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Operations Management Project Synopsis

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TITLE OF THE PROJECT: A PROJECT REPORT ON STEEL INDUSTRY OF TATA IRON AND STEEL COMPANY

NAME AND DESIGNATION OF THE ORGANIZATION GUIDE: VINAYAK PHANSE, AUDIT MANAGER, TATA PROJECTS
NAME AND DESIGNATION OF THE ACADEMIC GUIDE: VINAYAK PHANSE, AUDIT MANAGER, TATA PROJECTS

1. INTRODUCTION:

The Indian steel industry is more than 100 years old now. The first steel ingot was rolled on16th February 1912 - a momentous day in the history of industrial India. Steel is crucial tothe development of any modern economy and is considered to be the backbone of the …show more content…

This phase,among other things, saw the installation of two 130 tone LD converters, two 250 tons a dayoxygen plants, a bar forging machine, two vertical twin-shaft lime kilns and a tar-dolo brickplant. Significantly, a six-strand billet caster and a 130-tone vacuum arc refining unit wereinstalled, that too in the integrated steel plant.

2.2 COMPANY PROFILE
In the 1920s and 1930s, when it was still called Tata Iron and Steel Company, TISCO's largely tribal workers fought pitched battles with the European or Parsi management. Work conditions and the right to organize were important rallying issues, and over the years, the company developed a reputation for union-busting, often by violent means.The value of Dorabji’s Expansion Programme came to be appreciated only during the phase when world was reeling under the pressure of the Great Depression. The Tatas survived the depression and supplied nearly ¾ of the country’s steel requirements. By the Second World War, Tatas’ production capacities had expanded enough to make their prices lower than those of steel produced in England raising them to an authoritarian position. By the 1980s, the government was clearly in control of what had come to be called the commanding heights of economy. More than 45% of output in organized industry came from the public sector as well as bank and other long-lending institution. In 1981-82, eight of the largest firms in India were in the public sector, as were 24 out of the top 30 in

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