department in which the person is
going to be reported.
Based on the annual training needs identified by the Head of the Department
and also through SWOT analysis, a monthly training plan will be prepared and
circulated to the departments and the nominated employees on the format
prescribed will undergo training programs within the organization and also will
be deputed to external organization/institution in India and abroad.
TYPES OF TRAINING
A. Safety Training
B. Managerial/Behavioral Training
C. Technical Training
D. Multi-skill Training
“DOCUMENT” –
Engineers 25.55percent
Diploma holders 33.85percent
Graduates and post graduates 14.90percent
CA/ICWA 1.55percent
MBA 2.78percent
Others 21.37percent
Engineers
Diploma holders
MBA
Others
The finance function deals with the procurement of money at the time when it
is needed and its effective utilization in the enterprise. Money is the lifeblood to
purchase of any enterprise, as it is required to purchase machines and materials to
pay wages and salaries to employees and to allow credit facilities to customers.
Since financing is one of the functional area of any business enterprise, the
objective of financial management must be in done with the over all objectives of
the enterprise. The objectives of the finance department should be so devised
they contribute directly towards the achievement of the overall organizational
objectives.
FINANCIAL PLANNING
Forecasting the firm’s revenues and expenses and need for fund based on
its investment and dividend policies. Financial planning prepared the
performance of profit and loss account, balance sheet and fund flow statement.
Financial forecasting is the basis for financial planning. Forecasts are merely
estimates based on the past data. Historical performance may not occur in the
future. Planning means what a company would like to happen in the future, and
includes necessary means what a company would like to
happen in the future, and includes necessary action plans for realizing the
predetermining intentions.
Determining the firm’s investment needs and choices, given its growth
objective and overall strategy.
Forecasting the firm’s revenues and expenses and need for funds based on its
investment and dividend policies.
Analyzing the consequences of its financial plans for the long-term health and
survival of firm
INTRODU TION:
Marketing is indeed an ancient art. It has been practiced in one form on the
other since the days of Adam and Eve. Its emergence as a management
discipline, however is of relatively recent origin and with in this relatively. Short
period it has gained so much importance and status that today most management
thinkers and practitioners throughout the world view it as the most important of
all management functions in a business.
Marketing which used to be a neglected area during the past years has become
an extremely important function of business management. Efficiency of
marketing planning has become the strong platform for successful operation.
The marketing plan if the central instrument for directing and coordinating the
marketing effort. In today’s organizations, the marketing department does not set
marketing plan by itself.
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The standard let for marketing department is to achieve the sales target for
current year is 2.1 million tons. Once the main plan is formulated by top level
management it is sent to each of its branch office and also the head office located
at Mumbai sends the new plan to each of its branch office.
In keeping touch with the main and each months plans, the marketing manager
of JSW formulates dispatch plan daily for the purpose of distribution of goods
according to the orders received. The standard given to achieve the sale target of
1, 75,000 tones per month.
The strings of the management of the company are in the hands of Board of
Directors who reports to the Vice President. The Vice President looks after the
affairs of the company.
The various units of JSW:
After the production, the company sends to its plant regarding consumer
requirements, quality and quantity details, and transportation facility and delivery
date to dispatch department for dispatch the goods at correct time.
The material is loaded into truck or rail without any variation of quality. The
senior officer also checks this at the time of loading.
MARKET:
Marketing is a view point which looks at the entire business process has a
high integrated effort to discover, create arose and satisfy the customer needs.
Market: It is a place where a goods and services are exchanged; the term
market means to aggregate of all demands for as particular product or service. It
also refers to aggregate of all consumers – existing and potential for product.
JSW has a very good market for almost all market centers.
CUSTOMER
DIRECT
TRADERS
CUSTOMERS
Direct customers will approach with the bulk order for their utilization.
Traders place the orders for resale and profit out of it.
PHYSICAL DISTRIBUTION:
1. TRANSPORTATION
2. WAREHOUSING
1. TRANSPORTATION:
It is the first among the major function of physical distribution. It adds time
utility and place utility to the product.
There are 3 main type of transportation the manufacture must also known the
relative costs of mode.
Roadway Transport
Railway Transport
Waterway Transport
The main product of JSW is HOT ROLLED [HR] Coils. The weight of each
coil will be approximately 20 to 30 tons, so the Airway transport is not the best
mode for transportation because it is more costly; capacity will be limit and
cannot carry bulk orders.
The transportation mode of JSW is Roadway and Railway. For Export orders
it is send though Waterway by costal shipping.
Every company has to share finish goods until then sold, because production
and consumption cycles pure match. As a matter of fact, Warehousing
Management has two distinct and equally importing parts.
• The physical job crafting scanning the network of storage points and
• The managerial task of controlling the inventory levels
But JSW doesn’t maintain more stock because their capacity is 2.5 million
tons, out of which their produce 2.1 million tons and 45percent of its production
is down stream (Purchased by Group Company).
An industrial goods manufacturer can use its sales force to sell directly to
industrial customers or it can industrial distributors, who sell to the industrial
customers.
0-LEVEL 1-LEVEL 2-LEVEL 3-LEVEL
MANUFACTURER MANUFAC. MANUFAC. MANUFAC.
SALES PLAN
The company should have correct and clean sales plan and the same plan must
be followed each and every time. Otherwise, the finished output remaining
blocked and the working capital cannot be obtained to perform the day-to-day
activities of the firm.
The interested customers send a letter JSW for enquiry about their availability
of the product, price, terms, condition etc. If they find satisfactory the order will
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One of the duplicate copies of the sales order is retained with the dispatch
section and one with accounts department. The purchase then confirms his order
by sending back the acceptance letter duly signed.
JSW after receiving the acceptance scrutinizes it and then the corresponds section
seeks to range for the availability on required goods and duly prepares a ‘Daily
Dispatch Plan’ which is passed on the dispatch section and then carry on.
The invoices prepare including all the charges like the prices of the stock in
addition to the freight, local excise duty and other loading and unloading charges.
The company also adopts certain sales promotion activities direct the product
toward customer.
SALES PROMOTION:
• JSW is going to provide price off, a straight discount off the list price on
each case purchased during a stated time period.
• The company developed customer sensitiveness and it provides incentives
and discounts on regular and bulk purchases.
• Sometimes JSW provides transport allowances to buyers.
MARKET SHARE
DOWN
STREAM DOMISTIC EXPORT
MARKET 10percen
SHARE 45percent 45percent t
MARKET SHARE
DOWN STREAM
DOMISTIC
EXPORT
MARKET SHARE
BANGALORE
CHENNAI
HYDERABAD
CHAPTER-4
SWOT ANALYSIS
SWOT ANALYSIS
STRENGTH:
1. JSW has good reputation in steel market. It is the result of long experience of
around 3 decades in the steel industry.
2. The major strength of JSW lies with the price. JSW will enjoy reduction in cost
due to very low cost of power (Generated by COREX gas)
5. Exemptions from sales tax as major dispatches are made from plant site.
7. JSW planned for inward and outward by Rail + Road, as base foundation for
future growth.
WEAKNESS:
1. Transportation costs are high due to non-availability of trucks and other means
of transportation easily.
2. JSW is far away from the main market as such it faces problems with the
logistics
OPPORTUNITIES:
2. Easy access to the major ports of Goa, Chennai, Mangalore and Mumbai
3. It lies in the vicinity of large potential and unexplored market of Southern India
THREATS:
2. Foreign companies like Mittal Steels and POSCO entering Indian Steel
3. Price war may result due to close competition and price being the main
constraint in steel marketing.
CHAPTER-5
FINDINGS & SUGGESTION
FINDINGS:
1. JSW has good reputation in the steel market having long experience of around 3
decades in the steel industry.
2. The state of art technology i.e. the COREX process has made the low cost
production of steel.
3. It has an easy access through major ports like Goa, Chennai, and Mangalore and
Mumbai.
4. Ranked Fourth amongst the top Indian business houses in terms of profit after
tax is Rs. 1,728 crores. O.P. Jindal Group has developed into a multiphase
organization and is one of the largest steel producers in India with 12 plants in
India, 2 plants in USA, and Jindal also in Canada, Italy, China, Bangladesh and
Thailand.
6. Jindal have also pioneered India’s first continuous slab casting machine and
India’s first hot stickle mill to produce hot rolled stainless steel coils.
7. JSW is far away from the main market as such it faces problems with the
logistic.
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SUGGESTIONS:
CONCLUSION
BIBLIOGRAPHY
1. References
ANNEXUR
PROFIT and LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2009-2010
( Rs in crores)