WORKING CAPITAL MANAGEMENT

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ACKNOWLEDGMENTI am highly obliged to Mr. R.B SHARMA-Junior Manager (F & A-Purchase) SAIL-BSL, my prime internal guide for his invaluable support; guidance and knowledge that he shared with me thereby aiding me in making this project a success along with different guides as Sri Krishan Chand-Sr. Manager (F&A-Sales Invoice), Sri Rajeev- (F&A-Sales and Excise) of each sections who provided their utmost working knowledge, which has broaden my area of interest and benefited mostly in completing the project. Their guidance and suggestions without which it was a difficult step to complete the project alone.

This provided me some experience not only in practical aspects of industry but also in human relation, group work , individual work and provided great insights into the actual working of an industry . Definitely I cant ignore the technology with internet as a backbone in building the project. I hereby also declare that the contents in the report are true to the best of my knowledge.

Lastly I thank faculty and staff members of B.I.T SINDRICollege and Bokaro Steel Plant SAIL which gave me an opportunity regarding training purpose and helped me in building some experience in my career.CERTIFICATEThis is to certify that the project entitled TRAINING REPORT On SAIL- BOKARO STEEL PLANT has been carried out by Mr. HARI SHANKAR PRASAD from 17th JUNE 2013 to 13th JULY 2013 , under my supervision in partial fulfillment of his course B.Tech at B.I.T SINDRI ,DHANBAD (JHARKHAND).I am satisfied with his sincere performance and study conducted by him in SAIL-BOKARO STEEL PLANT. The project is hereby approved as a bonafied work carried out and presented in a manner satisfactory to its acceptance area to the Master of business administration for which it has been submitted.

I recommend submitting the project report. I wish him all success in life.

This is also certified that the project work is original and has not been submitted to any other place.

Project Guide

MR R.B SHARMA

Junior Manager- (F & A)

BSL (SAIL). BOKARO DECLARATION

I hereby declare that the following documented Training Report on Bokaro STEEL Plant is an authentic work done by me as a part of my study in finance.

I also further state that the project has been prepared by my own with the secondary data provided in the reports of the company, which were essential for the completion of the project. The project was undertaken as a part of the course curriculum of B.Tech . This has not been submitted to any other Examination body earlier.

HARI SHANKAR PRASAD B.I.T SINDRI .(DHANBAD)

STable of ContentsTitles Page no.

Introduction to Bokaro Steel Plant 05 Company Profile 07Coke ovens & By product plant 11Sintering Plant 16Blast Furnace 21Steel Melting Shop 1& 2 26Slabbing Mill 29 Cold Rolling Mill 33Hot Strip Mill 34Sail Today 38Product Details 40INTRODUCTION TO BOKARO STEEL PLANT .

.BOKARO STEEL PLANT - the fourth integrated plant in the Public Sector - started taking shape in 1965 in collaboration with the Soviet Union. It was originally incorporated as a limited company on 29th January 1964, and was later merged with SAIL, first as a subsidiary and then as a unit, through the Public Sector Iron & Steel Companies (Restructuring & Miscellaneous Provisions) Act 1978. The construction work started on 6th April 1968.

The Plant is hailed as the countrys first Swadeshi steel plant, built with maximum indigenous content in terms of equipment, material and know-how. Its first Blast Furnace started on 2nd October 1972 and the first phase of 1.7 MT ingots steel was completed on 26th February 1978 with the commissioning of the third Blast Furnace. All units of 4 MT stage have already been commissioned and the 90s' modernization has further upgraded this to 4.5 MT of liquid steel.

Bokaro is designed to produce flat products like Hot Rolled Coils, Hot Rolled Plates, Hot Rolled Sheets, Cold Rolled Coils, Cold Rolled Sheets, Tin Mill Black Plates (TMBP) and Galvanized Plain and Corrugated (GP/GC) Sheets. With the completion of Hot Strip Mill modernization, Bokaro is producing top quality hot rolled products that are well accepted in the global market. Bokaro has provided a strong raw material base for a variety of modern engineering industries including automobile, pipe and tube, LPG cylinder, barrel and drum producing industries.BOKARO STEEL PLANT FACILITIESRaw Materials & Material Handling Plant

The Raw Materials and Material Handling Plant receives, blends, stores and supplies different raw materials to Blast Furnace, Sinter Plant and Refractory Materials Plant as per their requirements. It also maintains a buffer stock to take care of any supply interruptions.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- STEEL Authority OF INDIA LIMITED

Satisfaction Customer

Aspiration Unlimited

Improvement Continual

Leadership MarketSteel Authority of India Limited (SAIL) is the leading steel-making company in India. SAIL is India's largest steel producing company with a turnover of Rs. 47,042 crore, SAIL is among the five Maharatnas of the country's Central Public Sector Enterprises. It is a fully integrated iron and steel maker. SAIL manufactures and sells a broad range of steel products that are used for different purposes like domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets. Since its inception, SAIL has been instrumental in laying a sound infrastructure for the industrial development of the country. Besides, it has immensely contributed to the development of technical and managerial expertise. It has triggered the secondary and tertiary waves of economic growth by continuously providing the inputs for the consuming industry.

BACKGROUND & HISTORY

After independence in the formative years of an emerging nation India, the builders of modern India worked with a vision - to lay the infrastructure for rapid industrialization of the country. The steel sector was one amongst which to propel the economic growth. Hindustan Steel Private Limited was set up on January 19, 1954. The President of India held the shares of the company on behalf of the people of India.

Hindustan Steel (HSL) was initially designed to manage only one plant that was coming up at Rourkela. For Bhilai and Durgapur Steel Plants, the preliminary work was done by the Iron and Steel Ministry. From April 1957, the supervision and control of these two steel plants were also transferred to Hindustan Steel. A new steel company, Bokaro Steel Limited, was incorporated in January 1964 to construct and operate the steel plant at Bokaro.

The Ministry of Steel and Mines drafted a policy statement to evolve a new model for managing industry. The policy statement was presented to the Parliament on December 2, 1972. On this basis the concept of creating a holding company to manage inputs and outputs under one umbrella was mooted. This led to the formation of Steel Authority of India Ltd. The company, incorporated on January 24, 1973 with an authorized capital of Rs. 2000 crore, was made responsible for managing five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur, the Alloy Steel Plant and the Salem Steel Plant. In 1978 SAIL was restructured as an operating company.

Coke Ovens & By-product Plant:-The Coke Oven Complex at Bokaro converts prime coking coal from Jharia, Dugda and Moonidih and medium coking coal form Kargali, Kathara and Mahuda, blended with imported coal, into high quality coke for the Blast Furnaces, recovering valuable by-products like Anthracene Oil, Benzene, Toluene, Xylene, Light Solvent Naphtha, Ammonium Sulphate and Extra-hard Pitch in the process. Bokaro is situated in the prime coal belt of the country.

The Coke Oven battery has 8 batteries with 69 ovens each, maintained meticulously in terms of fugitive emission control, use of phenolic water and other pollution control measures.

-: COKE OVENS:- 8 Batteries of 5 meter height, 69 Ovens each The process of coke making consists of destructive distillation of coal in absence of air. The phenomenon is called high temperature (above 12000c -13000c carbonisation of coal Volatile matters are driven out leaving behind the residue called COKE By-Product Plant: - Gas Condensate Section - Ammonium Sulphate Plant - Benzol Recovery Plant - Tar Distillation Plant - Sulphuric Acid Plant Desired Analysis vs Indian CoalsDesired AnalysisIndian CoalsImported Coals

Ash%< 1619-243-12 (Av 9)

Volatile Matters%> 2524-2619-28 (Av 23)

Moisture%7-97-88-11 (Av 9)

Sulphur%< 0.050.56< 0.05

Phosphorus%< 0.050.09< 0.05

-------: Quenching of Coke:---------------------------------------------------------------------

VIEW OF SINTER PLANT

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Blast Furnaces

Bokaro has five 2000-cubic metre Blast Furnaces that produce molten iron - Hot Metal - for steel making. Bell-less Top Charging, modernised double Cast Houses, Coal Dust Injection and Cast House Slag Granulation technologies have been deployed in the furnaces. The process of iron-making is automated, using PLC Charging System and Computer Controlled Supervision System. The wastes products like Blast Furnace slag and gas are either used directly within plant or processed for recycling / re-use.

----------------------------------------------------------------------------------------------------------Steel Melting Shops

Hot Metal from the Blast Furnaces is converted into steel by blowing 99.5% pure Oxygen through it in the LD converter. Suitable alloying elements are added to produce different grades of steel.Bokaro has two Steel Melting Shops - SMS-I and SMS-II. SMS-I has 5 LD converters of 130T capacity each. It is capable of producing Rimming steel through the ingot route. SMS-II has 2 LD converters, each of 300 T capacities, with suppressed combustion system and Continuous Casting facility. It produces various Killed and Semi-Killed steels

----------------------------------------------------------------------------------------------------------Slabbing Mill

Slabbing Mill transforms ingots into slabs by rolling them in its 1250 mm Universal Four-High Mill. The rolling capacity of the Mill is 4 MT per annum. The shop has Hot and Cold Scarfing Machines and 2800 T Shearing Machine. Controlled heating in Soaking Pits, close dimensional accuracy during rolling and hot and cold scarfing help produce defect-free slabs.

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Cold Rolling Mill

The Cold Rolling Mill at Bokaro uses state-of-the-art technology to produce high quality sheet gauge material, Tin Mill Black Plate and Galvanized Products. Cold rolling is done to produce thinner gauge strips of very smooth and dense finish, with better mechanical properties than hot rolling strips. Hot Dip Galvanizing Complex

The Hot Dip Galvanizing Complex integrated with the CRM produces zinc-coated Cold Rolled strips resistant to atmospheric, liquid and soil corrosion The first shop of Bokaro Steel to get the ISO-9001 certification way back in 1994, this complex has maintained a high-standard of coating quality and its SAILJYOTI branded products enjoy a loyal market. This complex made certain innovations for

higher productivity to help re-build earthquake ravaged Gujarat.

----------------------------------------------------------------------------------------------------------Hot Strip Mill

Slabs from CCS and Slabbing Mill are processed in the state-of-the-art Hot Strip Mill. The fully automatic Hot Strip Mill with an annual capacity of 3.363 million tonnes has a wide range of products - thickness varying from 1.2 mm to 20 mm and width from 750 mm to 1850 mm. The mill is equipped with state-of-the-art automation and controls, using advanced systems for process optimization with on-line real time computer control, PLCs and technological control systems.

Hot Rolled Coil Finishing

All the Hot Rolled coils from the Hot Strip Mill are received in HRCF for further distribution or dispatch. HR Coils rolled against direct shipment orders are sheared and finished to customer-required sizes and dispatched to customers. The material is supplied as per Indian specifications and many international/ foreign specifications. The shop has two shearing lines with capacities of 6, 45,000 Tonnes/ year and 4, 75,000 Tonnes/ year respectively.

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SAIL Today

SAIL today is one of the largest industrial entities in India. Its strength has been the diversified range of quality steel products catering to the domestic, as well as the export markets and a large pool of technical and professional expertise.SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India. The company also owns iron ore, limestone and dolomite mines: domestic sources of raw materials. These mines are situated close to the eastern and central regions of India giving company competitive advantages. The company has the distinction of being Indias second largest producer of iron ore and of having the countrys second largest mines network.

Major Units

Major units of SAIL consist of integrated Steel plant, special steel plant & subsidiary units.

Integrated Steel Plants

Bhilai Steel Plant (BSP) in Chhattisgarh Durgapur Steel Plant (DSP) in West Bengal Rourkela Steel Plant (RSP) in Orissa Bokaro Steel Plant (BSL) in Jharkhand IISCO Steel Plant (ISP) in West Bengal

Special Steel Plants

Alloy Steels Plants (ASP) in West Bengal Salem Steel Plant (SSP) in Tamil Nadu Visvesvaraya Iron and Steel Plant (VISL) in KarnatakaSubsidiary

Maharashtra Elektrosmelt Limited (MEL) in Maharashtra

Joint Ventures

NTPC SAIL Power Company Pvt. Limited (NSPCL) Bokaro Power Supply Company Pvt. Limited (BPSCL) Mjunction Services Limited SAIL SCL Limited

SAIL-Bansal Service Centre Limited

Bhilai JP Cement Limited

Bokaro JP Cement Limited

SAIL & MOIL Ferro Alloys (Pvt.) Limited

S & T Mining Company Pvt. Limited

International Coal Ventures Private Limited SAIL SCI Shipping Pvt. Limited

SAIL RITES Bengal Wagon Industry Pvt. Limited

Today, the accent in SAIL is to continuously adapt to the competitive business environment and excel as a business organization, both within and outside India.

Products Details: Products by SAIL can be segregated into different categories-

(1) Long Products

(i) Crane Rails

(ii) Z-Section Center Sill

(iii) Z-Type Sheet- Piling Section

(iv) MS Arch

(v) Bars, Rods & rebars: SAIL TMT

(vi) Wire Rods

(2) Flats Products(i) Hr Coils ,Sheets & Skelp

(ii) CR Coils & Sheets

(iii) Plates GP Sheets Coils, GC Sheets: Sail Jyoti

(iv) Tin Plates

(v) Electrical Steels

(3) Pipes

(4) Railway Products

(i) Rails

(ii) Wheels, Axles & wheel Sets

(5) Semis: Blooms, Billets, Slabs

(6) Pig Iron

HARI SHANKAR PRASAD

Roll no:-1100076(Mechanical)

VT 3 , Reg- No-5906104

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