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Project Report on Steel Industry of

Tata Iron & Steel Co

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INTRODUCTION

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The Indian steel industry is more than 100 years old now. The first steel ingot was rolled on 16th February 1912 - a momentous day in the history of industrial India. Steel is crucial to the development of any modern economy and is considered to be the backbone of the human civilization. The level of per capita consumption of steel is treated as one of the important indicators of socio-economic development and living standard of the people in any country. It is a product of a large and technologically complex industry having strong forward and backward linkages in terms of material flow and income generation. All major industrial economies are characterized by the existence of a strong steel industry and the growth of many of these economies has been largely shaped by the strength of their steel industries in their initial stages of development

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India is the 7th largest steel producer in the world, employing over 1/2 million people directly with a cumulative capital investment of around Rs.1 lakh crore. It is a core sector essential for economic and social development of the country and crucial for its defence.

The Indian iron and steel industry contributes about Rs.8,000 cr to the national exchequer in the form of excise and custom duties, apart from earning foreign exchange of approximately Rs. 3,000 cr through exports. Consumption of finished steel grew by 5.9 % and increased to 24.9 million tones. steel consumption is likely to increase at a rapid pace in future due to large investments planned in infrastructure development, increase urbanization and growth in key steel sectors i.e. automobile, construction and capital goods.

The Indian steel industry has emerged as one of the core sectors in the Indian economy with a very significant impact on economic growth. India with its abundant availability of high grade iron ore, the requisite technical base and cheap skilled labour is thus well placed for the development of steel industry and to provide a strong manufacturing base for the metallurgical industries.

VARIOUS POLICIES OF TATA STEEL

Quality Policy Safety Occupational Health and Environmental Policy Human Resource Policy Social Accountability Policy Corporate Social Responsibility Policy Drug & Alcohol Policy HIV+ & AIDS Control Policy Energy Policy

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Towards organization: Tata was the 1st company to amend its articles of association including the clause of social welfare.

Towards shareholders: Equal participation, straight forward business policy.

Towards employees: Pioneer of P.F. scheme, free medical and workmen's corporation fund.

Towards Society: India should not be an economic super power, but a happy country.

Towards government: Suggestions of economic reforms and high tax payer company.

Towards consumers: Consumer is the king of market.

Quality products & services timely solutions of problems

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VARIOUS POLICIES OF TATA STEEL

MODERNIZATION PROGRAMME BY TATA STEEL

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Read this Full Report on : - http://www.managementparadise.com/oskul/documents/1289/project-report-on-tata-steel/

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