Professional Documents
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Delhi (branded Essar Cellphone) with Swiss PTT as the joint venture partner.
ESSAR
The Essar Group is a multinational conglomerate and a leading player in the sectors of steel, oil and gas, power, communications and business process outsourcing (BPO), shipping, ports and logistics, projects, and minerals. With operations in more than 25 countries across five continents, the group employs 75,000 people, with revenues of USD 17 billion. With manufacturing facilities in India, Indonesia, Canada and North America, Essar Steel is a global steel producer with a capacity of 14 million tonnes. The company is fully integrated, from iron ore mining to steel retail. It operates specialized plants to manufacture value-added products like plates and pipes. It is also a leader in cold rolled, galvanized and pre-coated steel products. Essar Steel operates a global steel retailing and
processing network that spans India, Indonesia, UAE and the UK.
IPO ever floated by a company of Indian origin. Essar Energy is part of the FTSE 100, UK's top 100 companies by market capitalization.
Essar
Communications is
global
player
in
the
communications sector with a presence in telecom services (over 140 million subscribers in India, Kenya, Uganda and Congo), as well as consumer durables and IT retail (over 1,200 outlets). In India, Essar Communications has a 33 percent stake in Vodafone Essar, one of the countrys largest telecom players.
158 million tonnes), and oilfield drilling services (fleet of 13 rigs serving oil and gas exploration companies), as well as logistics. The company is among India's largest port operators and is adding 12 new ships as well as two new jack-up rigs to its already diversified fleet.
Essar Projects
and construction (EPC) capabilities that have helped build all of Essar's industrial assets in India in the sectors of steel, oil and gas, power, and ports and terminals. The company, which is its expertise to execute large external projects across the world. among India's top three EPC contractors, is increasingly using
Vision
Company is committed to innovative growth, through our personal passion, reinforced by a professional mindset, creating value for all those it touches.
Our Objectives
The Essar Group has changed significantly in recent years and continues to evolve, to keep pace with the changing times. They have undertaken a sustainable journey of transformation by foraying into new international markets, and exploring new business areas in a bid to keep their entrepreneurial spirit alive, and to continue growing. To mark the phenomenal growth witnessed over the last four decades, the Group recently unveiled its new brand identity marking a very important milestone in its journey and reflecting a new beginning for the Group. A new brand identity reinforces
all the positives to fulfil our vision to be a global entrepreneur through the power of positive action. They aim to have a robust value system comprising positive attitude, positive action and positive achievement. They endeavour to create enduring value for customers and stakeholders in core manufacturing and service businesses, through world-class operating standards, state-of-the-art technology and the positive attitude of our people. Privately owned and professionally managed, the Group is judiciously invested in the commodity, annuity and services businesses. Forward and backward integration, the use of stateof-the-art technology, in-house research and innovation have made Essar Global a force to reckon with in each of its businesses. Finally, the Essar way is all about keeping its entrepreneurial spirit alive, and to keep growing with a passion to progress and the power to succeed with a renewed strength of purpose and commitment.
dry bulk cargo at Paradip Port, Orissa on the East Coast of India.
Steel Orissa Ltd. (ESOL) is setting up 12 MTPA capacity oxide pellet plant at Paradeep, Orissa, India. The Product conveyor system of Pellet plant is envisaged to deal with reclaiming and conveying of the product material (oxide pellet) to CQ III Berth for loading to ship through ship loader. ESSAR Engineering services Ltd. (EESL) of Essar Group will provide technical knowhow of conveyor system envisaged for the above plant.
The scope of work
The scope of work of the tenderer shall consist of design, engineering, manufacture, painting, inspection, packing, loading and transportation of 1 Number of Travelling Tripper to ESSAR STEEL ORISSA LTD.
Review of Literature
A literature review is a description of the literature relevant to a particular field or topic. It gives an overview of what has been said, who the key writers are, what are the prevailing theories and hypotheses, what questions are being asked, and what methods and methodologies are appropriate and useful. As such, it is not in itself primary research, but rather it reports on other findings
Research is a systematic, self- critical enquiry. The enquiry is aimed at understanding a thing or phenomenon or solving a problem. Business operations are those ongoing recurring (cyclic) activities involved in the running of a business for the purpose of producing value for the stakeholders. They are contrasted with project management (business change managers are responsible for bridging the gap between the projects and business operations ), and consist of business processes.
]
Though EBTPL has started now, I didnt find any research work regarding monitoring of operating system of EBTPL. I am sure that its the first research work on this topic in Essar Bulk Terminal paradeep ltd.
The fund directly acquired by the business in exchange for the goods and services it delivers is the business's revenue. The cost of developing, producing, and delivering these goods and services is the business's expenses.
Methodology
A Research is purely and simply the framework or plan for a study that guides the collection and analysis of data. A research is a blueprint that is followed in completing a study. It is a scientific inquiry. It is a process leading to discovery of facts, how they are related, etc. A scientific inquiry leads to growth of knowledge. Research is a systematic inquiry and has three essential characteristics i.e. objectivity, accuracy & continuity.
Methodology has an important bearing on the collection of reliable information as well as on the outcome of the study. The categorization of the proposed investigation into certain type of research, a corresponding method or methods for it and appropriate technique for collecting and analyzing data together known as Methodology of Research. Research design is a complete outline of the conduct of the proposed research study. It is a comprehensive statement on the problem and scope of the study, the purpose of undertaking it, the population and location to be covered for collecting information, the hypothesis formulated for the study and finally the methodology to be employed in it. The following methodology adopted in this project.
RESEARCH METHODOLOGY
In this part of the project the procedure that is followed by me are as follows: Research design Sampling Data collection So that when someone will read he/she can easily understand about the procedure.
Research design
The type of research used by me to gather information or data for this project can be descriptive and analytical research.
Sample area
The sample is collected from the staffs of Essar Bulk Terminal Paradip ltd. only.
Data collection Primary Data:
Primary data was collected from the following sources: Questionnaire: Primary data can be collected through a questionnaire. It is one of the most common methods of collecting primary data. The questionnaire had been prepared
for
performance appraisal system to cater to the needs of the researcher. The questionnaire is structured and consists of objectives questions. The opinion survey was undertaken on the spot visit.
both
the
appraisers
and
appraises
to
access
the
Secondary Data:
Secondary Data on the organization was collected from various secondary sources like records, files and official documents & website of the organization. The data collected was classified for presentation. It involved preparation of tables, graphs and diagrams to compare and study the relationship among variables. The presentation of data facilitates the analysis of data by applying statistical tools that further helps in interpretation of data. www.essar.com www.google.com www.nseindia.com
www.steelorbis.com
www.constructionupdate.com www.thehindubusinessline.com
www.indiainfoline.com
Limitation of Study
The study is limited to geographical area of EBTPL Time limit is one of the biggest constraints as the time period of 4 weeks is not sufficient to the whole Restriction to enter some of the port areas. Some official documents were not provided. catchment area.
Company Operation
Business operations are those ongoing recurring (cyclic) activities involved in the running of a business for the purpose of producing value for the stakeholders. They are contrasted with project management (business change managers are
responsible for bridging the gap between the projects and business operations), and consist of business processes. The outcome of business operations is the harvesting of value from assets owned by a business. Assets can be either physical or intangible. An example of value derived from a physical asset like a building is rent. An example of value derived from an intangible asset like an idea is a royalty. The effort involved in "harvesting" this value is what constitutes business operations cycles. Business operations encompass three fundamental management imperatives that collectively aim to maximize value harvested from business assets (this has often been referred to as "sweating the assets"):
1.
2. Increase the value of the business assets 3. Secure the income and value of the business The three imperatives are interdependent. The following basic tenets illustrate this interdependency:
The more recurring income an asset generates the more valuable it becomes. For example, the products that sell at the highest volumes and prices are usually considered
The more valuable a product becomes the more recurring income it generates. For example, a luxury car can be leased out at a higher rate than a normal car.
The intrinsic value and income-generating potential of an asset cannot be realized without a way to secure it. For example, petroleum deposits are worthless unless processes and equipment are developed and employed to extract, refine, and distribute it profitably.
The business model of a business describes the means by which the three management imperatives are achieved. In this sense, business operations are the execution of the business model.
Generating recurring income
This is the most straightforward and well-understood management imperative of business operations. The primary
goal of this imperative is to implement a sustained delivery of goods and services to the business's customers at a cost that is less than the funds acquired in exchange for said goods and servicesin short, making a profit. The fund directly acquired by the business in exchange for the goods and services it delivers is the business's revenue. The cost of developing, producing, and delivering these goods and services is the business's expenses. A business whose revenues are sufficiently greater than its expenses makes profit or income. Such a business is profitable. As such, generating recurring "revenue" is not the focus of operations management; what counts is management of the relationship between the cost of goods sold and the revenue derived from their sale. Efficient processes that reduce costs even while prices remain the same expand the gap between revenue and expenses and derive higher profitability.
Increasing the value of the business The more profitable a business is, the more valuable it is. A business's profitability is measured on the following basis: How much income it generates for the amount of assets its business operations employits business returns. How much income it generates for the amount of revenue it realizesits business margin. Securing the income and value of the business Desirability or demand for its goods and services Ability of its customers to pay for its goods and services Uniqueness and competitiveness of its business model Control exerted over the quality and efficiency of production activities Public regard for the business as a member of the community A business that can harvest a significant amount of value from its assets but cannot demonstrate an ability to sustain this effort cannot be considered a viable business.
Operations management is also an academic field of study that focuses on the effective planning, scheduling, use, and control of a manufacturing or service firm and their operations. The field is a synthesis of concepts derived from design engineering, industrial engineering, management information systems, quality management, production management, inventory management, accounting, and other functions.
The field of operations management has been gaining increased recognition over the last two decades. One major reason for this is public awareness of the success of Japanese manufacturers and the perception that the quality of many Japanese products is superior to that of American manufacturers. As a result, many businesses have come to realize that the operations function is just as important to their firm as finance and marketing. In concert with this, firms now realize that in order to effectively compete in a global market they must have an operations strategy to support the mission of the firm and its overall corporate strategy.
Another reason for greater awareness of operations management is the increased application of operations management concepts and techniques to service operations.
The Essar Group, which has executed ports and terminals at Vadinar, Hazira and Salaya in Gujarat, has now signed license agreement with Paradip Port Trust (PPT) for mechanization of multi-user berth for handling dry and bulk cargo with a total capacity of 16 million tons per annum (mtpa). For this purpose, Essar Bulk Terminal Paradip Ltd (EBTPL) will invest about Rs 500 crore for mechanization of Central Quay-III berth, taking the total port sector investment of the Essar Group at Paradip to over Rs 1,000 crore. With the completion of this, the total terminal capacity planned by Essar Group at Paradip would be enhanced to 30 mtpa, comprising both third party cargo as well as captive cargo. The project is scheduled to be commissioned in April 2011. The license is for a period of 10 years, extendable by another five years with mutual consent.
EBTPL is a part of Essar Shipping Ports and Logistics Ltd (ESPLL), a major port owner and operator and an integrated logistics solution provider having substantial investments in ports and terminal.
ESPLL is a logistics services company with presence in sea transportation, ports and terminals, logistics and oilfields services. This is the second port project of ESPLL with PPT for handling third party cargo. Earlier, ESPLL, which is building a cargo handling capacity of over 150 million tonnes (both dry and bulk cargo), was awarded the project for development of 14 mtpa deep draught coal berth at Paradip on buildoperate-transfer (BOT) basis for a concession period of 30 years, with a project cost of Rs 560 crore.
ESPLL has a shipping fleet of 25 vessels, with 12 new ships on order. It would be investing more than $0.6 billion to procure these vessels. ESPLL has been
contracting drilling services to global oil majors, with a fleet of 12 onshore rigs and one semi-submersible offshore rig, while two new jack-up rigs are on order.
Currently, the company is executing expansion of oil terminal capacity from 46 mtpa to 58 mtpa at Vadinar, building a 50 mtpa, all-weather deep draft port and jetty for import of iron, coal and limestone and export of finished steel products at Hazira and a 20 mtpa integrated terminal facility for handling coal and pet coke used in power plant at Salaya, all in Gujarat.