Heavy Engineering Corporation (HEC) is a leading supplier of capital equipment in India for sectors like steel, mining, railways, power, and defense. It has manufacturing facilities for melting, casting, forging, fabrication, machining, assembly and testing. HEC has over 50 years of experience and provides complete solutions to customers. It has four divisions - two manufacturing plants, a foundry and forge plant, and a project division. HEC aims to grow production to Rs. 3000 crores annually through improved efficiency and customer satisfaction. It defines five core values - ethics, transparency, empowerment, professionalism, and teamwork. The summary provides an overview of HEC's operations and goals.

1. Heavy
Engineering
Corporation
Submitted By:-
Ayasha Banka
1627942

2. Introduction
❖ HEC is one of the leading suppliers of capital
equipment in India for steel, mining, railways,
power, defence, space research, nuclear and
strategic sectors.
❖ HEC has facilities starting from steel melting,
casting, forging, fabrication, machining, assembly
and testing.
❖ It has its own in-house research and product
development wing to deliver products suiting
customers' specifications.
❖ It is situated in Ranchi, the capitol city of
Jharkhand which is a well-suited location, nearing
to customer sites and proximity to the ports for
import items, is an added advantage for its cost-
effectiveness

3. ❖ With over 50 years of experience, HEC has proved its forte in equipment design,
engineering & manufacturing and development of unique processes.
❖ Its diverse skill and technical know-how enables HEC to provide complete,
comprehensive and cost effective solutions to its customers.
❖ The company has three manufacturing units and one project execution division:
❖ Heavy Machine Building Plant (HMBP)
❖ Heavy Machine Tools Plant (HMTP)
❖ Foundry Forge Plant (FFP)
❖ Project division : Backed by a dedicated, committed and experienced team, this
division executes turnkey projects from concept to commissioning of bulk material
handling, steel plant projects, coal washers, cement plants and other sectors.

4. Vision
❖ To be a major organisation in India providing quality
products and services to the Steel, Mining, Coal,
Railways and other strategic sector.

5. Mission
❖ Growth : To attain substantial jump in production and bring sustained
growth to attain production level of Rs. 3000 crores.
❖ Profitability : To provide reasonable and adequate return on capital
employed, primarily through improvement in operational efficiency,
capacity utilisation & productivity, in order to generate adequate internal
resources to finance the company's growth.
❖ Human Resource Planning and Development : To enable each
employee to achieve his/her optimum potential, improve his capabilities,
perceive his role and responsibilities for the benefit of the company.
❖ Customer Satisfaction : To give the customer value for his money
through improved product quality, delivery, performance and customer
service.

6. Various Departments of the
Company
❖ Finance Department
❖ Marketing Department
❖ Human Resource Department
❖ Production Department

7. Finance Department

8. Marketing Department
Sales
Department
Promotion
Department
R&D
Department
Distribution
Department
Material
Management
Department
• Decide type
and quantity
of goods.
• Work for the
interest of
target
customers.
• Decide how
to promote
goods
produced by
the
organisation.
• Innovative
and Creative.
• Study the
demand for
the product
through
market
research.
• They
transport
goods to the
market.
• Decide the
quantity of
product is to
be
distributed.
• They work on
planning,
procuring,
storing and
providing
appropriate
material
whenever
needed.

9. Human Resource Department
RECURITMENT
EMPLOYMENT
RELATION
MANPOWER
PLANNING
COMPENSATION
AND BENEFIT
COMPLIANCE
PERFORMANCE
MANAGEMENT
• Centralised
• Internal
• External
• Works to
build a good
relationship
among the
workers by
resolving
conflict.
• Develop
employment
program
• Provide
training
facility.
• Employees
are awarded
for great
performances.
• Ensures
compliance
with all
applicable
laws, rules
and
regulations.
• Ensures that
goals are
consistently
being met in
an effective
and efficient
manner.

10. Production Department

11. SWOT Analysis
STRENGTH
• Huge diversified products
• Large product manufacturing plant
• World class quality
• Real Estate availability in Ranchi
• Huge Fabrication facility
• Experienced workforce
• Brand name
WEEKNESS
• Outdated machines and technology used
• Pilfering of raw materials during commute
• Poor and flexible management
• Work inefficiency
• Inadequate infrastructure
OPPORTUNITY
• HEC has the potential to become a
NAVRATNA company
• Large number of projects to be fulfilled
• Opportunities in International market
THREATS
• Old equipments

12. Financial Landmarks
❖ From a huge loss of 285 Cr. in 2005, it recorded 303.30
Cr. gross turn over with a marginal profit of 2.86 Cr. in
2006. It further increased its profit successively to 4.17
Cr. in 2007-08, 18.37 Cr. in 2008-09, and 26.93 Cr. in
2009-10.

13. Values
❖ HEC has defined five key values to achieve operational
excellence, which are applied by all employees. They are:
• Ethics
• Transparency
• Empowerment
• Professionalism
• Teamwork

14. Recommendation
❖ Replace old equipments with modern ones.
❖ Time to extend business in the International market.
❖ Hire more on-field workers for faster completion of
projects.
❖ Modernise the infrastructure.