CHAPTER 1

GENARAL INTRODOCTION
Iron and steel are two of the most important metals steel is an alloy of iron and other materials, iron can be classified into three types one is pig iron, cast iron and wrought iron. By various methods including heat treatments and the addition of the elements iron and steel can be made in various degrees of hardness. Iron and steel can be softened or melted so that they can be formed in to required shapes. Without iron and steel the way of life of civilized people would be entirely different I serve everybody in homes public building automobile trains, ship , machinery (which produces almost everything we use in our daily life ) bridges, mine equipment and in a variety of application that may range from pin to plane . the use of iron and steel in so many ways in possible only because there is an abundance of iron in the earths crust and because of price low cast production is achieved by efficient operation on a large scale of iron and steel industry Steel industry is more than a century old, before the economic reforms of the early 1990s the Indian steel industry was a predominantly regulated one with the public sector dominating the industry. Tata steel was the only major private sector company involved the production of steel in Indian. Sail and Tata steel have traditionally the major steel producer of India. In 1992 the liberalization of the economy led to the opening up of various steel industries. This led to the increase in the number of producers, increased investments in the steel industry and increased production capacity. Since 1990, more than Rs 19,000 cores (U$$ 4470.58, million) have been invested in the steel industry of India. The new policy has already borne fruit. The finished steel production in India has gone up from mere 1.1 million tonnes in 1951 to 23.37 million tonnes in 1997-98 despite overall economic slow-down in the country. It has been estimated that the demand for finished steel in 2001-02 would touch 38.68 million tonnes and the projected availability of 38.01 tonnes is almost adequate to meet the domestic demand along with export of six million tonnes. Similarly, by 2006-07, the final year of the tenth plan, the demand for finished steel would be around 48.80 million tonnes, providing adequate surplus for meeting the projected export potential of nine million tonnes. However, there is hardly any scope for complacence over the fact that India continues to be the 10th largest steel producer in the world. In 1997 Indias per capita steel consumption was only 22 kg which was much below the world average of about 126

kgs. Even if the domestic demand grows up from 34.5 million tonnes to 100 million tonnes in 2025 the industry is unlikely to catch up with the production in the developed countries

Objectives of the study

To understand the background and history of the VSL steels company. To study the organization structure. To study the various functional areas of the organization through M7s. To have a practical experience of the functioning of the all deportment of the organization . To provide the SWOT analysis of the company

Scope of the study

This study is limited to V.S.L. steels limited paramenahalli in hiriyur, for the period of one month from 1-8-2011 to 31-8- 2011 the study focused on the various deportment of the organization The study is confined to gain some knowledge about the organization and the functions of deportments in V S L steels ltd paramenahalli

Data Collection:For the purpose of the study data has been collected in the form of Primary data and Secondary data. Primary data is first hand data and the data is collected through personal interview with departmental heads and employees of each department. And through classes conducted by the specialists of the VSL steels ltd. Secondary data has been collected through the Internet, company annual reports, various Broachers, Books, Magazines and Web sites.

Limitations of the study

time constraint period is one month the study is based on within organization only the study is mainly based on secondary data

CHAPTER SCHEME

Chapter -1 This chapter deals with general introduction, introduction, objective of the study, scope of the study, data collection, and limitation of the study. Chapter 2 This chapter deals with introduction, industry profile, history, and milestone, strength of the company, strategies, location, vision, mission, objectives, and future orientation. Chapter -3 This chapter deals with introduction, company profile. Chapter-4 This chapter deals with Introduction, m7s study Chapter -5 This chapter consist SWOT analysis.