IREL ORGANISATION STUDY

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ORGANISATION STUDY ON INDIAN RARE EARTHS LTD.

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  • 1. Organisation Study on IREL Chavara 1DC School of Management and Technology | TrivandrumSummer Internship Program On Organization Study ofINDIAN RARE EARTHS LIMITED, CHAVARAAKHIL P U (Reg. no. 13460007)MBA 2013-15KERALA UNIVERSITYUnder the Guidance of

2. Organisation Study on IREL Chavara 2DC School of Management and Technology | TrivandrumCertificate (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 byAKHIL P U, under the guidance and this work has not been submitted by them for the award of any other degree, diploma or title of recognition earlier.DC School of Management and Technology (sd)Date:..(Seal) 3. Organisation Study on IREL Chavara 3DC School of Management and Technology | TrivandrumCertificate ( of the Organisation)This is to certify that AKHIL P U,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 4. Organisation Study on IREL Chavara 4DC School of Management and Technology | TrivandrumDECLARATIONWe, AKHIL P U 2nd semester MBA student of DC School of Management and Technology, do hereby declare that this organization study titled An Organization Study onINDIAN RARE EARTHS LIMITED, CHAVARAunder the guidance of Mr. RAJENDRANis 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.AKHIL P UPlace: KollamDate: 5. Organisation Study on IREL Chavara 5DC School of Management and Technology | TrivandrumACKNOWLEDGEMENTFirst 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 guidanceIt is our pleasure to express a deep sense of grateful to Mr jayapalan(Deputy generalmanager),Mr Chandrasekhar, Sr. Manager( safety and Environment & QMSDepartment ),Mr SatyabhusanSamantaSr.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. 6. Organisation Study on IREL Chavara 6DC School of Management and Technology | TrivandrumLIST OF CONTENTSSubjectPage NumberChapter 1Introduction9-12Chapter 2Industry profile13-19Chapter 3Company Profile20-24Chapter 4Product Profile25-27Chapter 5Customer profile28-30Chapter 6Functional areas of IREL31-75Chapter 7Swot Analysis76-78Chapter 8Porters Five Force Analysis79-81Chapter 9PEST Analysis82-84Chapter 10Findings, Recommendations, Conclusion85-87 7. Organisation Study on IREL Chavara 7DC School of Management and Technology | TrivandrumLIST OF TABLES & CHARTSTable NoSubjectPage no.2.1World production reserves162.2Resources of Monazite in India172.3Potential RE markets194.1Product profile264.2Uses of the product276.1Manpower strength346.2Contract workers346.3Pay scale for Workers and officers376.4Production capacity of chavara plant48Balance sheet89Statement of profit and loss account90 8. Organisation Study on IREL Chavara 8DC School of Management and Technology | TrivandrumLIST OF FIGURESFig no.subjectPage no1.1Corporate structure116.1Department structure -HRM326.2Department structure -Mining456.3Department structure -Production466.4Production process506.5Department structure Quality control526.6Department structure Stores and Despatch546.7Department structure Internal Audit576.8Department structure R&D586.9Department structure Project& maintenance596.10Department structure Finance646.11Department structure Medical676.12Department structure Security696.13Department structure Safety& Environment706.14Department structure -Civil75 9. Organisation Study on IREL Chavara 9DC School of Management and Technology | TrivandrumCHAPTER 1INTRODUCTION 10. Organisation Study on IREL Chavara 10DC School of Management and Technology | TrivandrumINTRODUTIONEach 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. 11. Organisation Study on IREL Chavara 11DC School of Management and Technology | TrivandrumCORPORATE STRUCTUREFig:1.1RESEARCH DESIGNA 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 STUDYThe 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 PlantOrissaCorporate & RegisteredOffice at MumbaiRare Earths DivisionUdyogamandalMineral DivisionManavalakurichiMineral DivisionChavara 12. Organisation Study on IREL Chavara 12DC School of Management and Technology | TrivandrumSCOPE OF THE STUDYThe 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.METHODOLOGYBoth primary and secondary data were used for this study.1. Primary Data:-The primary data can be obtained either through observation or through direct communication with respondents in one form or another or through personal interviews. There are several methods for collecting primary data. They are observation method, interview method, through questionnaire, through schedule etc. Here primary data were obtained from direct interviews made on with managers, officers and workers of the firm.2. Secondary Data:-Secondary data means data that are already available ie: - they refer to the data which have already been collected by someone else. Here secondary data were collected from company brouchers, manuals and other recordsLIMITATIONS OF THE STUDY The study is limited to my experience and knowledge. Lack of availability of secondary data from published journals and reports. Secrecy of the organisation prevents them from giving some of the details regarding the firm. Employees were busy in their work so they could not give more information. There may be errors due to the bias of the respondents. Time is a major limitation in the course of study. 13. Organisation Study on IREL Chavara 13DC School of Management and Technology | TrivandrumCHAPTER-2INDUSTRY PROFILE 14. Organisation Study on IREL Chavara 14DC School of Management and Technology | TrivandrumINDUSTRY PROFILERare Earth Elements or Rare Earth Metals are a collection of 17 elements namely scandium, yttrium and lanthanides (15 elements in the period