ORGANISATIONAL STUDY @IRE KOLLAM(KERALA UNIVERSITY)

Organisation Study on IREL Chavara 1
DC School of Management and Technology | Trivandrum
Summer Internship Program OnOrganization Study of
INDIAN RARE EARTHS LIMITED,
CHAVARA
Submitted by:
SREENI ANILKUMAR (Reg. no. 13460040)
Under the Guidance of

Certificate (of the Institution)
This is to certify that the report entitled “An organisation study on Indian
Rare Earth Ltd” submitted here is a bonafide record of the work done by
SREENI ANILKUMAR under my guidance and this work has not been submitted by
him for the award of any other degree, diploma or title of recognition earlier.
DC School of Management and Technology (sd)
Date:………………………..
(Seal)

Certificate ( of the Organisation)
This is to certify that SREENI ANILKUMAR,2nd
semester MBA student of
DC School of Management and Technology has done a project work on “organisation
study” in our organization under the supervision of Mr Chandrasekhar, Sr. Manager
safety and Environment Department during the period from 21 April 2014 to
4may.He has successfully completed the work.
(Seal)
(sd)
Place and Date

DECLARATION
I, SREENI ANILKUMAR 2nd
semester MBA student of DC School of Management
and Technology, do hereby declare that this organization study titled “An
Organization Study on INDIAN RARE EARTHS LIMITED, CHAVARA” under
the guidance of Mr. RAJENDRAN is the result of original work during the
organization study time. I have not submitted the same for the award of any degree,
diploma. All the data both primary and secondary are true to the best of my knowledge
.
Place: Kollam SREENI ANILKUMAR
Date:

ACKNOWLEDGEMENT
First of all I wish to express my deep gratitude and thanks to God who helped us in
completing the organisation study successfully.
I shall remain grateful to Dr. P.S Mohana Kumar for his amble guidance and
encouragement for completing the organization study. I am also extremely grateful to
faculty members for their valuable suggestions and advice regarding this work.
I am more obliged to Dr. VeeranKuttyDirector, Dc School of Management and
Technology for his helpful suggestions and valuable guidance
It is my pleasure to express a deep sense of grateful to Mr jayapalan(Deputy
generalmanager),Mr Chandrasekhar, Sr. Manager( safety and Environment &
QMSDepartment ),Mr SatyabhusanSamantaSr.Manager(Finance) without their
untiring efforts and tremendous background information this work would not have
materialized. I express my sincere thanks to all the staff of IREL, Chavara for their
co-operation during my study in the company.
Last but not least I am thankful to all the staff members of the DC School of
Management and Technology for the encouragement rendered for the completion of the
research work and also I extend my gratitude to all staff and workers in IREL,
Chavara for their support in my organization study.

LIST OF CONTENTS
Subject
Page
Number
Chapter 1 Introduction 9-12
Chapter 2 Industry profile 13-19
Chapter 3 Company Profile 20-24
Chapter 4 Product Profile 25-27
Chapter 5 Customer profile 28-30
Chapter 6 Functional areas of IREL 31-75
Chapter 7 Swot Analysis 76-78
Chapter 8 Porter‟s Five Force Analysis 79-81
Chapter 9 PEST Analysis 82-84
Chapter 10 Findings, Recommendations, Conclusion 85-87

LIST OF TABLES & CHARTS
Table No Subject Page no.
2.1 World production reserves 16
2.2 Resources of Monazite in India 17
2.3 Potential RE markets 19
4.1 Product profile 26
4.2 Uses of the product 27
6.1 Manpower strength 34
6.2 Contract workers 34
6.3 Pay scale for Workers and officers 37
6.4 Production capacity of chavara plant 48
Balance sheet 89
Statement of profit and loss account 90

LIST OF FIGURES
Fig no. Subject Page no
1.1 Corporate structure 11
6.1 Department structure –HRM 32
6.2 Department structure –Mining 45
6.3 Department structure –Production 46
6.4 Production process 50
6.5 Department structure –Quality control 52
6.6 Department structure –Stores and Despatch 54
6.7 Department structure –Internal Audit 57
6.8 Department structure –R&D 58
6.9 Department structure –Project& maintenance 59
6.10 Department structure –Finance 64
6.11 Department structure –Medical 67
6.12 Department structure –Security 69
6.13 Department structure –Safety& Environment 70
6.14 Department structure –Civil 75

CHAPTER 1
INTRODUCTION

INTRODUTION
Each and every organisation has its own importance in the economic wealth of the
nation. Different organisation meets different needs of people by offering different
products and services. Due to globalisation the world has changed into a global village.
In this fast and changing business scenario, it is imperative for every entrepreneur to
have a vivid understanding of the functional application of the new age business. As a
part of the academic curriculum each student has to undertake an organisational study
to get practical exposure. This study is conducted at Indian Rare Earths Limited,
Chavara.
IREL Chavara is located 10 km north of Kerala and 85 km from Trivandrum, capital of
Kerala and 135 by road from Cochin is perhaps blessed with the best mineral sand
deposit of the country. The plant operates on a mining area containing as high as 40%
heavy minerals and extending over a length of 22 kms in the belt of Neendakara and
Kayamkulam.
The deposit is quite rich with respect to Ilmenite, Rutile and Zircon and the mineral
Ilmenite happens to be of weathered variety analysing 60% Titanium Dioxide (TiO2).
The present annual production capacity of Chavara unit engaged in dry as well as wet
(dredging / Up gradation) mining and mineral separation stands at 2,00,000 tonsof
Ilmenite, 1,14,500tons of Rutile, 11,750 tons of Zircons and 10,000 tons of Sillimanite.
In addition to that, the plant has facilities for annual production of ground Zircon called
Zirflour and Microzir of the order of 6,000 tones and 300 tonsrespectively.
IREL Chavara is one of the oldest and leading public sector undertakings under the
Department of Atomic Energy (DAE). It is an ISO 14001: 2000; OHSAS 18000
certified company supplies beach sand minerals to the foreign and domestic market. It
caters the requirements of developed countries like U.S.A, U.K, Germany,
Australia, Japan etc. The major mineral products of IREL are Ilmenite, Rutile,
Sillimanite and Zirflour.

CORPORATE STRUCTURE
Fig:1.1
RESEARCH DESIGN
A research design is a plan of the proposed research work. The research designs simply
a specific presentation of the various steps in the process of research. Design means
adopting that type or technique which is most suited for the research and study of the
problem. It is a plan, structure and strategy of investigation conceived so as to obtain
answers to research questions and to control variance.
OBJECTIVE OF THE STUDY
The main objective of the study is to familiarize with the organisational functions in the
organisation, there are many other minor objectives also. They are the following:-
 To understand about how an organisation‟s system is performing.
 To know about various departments and their functions in an organisation.
 To study the managerial activities performed in an organisation.
 To know how an organisation coordinates its activities.
 To get a practical exposure as the future manager.
OSCOM Plant
Orissa
Corporate & Registered
Office at Mumbai
Rare Earths Division
Udyogamandal
Mineral Division
Manavalakurichi
Mineral Division
Chavara

SCOPE OF THE STUDY
The scope of the study is to know about the organisation, its structure, the functions
performed by various departments and to know the overall performance of the
organisation. The study will help the management students to get a practical exposure.
METHODOLOGY
Both primary and secondary data were used for this study.
1. Primary Data:-
The primary data can be obtained either through observation or through direct
communication with respondents in one form or another or through personal
interviews. There are several methods for collecting primary data. They are observation
method, interview method, through questionnaire, through schedule etc. Here primary
data were obtained from direct interviews made on with managers, officers and workers
of the firm.
2. Secondary Data:-
Secondary data means data that are already available ie: - they refer to the data which
have already been collected by someone else. Here secondary data were collected from
company brouchers, manuals and other records
LIMITATIONS OF THE STUDY
 The study is limited to my experience and knowledge.
 Lack of availability of secondary data from published journals and reports.
 Secrecy of the organisation prevents them from giving some of the details
regarding the firm.
 Employees were busy in their work so they could not give more information.
 There may be errors due to the bias of the respondents.
 Time is a major limitation in the course of study.

CHAPTER-2
INDUSTRY PROFILE

INDUSTRY PROFILE
Rare Earth Elements or Rare Earth Metals are a collection of 17 elements namely
scandium, yttrium and lanthanides (15 elements in the periodic table with atomic
numbers 57 to 71 namely: lanthanum (La), cerium (Ce), praseodymium (Pr),
neodymium (Nd), promethium (Pm), samarium (Sm), europium (Eu), gadolinium (Gd),
terbium (Tb), dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium
(Yb) and lutetium (Lu)). Rare earths are not rare in the sense of their abundance, but
have earned this descriptive because they are rarely concentrated enough for an easy
recovery from their ores.
In India, monazite is the principal source of rare earths, which is a prescribed substance
as per the notification under the Atomic Energy Act, 1962. Indian Rare Earths Limited
(IREL) has been the sole producer of Rare Earth compounds in the country. The
recovery of Rare Earth Elements (REE) from Monazite has been restricted due to its
thorium and uranium content. There is a need for concerted efforts both by GSI and
AMD to explore other primary sources of Rare Earth Elements. In the face of
competition from China and due to lack of domestic demand for indigenous materials,
IREL had stopped its production.
Given the concerns over China‟ s flexing of its muscle on the international stage by
restricting Rare Earths exports, a wave of Mining projects are revived worldwide to tap
sizeable deposits of Rare Earths. IREL is also planning to restart production of REE.
Keeping this in view and increasing demand of these metals for high tech applications,
Ministry of Mines has stressed the need to incentivize exploration & process R&D for
creating indigenous production capacities. To achieve this, a high level Steering
Committee has been constituted to look into the current availability of Rare Earths and
to suggest short, medium and long term strategies for exploration, production and
processing, to ensure long term availability of the raw material

WORLD SCEANARIO OF RARE EARTH ELEMENTS (REEs)
There is large amount of reserves of rare earths minerals in the world. China holds the
leading position among producers of the rare earths elements or lanthanide elements.
Rare earths are also produced in India, Russia, Kazakhstan, Kyrgyzstan, Thailand,
Malaysia, Russian Federation, Brazil, Canada, Vietnam, South Africa, Indonesia, Sri
Lanka, Mongolia, North Korea, Saudi Arabia, Turkey, Norway, Greece, Nigeria,
Kenya, Tanzania, Burundi, Madagascar, Mozambique and Egypt.
Most recently, it was discovered that Afghanistan may have large deposits of rare earth
metals, estimated to be worth US$89 billion. The rare earth deposits are on the south
bank of the Helmand River in southern Afghanistan.
Given the concerns over China‟ s flexing of its muscle on the international stage by
restricting Rare Earth exports, a wave of Mining projects are reviewed worldwide to tap
sizable deposits of Rare Earth. LynaCorporation‟s new mining operation in Australia
and Molycorop‟s plan to restart Mothballed Mountain Pass Mines is a step in this
direction. It has also encouraged further exploration and spurring more recycling of
Rare Earths.

The World production and reserves of Rare Earth Elements are given in table.
Table:2.1Rare Earth Elements – World Production and Reserves (2009)
INDIAN SCENARIO
In India, monazite is the principal source of rare earths and thorium. The mineral
monazite is a prescribed substance as per the notification under the Atomic Energy Act,
1962. AMD has been carrying out its resource evaluation for over five decades. It
occurs in association with other heavy minerals, such as ilmenite, rutile, zircon, etc. in
concentrations of 0.4 - 4.3% of total heavies in the beach and inland placer deposits of
the country. The resource estimates of monazite in the beach and inland placer deposits
have been enhanced from 7.90 million tonnes in 2002 to 10.21 million tonnes in 2005.
Country Mine
Production
(tonnes)
% of
production
Reserves
(million
tonnes)
% of Total
reserve
United States 0 (no rare earth
mining)
0 13.0 13
China 120000 97 >36.0 36
Russia (and
other CIS
countries)
small <1 19.0 19
Australia small 0 5.4 5
India 2700 2 3.1 3
Brazil 650 <1 small
Malaysia 380 - small
Other 270 - 22.0 22
Total 124000 >99.0

The state wise resources are given below:
All India 10.21
Andhra Pradesh 3.73
Bihar 0.22
Kerala 1.37
Orissa 1.82
Tamil Nadu 1.85
West Bengal 1.22
Table:2.2Resources of Monazite (In million tonnes)
Exploration & Development
Apart from Monazite sands, India has to look for rare earths from the primarysource
rocks. In India, concentration of REE in hard rock has been recorded in association
with carbonatites, syenites, albitites, granites, pegmatite, apatite and phosphorites and
carbonaceous schists. Geological Survey of India has carried out preliminary search for
REE in carbonatite in Koraput and Kalahandi districts of Orissa. Pegmatite and the
granite terrain have been covered in Bhilwara, Ajmer and Udaipur districts of
Rajasthan. Carbonatites of Tamilnadu, West Bengal, Meghalaya and Assam were also
sampled. So far, Bastnaesite has been reported in association with Carbonatite from
Puruliadistt,West Bengal and Monazite has been reported from Carbonatite occurrence
of Sung Valley (Meghalaya),Sevattur (Tamilnadu) and Samchampi (Assam).In addition
GSI has to examine all the data generated from the proterozoic and younger granites
andIron oxide-copper-gold (IOCG) type deposits and also their supergene/
lateriteprofiles. Proper evaluation of existing data and data generated from National
Geochemical Mapping Programme can also help in locating suitable target areas for
further search of REE. Field investigations carried out by AMD for rare metal
pegmatites in the last few years has led to the discovery of significant rare metal

pegmatites at Pandikimal, Jangapara, Bhurpidungri etc. in Jharsugudadistrict of Orissa
and Kawargaon, Bodenar, Metapal, Challanpara etc. in Bastar district of Chhattisgarh
apart from the known and established pegmatite fieldsof Bihar , Rajasthan and
Karnataka. These pegmatites were assessed and evaluated for their economic
exploitability and considerable tonnage wasproved with significant ROM grade. Some
of them viz., Pandikimal, Jangaparain Jharsuguda andBodenar in Bastar district are
under recovery for Columbite-Tantalite. Beryl i s also recovered as a by-product.
Columbite-Tantalite from Jharsuguda area, Orissa is niobium rich whereas those of
Bastar region, Chhattisgarh are tantalum rich. In Southern India, a survey by AMD has
resulted in locating new pegmatitic occurrences in Holenarispur and Nagmangala
Schist Belts of Karnataka. Similarly in Central India Bastar-Koraputpegmatitic belt
(BKPB) and pegmatites around Limboi in Sabarkantha Dist., Gujaratis rare metal
bearing. Marllagalla pegmatite in Nagamangla Schist Belts forms the single largest Nb-
Ta deposit containing economic grades of Ta2O5, which has produced substantial
tonnage of Columbite-Tantalite and Spodumene(lithium bearing mineral).Apart from
pegmatites, the granitic occurrences of Nb-Ta minerals near Kanigiri, Prakasamdistrict,
Andhra Pradesh was also located and evaluated. The carbonatite bodies of Tamilnadu
and Meghalaya were reassessed for their pyrochlorecontent. Samchampi Alkali
Complex in Mikir Hills of Assam is another potential area for Nb-Ta minerals. The
Niobium deposit at the SamchampiCarbonatite Complex, Assam, and India extends
over a considerable stretch. High content of Nb, La, Y and Zr have also been reported
for the first time in rhyolitic dykes associated with Deccan basalt from Alechhills,
Gujarat. The anomalous content in these rocks is due to the presence of xenotime,
ilmenorutile and monazite. The non pegmatitic resources for rare metals are low and
have problems of beneficiation which are being studied by AMD.
Key successes for the beach sand mineral industry are:-
 Increase the Ilmenite capacity to reach economic scale of production.
 Value addition project in minerals and rare earths compound.
 Initiate action to develop new mining areas.

 Forward integrate through stake in world leader in pigment Industry
likeTinfoss, DuPont or selling up a pigments plant.
 Explore other mining options in neighbouring countries.
Potential RE Markets
Table:2.3
End Use RE required Present Status Expected (2030)
Magnets for wind
turbines
Nd , Pr, Dy, Tb (high
strength magnets have
30 % RE)
12,000 MW of
wind ~ capacity
~ 50,000 MW
EV, Hybrid vehicles
(batteries, motor,
catalytic converter)
La (15 kg per car)
Nd (1 kg per car), Dy,
Tb, Ce
Negligible EV Perhaps up to 1
million vehicles
LED Y, Eu, Tb Negligible LED Being promoted by
government, could
reach ~ 1 million bulbs
Al, Steel, Mg
industry, grain
refinement
Ce, La , mischmetal Huge growth Rate
Screens brighteners
(cell phone,
computers, TV
screen)
Eu mostly imported Huge growing
market
Other magnets Pr, Sm, Gd mostly imported Computer hard
disks, microphones

CHAPTER 3
COMPANY PROFILE

COMPANY PROFILE
On August 18, 1950 Indian Rare Earths Limited (IREL) was incorporated as a private
limited company jointly owned by the govt. of India and Govt. of Travancore, Cochin
with the primary intention of taking up commercial scale processing of monazite sand
at its first unit namely Rare Earths Division (RED) Aluva and Kerala for the recovery
of thorium.
After becoming a full-fledged central govt. undertaking in 1963 under the
administrative control of Department of Atomic Energy (DAE), IREL took over a
number of private companies engaged in mining and separation of beach sand minerals
in southern part of the country and established two more divisions one at Chavara,
Kerala and other at Manavalakurichi(MK), Tamilnadu.
After a gap of 20 years IREL commissioned its largest division called Orissa Sand
Complex (OSCOM) at Chatrapur, Orissa. Today IREL operates these four units with
corporate office in Mumbai and produces/ sells six heavy minerals namely Ilmenite,
Rutile, Zircon, Monazite, Sillimanite and Garnet as well as various value added
products IREL is making profit for the last 6 years with its sales turnover reaching a
peak exceeding Rs: 2600 million in 2000-01, with export component of above Rs: 1000
million.
Chavara plant is engaged in the processing of beach deposits available on the coastal
belt of Neendakara- Kayamkulam
HISTORY OF THE ORGANISATION
IREL‟s history should not be narrated without mentioning the name of the Germen
chemist Mr. Herr Schomberg who has realised that the shining yellowish brown
particles sticking to coir, a coconut fiber shipped from India (1909) contained
Monazite.

This sparkled the discovery of vast deposit of monazite a rich source of rare earths a
group of elements with a wide variety of uses in industry and science. A few plants
were operating at Chavara and Manavalakurichi for the separation of monazite.
1948:- The govt. of India setup atomic energy commission under the chairmanship of
Dr: HomiBhabha. The export of Monazite was stopped and the possibility of setting up
a facility to process the beach sand mineral for the production of Rare Earths was
examined.
1950:- IREL was incorporated at Bombay
1951:- IREL become the full-fledged govt. undertaking under the Department of
Atomic Energy and commissioned construction of its rare earths plants at
Udyogamandal in Kerala.
1952:- Rare earth plant was dedicated to the nation on Dec 24 by the Jawaharlal Nehru.
1955:- Opening Thorium factory of Bombay.
1965:- Opening mineral division at Kollam in Kerala state with manufacturing facilities
at Chavara in Kerala and Manavalakurichi in Tamilnadu and a giant mineral sand
separation and synthetic Rutile plant at Chatrapur in Orissa.
VISION OF IREL
1. To be a leading supplier of beach sand minerals from Asia by supplying 10% of the
world demand for beach sand minerals over the next 7-10 years. It would be achieving
by maximum utilisation of existing capacities, new capacity addition, capturing major
portion of the incremental growth in the global TiO2 feedstock demand and by
developing competitive value added Rutile, Zircon, Sillimanite and Garnet products
that make handsome contribution to revenue and profits.
2. To become the preferred rare earths products supplier (Producer and/ or Marketer)
for domestic customers to ensure long term sentences and profitability of rare earths

business and to achieve adequate efficiency in monazite processing as long as it is
necessary / worthwhile.
MISSION OF IREL
1. To harness beach sands in an environmentally and socially responsible manner for
efficiently producing minerals and their traditional and innovative value added products
of world class quality that are used to make increasingly superior/ novel products
required by customers.
2. To play a dominant role in developing domestic rare earths market by producing and/
or marketing the quality value added products to realise maximum potential or rare
earths in a range of applications.
3. To build a professional, creative and committed workforce and nurture an
environment that fosters learning, sharing and development.
OBJECTIVES OF IREL
 To become nationally and globally competitive player in beach sand minerals.
 To improve productivity, capacity utilization and cost effectiveness.
 To maximise shareholders value.
 To strive for optimum value addition through obtaining technology for
improving international market share and growth in domestic market.
 To undertake by itself or through independent expert agencies , investigation
into new products as well as beach sand erosion and related phenomena of
company‟s operation.
 To evolve and implement eco-friendly policies, programmes and projects within
the AERD regulation.
 To develop the human resources of the company by optimising their number,
capabilities and quality of life
 To strengthen R&D for achieving the above mentioned objectives

QUALITY POLICY
IREL is committed to provide products of consistent quality to their satisfaction of the
customers through Quality Management Systems (QMS) implementation.
TECHNICAL EXCELLENCE
IREL uses state of art technology in mining and mineral processing. The rich
experience and professional expertise of people who are one among the best in the
industry and strict compliances to quality standards has enabled IREL to remain as the
leading supplier of heavy minerals to the nation and abroad. IREL is always been
driven by innovation and sound manufacturing practices, be it in product, technology or
process.

CHAPTER 4
PRODUCT PROFILE

PRODUCT PROFILE
Product means to the goods and services combination the company offers to the
target market.
Product Specification Specific
Gravity
Density Packaging
Ilmenite TiO2 - 58% 4.45- 4.54 2600- 2630 In bulk HLP bags
with Polithine liner
Rutile Q Grade TiO2 - 95% 4.18-4.24 2630-2650 In bulk 50kg HLP
bags with Polithine
liner
Zircon Special
Grade
ZrO2 - 58% 4.60-4.70 2900-3000 In bulk 50kg HLP
bags with Politine
liner
Sillimanite Q
Grade
Al2O3 3.20-3.25 1950-2050 50kg jute bags
Zirflour ZrO2- 64% - 1800-1850 50kg laminated
HLP bags with
Polithine liner
Microzir ZrO2- 63.5% - - Liner 20kg
laminated Polithine
bags
Table:4.1

Products Uses
Ilmenite Manufacturing of TiO2 pigment synthetic
Rutile and Titanium slag
Rutile Fluxes for welding electrodes
Zircon sand Ceramics, Refractories and foundries.
Zircon Flour Ceramics and foundries.
Microzir Pacifier in Ceramics
Sillimanite Refractories
Garnet Abrasive for sand blasting, water jet
cutting and glass polishing.
Monazite Raw material for production of Rare earth
Component
Composite RE Chloride Catalyst, Paint driers, basic raw material
for Misc. metal which used as lighter
frint& mantles.
Thorium Nitrate Gas Mantles
TABLE:4.2

CHAPTER 5
CUSTOMER PROFILE

CUSTOMER PROFILE
Prime customers of the major products of the company are the following:-
A. ILLMENITE:-
1 KOCHIN MINERALS AND RUTILE LTD. KOCHI.
2 DCW LTD. TUTICORN.
3 TRAVANCORE TITANIUM PRODUCTS LTD.
4 KILBURN CHEMICALS LTD. TUTICORN.
5 KOLMAK CHEMICALS LTD. KOLKOTA.
B. RUTILE:-
1 ESAB INDIA LTD, CHENNAI/ KHARDAH.
2 ADOR WELDING LTD., MUMBAI/CHENNAI.
3 D & H SECHERON ELECTRONICS (I) LTD., INDORE
4 MARUTHI WELD LTD., GURGAON.
5 ROYAL ARC ELECTRODES PVT. LTD.VASAI, THANNE DIST.
C. ZIRCON:-
1. THIRUPATHI MICROTECH (P) LTD., UDAIPUR.
2. RUBY CERAMICS PVT LTD., PUNE.
3. ASTRON CERA, SALAL DIST, SABARKANTHA.
4. JOHNSON MATTHAEY CERAMICS INDIA LTD, HOSUR, TN
5. FOUR FIELD, PUNE.
D. ZIRFLOUR:-
1. FOSECO INDIA LTD., PUNE.
2. VIDEOCON NARMADA GLASS, BHARUCH.
3. H & R JOHNSON (I) LTD., MUMBAI.
4. NAHAR COLOUR & COATING LTD., UDAIPUR
5. BHANU CERGLAZE P.LTD.

E. SILLIMANITE:-
1. MAITHAN CERAMICS PVT. LTD., CHIRKUNDA, JHARKHAND
2. MANISHRI REFRACTORIES, CUTTACK.
3. ASSOCIATED CERAMICS, CHIRKUNDA, JHARKHAND.
4. TATA REFRACTORIES, BELPAHAR, ORISSA.
5. ASSOCIATED CEMENT COMPANIES LTD., NAGPUR/KATNI.
F. RARE EARTHS CHLORIDE:-
1. CIBA SPECIALITY CHEMICALS, UDYOG NAGAR, GUJRAT.
2. DHIRAJ INTERMEDIARIES P LTD., VAPI, GUJRAT.
3. RAVESHIA PIGMENTS LTD., VAPI, GUJRAT.
4. ANUPAM COLOURS, VAPI, GUJRAT.
5. BERGER PAINTS INDIA LTD., VAPI, GUJRAT.
G. THORIUM NITATE:-
1. FARGO MANTLE PRODUCTS LTD., MUMBAI.
2. MAKANI PRODUCTS LTD., MUMBAI.
3. B.K SHAW INDUSTRIES (P) LTD., KOLKATA.
4. A.D.C MANTLE MANUFACTURING CO., MUMBAI.
5. ELITE INDUSTRIES, MUMBAI.

CHAPTER 6
FUNCTIONAL AREAS

DEPARTMENTS
I. HUMAN RESOURCE DEPARTMENT:-
IREL Chavara takes place it‟s highly motivated and trained human resource that has
maximised its performance and their by its growth and profit. Morale of the employees
remains facilitating smooth working of the company. Skill requirement related to
different disciplines are identified and training programs and workshops are efficiency
of the human resource.
Fig:6.1
HR department lead by HOD & Section Head to assist him. The Security Department
and Time Office are working under the HOD of HR Department.Executives &
Personnels are working under section head of HRM.People are the most important
resources of an organization.
The main functions of HR Department are:-
1. Administration
2. Industrial Relations
3. Training and Employee Welfare
4. Time Management
1. ADMINISTRATION
The administrative functions of HR department include
a) Manpower planning
b) Recruitment policy
HOD(HRM)
SECTION HEAD(HRM)
HRM Executives
HRM Personnel

c) Performance appraisal
d) Salary and wages administration
e) Industrial discipline
f) Maintaining service book and personnel file
g) Maintaining reservation register
a) Manpower Planning:-
Manpower Planning is important for any type of organisation. It is the process which
determines how an organisation should move from its current manpower position to its
desired manpower position. For this purpose, the HR department at IRE collects
feedback from all department inorder to identify their manpower requirements of
various departments and then the HR department crosscheck whether there is any
overstaffing in any of the departments. If these departments have excess of staff, they
are transferred to those departments where there is a shortage.
The company considers the number of employees presently as significantly high.
There is a problem that sometime the VRS can lead to scarcity to workers for
particular job. At IREL using the process of multitasking the employees are made fit
to work in other function also. By the VRS scheme more than 100 employees have
been sent out within span of 3 years.

Manpower of the company
There are 386 employees in the company. Total executives are 102 and workmen are
284.The number of contract workers are 632.
Details showed as below.
Manpower strength
MALE FEMALE TOTAL
EXECUTIVES 86 16 102
WORKMEN 260 24 284
TOTAL 346 40 386
Table:6.1
CONTRACT WORKERS
LOADING 35
CIVIL 42
MINING 120
BAGGING 110
CANTEEN 12
TOTAL 319
Table:6.2
b) Recruitment policy:-
Recruitment in Chavara Plant is done through local employment exchange for find out
prospective workers. The office staffs and managers are recruited by the Head Office
through tests and Interviews.
Recruitment Criteria
For the recruitment of candidates, the candidates should be above 18 years of age.

The following steps are taken before the recruitment of employees. They are govt.
guidelines, the recruitment only through employment exchange, notification in internet
and advertisement in newspaper should be needed. Application will be scrutinised with
the help of a selection committee and eligible candidates are called for an interview.
Selection:-
The steps followed in the selection process are;
1. Inviting and receiving applications
2. Scrutinizing the applications
3. Selection Test: - The selection tests of employees are
a) Aptitude Test
b) Personality Test
c) Achievement Test
d) Trade Test
Appointment will be based on certain criteria‟s like they are medically tested after that
induction training should be given. After training for a period of one year or more they
will be put as permanent employees.
c) Performance Appraisal:-
Appraisal is the evaluation of work quality or merit. In the case of IRE performance
appraisal is a systematic evaluation of employees by supervisors or other familiar with
their performance.
1) Straight ranking method:-
Under this method men as a whole are compares from other men and ranked on the
basis of overall performance.
2) Grading method:-
Under this method certain categories of work such as excellent, very good, average,
poor, very poor are established and defined actual performance of each employee then
compared with the grade definitions and ranked to evaluate the performance of the
employees. Last grade employees that are 8th
& 9th
grade, their work performance have
been observed by supervisors. But in the case of executives MBO‟s are observed their

performance and efficiency.
In IRE performance appraisal is done on a yearly basis to assess the performance of the
employees. The appraisal is done by three persons.
1. Reporting Officer.
2. Reviewing Officer.
3. Evaluating Officer.
Firstly the employees themselves do an appraisal and this is given to the reporting
officer and the person who has done the Key Appraisal together identifies the Key
Result Areas and weightage is allotted to each one of them. This is usually done at the
beginning of the year. The reporting officer checks whether the result areas set where
met by the appraisal or if there any deviation from it. And this is to be sent to reviewing
officer and then evaluating officer. Various other factors such as the appraiser‟s
managerial skills like job knowledge, interpersonal skills are also included and guided
and that is allotted in the appraisal and there promotion is based solely seniority.
Promotion:
In IREL promotion is given seniority based or based on
experience. Promotion is a transfer of an employee to a job that pay more money or that
enjoys some preferred status. Sometimes the company is considering the length of the
service, education, training courses completed, previous work history etc. Sometimes
the company is also considered ability, hard work, co-operation, honesty etc.
Condition for getting Promotion:-
1. Average leave should not exist more than 15 days.
2. Any disciplinary actions should not be taken during the service of periods.
3. Should not apply for job in any other organisation.
d) Salary and Wages Administration:-
Wages in the widest sense means any economic compensation paid by the employer under
some contract to his workers for the service rendered by them.
Acts Followed:
1. Workmen Compensation Act 1923 Sec 2(m).

2. Payment of Wages Act 1936 Sec 2 (VI)
3. Payment of Wages Act 1948
PAY SCALE
The monthly remuneration received by each of the employees including system of
compensation.
FOR WORKMEN
Scale of Pay:-
Grade Scale of Pay
W - I Rs: 8340-23470
W - II Rs: 8440-23750
W - III Rs: 8550-24060
W - VI Rs: 8670-24400
W - V Rs: 8800-24770
W - VI Rs: 8940-25160
W - VII Rs: 9090-25580
W - VIII Rs: 9250-26030
W - XI Rs: 9420-28968
Table:6.3
FOR OFFICERS
code Designation Pay Scale
E-0 Deputy Officer 12600-32500
E-1 Officer 16400-40500
E-2 Senior Officer 20600-46500
E-3 Deputy Manager 24900-50500
E-4 Manager 29100-54500
E-5 Senior Manager 32900-58000
E-6 Deputy General Manager 36600-62000
E-7 General Manager 43200-66000
E-8 Chief General Manager 51300-73000

e) Industrial Discipline:-
Disciplinary actions are taken in the HR department. Procedure for disciplinary actions
is on receiving a complaint about a particular employee, explanation is asked.
Employee will give an explanation before 15 days. If the explanation is not satisfactory
he will be given a charge sheet and will also conduct a domestic enquiry. For this
purpose an enquiry officer is placed. After conducting the enquiry the report should be
sent to the disciplinary committee and if necessary certain punishment may also give.
2. INDUSTRIAL RELATION
Most of the disputes will be settled by the company and trade unions. If it is not
cleared, they can approach to the government. The Trade Unions active in IRE are:-
1. United Trade Union Congress (UTUC)
2. Indian National Trade Union Congress (INTUC)
3. All India Trade Union Congress (AITUC)
4. Travancore Mineral Workers Union (UTUC (B))
5. Indian Employees Rare Earth Federation (CITU)
6. Indian Rare Earth Mazdoor (BMS)
These are the recognised unions. There are some criteria for recognizing a union; the union
will have 15% of employees as their members. Also some participative forum is present;
they are plants committee, safety committee and House building committee. These
committees will have the equal participation.
3. TRAINING & EMPLOYEE WELFARE
Training and Development:-
“Training is the act of increasing the knowledge and skills of an employee for during a
particular job”. Indian Rare Earth Ltd adopted various techniques of training for
increasing the mass productivity. The training program is restructured regularly in IRE.
The objective of training and development in IRE

1. Increase the efficiency
2. Increase the moral of the people
3. Reduce the absenteeism
Procedure for Training
1. Identifying the training needs.
The company identifies the training needs through 3 ways: -
a. Organisation Analysis
b.Task Analysis
c. Man Analysis
2 Executives themselves will discuss the training needs
3 Charting out the training plan for a period
4 Based on feedback individual training is given
Training Methods
IRE has mainly four types of training methods.
1. In-house Training
2. External Training
3. Vocational raining
4. First Aid Training
The training method can be grouped on the basis of level of personnel in the
organisation.
1. In-house Training: - Otherwise known as on the job training. In this method
expert from outside come to the organisation and give training.
2. External Training: - Also known as off job training is given outside the
organisation.
3. Vocational Training: - At least 20% of the employees should be trained every
year.
4. First Aid Training: - 30 people in one batch and give them training.

Employees Welfare:-
Two types of employee‟s welfare are present in IREL. They are;
1. Statutory welfare and
2. Non Statutory Welfare
Gratuity, Provident Fund, Pension, Canteen, Medical Allowance is included in the statutory
welfare. Festival Allowance, LTC, Recreation, Tour Facilities are included in the no
statutory welfare. Also the IREL give some kind of allowances. They are;
Shift Allowance
For employees working in shifts expect general shifts will get anallowance as
follows
1
st
Shift (6 am to 2 pm) -Rs: 25/day
2
nd
Shift (2 pm to 10 pm) -Rs: 15/day
3rd Shift (10 pm to 6 am) -Rs: 35/day
Hard Shift Allowance
Since the plant handles sand for its production, it creates a dust in the atmosphere.
Considering this hardship in work every employees of Chavara plant gets Rs: 135/-month
as hardship allowance.
Uniform Allowance
Every employee is provided with two pairs of uniform in every year. Rs: 100/ month as
washing allowances is granted for all employees.
Transportation Allowance
Every employee (except officers) gets Rs: 1200/- per month as conveyance allowance.
Officers will get 10% of their basic pay as their Transportation Allowance.
Canteen
A round the clock canteen is provided for the employees. Company will charge Rs: 6/day
from each employee. The canteen is under the control of company.
Attendance Bonus
To increase attendance in the company gives annual bonus of 12 days wages for every
employee who have minimum 268 days presents.

Production Incentives
Every employee gets an amount of Rs: 525/ year as Production Incentive from the profit.
Leave facilities available in IRE
Casual Leave - 15 days/ year
Sick Leave - 10/year (workers)
10 full/20 half (Officers)
Earned Leave - 33 days (It can be maximum of 240 days)
Surrender Leave - Each employee can surrender maximum 90
Days/year or 75% of earned leave.
Other Benefits
 750 ml milk/ day 4
 pears soap/month
 One Turkey or Towel/year
 Shoes (1 pair)/ year
 One Umbrella/year
 House loan up to 7.5 Lakhs
 Medical Facilities
 Educational Allowances to workers children
 Festival Allowance
 Group Insurance Scheme
 Holiday Facility Leave Travel Concession
(LTC)
4. TIME OFFICE
There is a full-fledged office headed by Deputy administrative officer. It follows a punch
card system. Different allowances of employees are given and it is mainly depend on
attendance. It is providing according to the report from the time office. The time office is
working under the HRM department. The main function of this department is to maintain
attendance records, leave and service records etc. The various allowances, attendance

bonus all these records are maintained by the time office department. Also yearly
attendance bonus is given to the employees.
Attendance of 265 days/ year -12 day‟s salary
Structure of the time office as follows;
Fig:6.1.1
For recording attendance punching system followed here. The attendance register usually
keep in time office. The time office collects attendance from concerned authority also and
match with the punching system and avoiding swapping. Time office has three centers for
punching in convenience of employees. In mining area, in dredging plant also keep
mechanical punching machine. For the purpose of salaries the time office is sending the
records to the finance department. If the finance department asks for any clarification they
will do it.
HOD(HRM)
SECTION HEAD(TIME OFFICE)
TIME OFFICE(PERSONNEL)

TRANSFER POLICIES OF IREL, CHAVARA
Transfer is the movement of an employee from one job to another without involving
any substantial change in his duties, responsibilities. The company is following 4
methods.
1. Production Transfer:-
When a particular department or job is faced with the pressure of works, its strength
may supplement through from other departments. Such transfers are generally made
where any department is overstaffed and other is short of manpower.
2. Replacement Transfer:-
A replacement transfer is the transfer of a senior employee to replace with a junior
employee or new one.
3. Shift Transfer:-
When units in shifts,employees are transferred from oneshift to another on similar job.
4. Department Transfer:-
Transfer from one department to another within the plant or within the organisation.

MINING DEPARTMENT
In IRE the raw materials for production process are collected through mining process.
The production process starts with the collection of beach sand from various places. For
collecting this beach sand IRE uses the following two methods: Sea Washing and
Dredging.
SEA WASHING
Raw sand is collected from sites where deposits are occurred due to natural beach
washing. Presently IRE owns two sites one at Vellanathuruthu/Ponmana and one at 132
mining area. There is a heavy mineral deposit over a length of 22.5 Km. They are found
over or coastal belt having an average width of 800 meters. The sea waves deposits the
minerals sand on the beach line and it is collected. Then it is send to the mineral
separation plant.
DREDGING
The plant DWUP used for the mechanised recovery of minerals from the beach sand.
The DWUP consist of a floating dredging plant operating hydraulically and electrically
which could be moved from one place to another based on the requirement. The plant is
floating in an area having a water depth of 6 meters. The sand along with water in the
form of slurry (a mixture of sand and water) is pumped to the heavy Upgradation
equipments. The equipment consist of a series of transfer bin rotating screens called
Trommer, Spiral Separators, Hydro cyclones, pumps etc all being electrically operated.
The DWUP can dredge about 40 to 60 tons per hour. The raw sand having an average
at 40% heavy minerals is fed to the floating plant and updates it to 85 to 90% mineral
content. The waste sand (Quarts) from DWUP is usedfor backfill the dredged area.

DEPARTMENT STRUCTURE – MINING
Fig:6.2

PRODUCTION DEPARTMENT
The act of making goods and services is called production. In everyday speech
„Production‟ refers to the act of creating something production involves the physical
conversion of raw materials into tangible goods.
In IRE raw sand is collected through mining process .The sand is filtered through
spirals, cones and jigs to produce a bulk concentration of heavy drying, screening,
electromagnetic and electrostatic processes and used for separation. Minerals found in
coastal areas are collected either manually or mechanical means, productions starts
from the mining process.
DEPARTMENT STRUCTURE – PRODUCTION
Fig:6.3

MINING PROCESS
The mining and processing of beach sand are achieved with a good mixture of modern
mechanical devices and manual labour. Beach sand is collected from the surface of a
depth of a meter with the help of dredgers. For a processing of beach sands, the
difference in electric conductivity, magnetic susceptibility and specific gravity of their
constituents are taken into consideration. The beach sand is treated by well gravity
methods using spiral, cones and jigs to produce minerals.
IRE collects raw sand in two different ways:
1. Sea washing or beach washing
2. Mechanical dredging
MINERAL RECOVERY PLANT
The mineral recovery plant consists of a floating dredging plant which
could be moved from one area to another. This is called floating mineral recovery plant.
The plant is placed in an area which has a water depth of 9 meters. The sand along with
water is sucked into the main unit. First the mixture is send to a storage tank called
Trammel. Then it is sending for separation. The waste sand and some quantity of water
is pumped out. The mineral content is pumped from the MRP to concentrate
Upgradation plant. The MRP dredges about 40-60 tones per shift.
CONCENTRATE UPGRADING PLANT (CUP)
The raw sand collected from different sources had different composition. They are
further upgraded using the CUP. In the Concentrate Upgrading Plant enriches the
concentrate from various sources to above 90% heavy minerals using spiral separators
making use of gravity techniques.
MINERAL SEPARATION PLANT (MSP)
In the mineral separation plant individual minerals are separated making use of the
following four properties of the minerals namely

1) Electrical conductivity
Electrostatic separation is used in electrical conductivity.
2) Magnetic Susceptibility
High and low intensity magnetic separators used.
3) Density Difference
Floater separation
4) Surface Property
Froth floatation.
The concentrate from concentrate upgrading plant (CUP) having uniform composition
with above 90% heavy minerals content is dried using Fluidised Bed Drier (FBD). This
is then subjected to electrostatic separation using different type of electrostatic
separators. There by it is separated into two fractions namely conducting and non-
conducting fractions.
PRODUCTION CAPACITY OF CHAVARA PLANT
Ilmenite 200000 tones
Rutile 114500 tones
Zircon 11750 tones
Sillimanite 10000 tones
Zir flour & Microzir 6000,300 tones
Table:6.4

ILMENITE: - Mainly used in the manufacture of Titanium dioxide, a white pigment
by sulphate process also used in the production of synthetic Rutile and for the
production of Ferro Titanium products.
RUTILE: - Rutile used for coating of welding electrodes and also for the production
of Titanium dioxide pigment by the chloride process and for the production of Titanium
Tetra Chloride for the production of Titanium metal and sponge.
SILLIMANITE: - Sillimanite mainly used in the manufacture of high temperature
refractory. It is also used in ceramic industry.
ZIRCON: - Zircon is used in foundries, ceramics and refractory. It is also used in the
manufacture of zirconium chemicals, metals, alloys etc.
ZIRCON FLOUR: - Zircon flour is used in foundries for high temperature castings.
MONAZITE: - Monazite is used for the production of Thorium and rare earth‟s base
products.

PRODUCTION PROCESS
Fig:6.4

QUALITY CONTROL DEPARTMENT
IREL Chavara has got ISO 9001: 2000 Quality Systems established for mining,
manufacturing and mineral products.
One of the primary functions of the quality control department is to ensure quality
products according to customer requirements. They harness beach sand in
environmentally responsible manner to produce minerals and innovative value added
products, which are used to make novel products required by customers.
Secondly, they are responsible for maintaining consistant quality of products to the
satisfaction of the customers through quality management system implementation.
They also aim at further improvement of product, technology or process.
The quality control department is also responsible for maintaining consistency in
quality of raw materials during the processing, intermediate and finished product
stages. They make use of chemical and mineralogical testing methods in each stage.
In addition to these functions this department also conducts research and
development activities to support flow shed development work and for solution to
process related problems.

DEPARTMENT STRUCTURE – QUALITY CONTROL
Fig:6.5
FUNCTIONS
 To ensure that raw materials, in process and finished products confirms to
specified requirements holding compliance with environment , health and
safety requirements.
 Ensuring compliance to health, safety and environmental requirements.
INSPECTION AND TESTING PROCESS DETAILS
Raw Sand:-
1) The DWUP and HUP output and tailing are tested for total heavy mineral content
as detailed in quality plan
2) The raw sand feed to the QIL plant ie the dried HUP output is analysed as per
quality plan.
3) The raw sand being naturally occurring, the specifications are only desirable
values. The variations in quality of raw sand do not affect the quality of final
products. So no reduction of raw sand is resorted to, even if the analysis results are
not as for the quality plan.
HOD(QC)
SH(Q C)
Q C EXECUTIVCES
Q C EXECUTIVES

4) These tests are carried out only to make proper adjustments of the process
parameters to set the final product of specified quality.
In-Process Inspection
In-process inspection of certain intermediate fraction as detailed in the quality plan is
carried out as per quality plan. These process fractions are not rejectedeven if the analysis
results do not confirm the desireable specifications. The inspection is only for subsequent
adjustments in the process parameters.
Finished Products:-
1) The products under tests are identified by a yellow board indicating the date, shift
and number of bags. Those products passed the tests are identified by a green board
indicating date, shift and number of bags and rejected are identified as red board
indicating “FOR REWORK”.
2) Inspection and testing of finished products are carried out and records in the
respective record as per quality plan. Only products confirming to the quality as
detailed in the respective quality plan are taken in to stock. Rejected products are
maintained with authorisation of HOD (Q.C). Inspection and test record clearly
indicate whether the product is accepted or rejected.

STORES AND DESPATCH DEPARTMENT
The stores act as a store and supply chain, keeping inventory of the product
produced on the hand and supplying requisite raw materials to the manifold
department on the other hand.
All the items in6 the IRE properly stored by this function area, including finished product
inventory. It stores furnace oil, machine parts, office equipment and stationary etc.
DEPARTMENT STRUCTURE – STORES & DESPATCH
Fig:6.6
Stores fall under two categories
1. Capital Items
2. Consumable Items
Capital items, which give return for long term revenue items or a consumable item
means that which are consumable only for a short period.
HOD(S&D)
SH(S&D)
S&D EXECUTIVCES
S&D EXECUTIVES

Procurement of items of capital nature is to be made only after the approval by the
competent authority duly verified by internal auditors with prior conclusion in the
capital budget.
Stores action is responsible for arranging procurement of all items or purchase
requisitions shall from the basis for arranging procurement or other departments,
complete in all respects and duly approved by the controlled authority. Stores are
purchased indigenously and from foreign suppliers through the adoption it secure the
most competitive tendering system is adopted to secure the most competitive tendering,
the most competitive rates and eliminate chance of favour.
The worth of production in the plant is currently between 6-7 Crores. Once in every 3
months inventory statistics is prepared and send to the head office in Mumbai. Stores
follow Bin card and Cardex System. This department has three major functions as
follows.
RECEIPT:
The consignment items are properly verified with the receipts and requested the
particular department to made inspection on each items.
STORAGE:
The received items are stored in proper locations and preserve them until the issue.
Each item has its own Bin card. The quantity received, material issued, total remaining
are noted in the Bin cards.
ISSUE:-
The issue made in first in first out method. After the receipt of the material
internal note from the department, the issues are made and same is recorded in the Bin
card.
INVENTORY CONTROLE
Under the stores department the inventory control function is done. If excess stock is
obtained, it is properly informed to the marketing department to promote sales and if
any shortage obtained it is properly informed to production department to increase the

production. Usually ABC inventory control methods is adopted in IRE Chavara for
control of inventories. The principle types of inventories are:
 Raw Material & Supply
 Goods in Progress that is work in progress Finished Goods
For reduction of inventories four steps are taken in the Stores and Despatch
Department. They are doing computerization, codification, standardization and value
addition. All the process in stores departments are computerised and inventory
management software is used for this purpose. Coding is given to all inventories. For
this, alphanumerical code is used. Material coding is help to realise what kind of
inventories are stored. And location coding helps to find out where it is stored. By the
use of standardisation, physical verification of inventories are to be done and to be
check whether the invoice number and purchase order are equal.
DESPATCH SECTION
Despatch Section controls the transportation of the finished products o the outside
company. When a customer made a complete settlement of money for purchasing of a
particular product from the company the marketing department placed a delivery order
to the despatch department. The despatch department then prepares an invoice and gave
a copy to the customer. This department also prepares gate pass and state government
declaration sheet.

INTERNAL AUDIT DEPARTMENT
Chief General Manager is directly looking after the functioning of Internal Audit
Department. Manager (Internal Audit) is the head of the department. There are internal
audit officers and administrative officers other than accountants and clerks working in this
department.
Internal audit department is not regular department in many of the companies. But in IREL
this department is holding special privilege of auditing in to every accounting matters of
IREL. It is functioning in accordance with finance department. It is necessary to get audit
approved from internal audit department for the finalisation of anything concerned to
accounts. The company management is approving all other accounts in the
recommendation of this department.
DEPARTMENT STRUCTURE – INTERNAL AUDIT
Fig:6.7
FUNCTIONS
 Auditing all the financial transactions of the company.
 Taking corrective measures to rectify audit objections.
 Making report to Chief General Manager and Board of Directors.
 Make sure that every deeds of finance department is in accordance with the
accounting policies of the companies.
 To participate in the functioning of store purchase committee.
 To check the legal validity of the financial matters of projects committed by IRE
Ltd.
MANAGER
INTERNAL AUDIT OFFICER
PERSONNEL

All the relevant policies of the company are as the basic policies of this department.
Internal Audit Department is auditing the accounts quarterly and sending report to Chief
General Manager regularly.
RESEARCH & DEVELOPMENT DEPARTMENT
The company has a well-equipped Research and Development facilities to support flow
sheet development works and for solutions to process related problems. The laboratory is
equipped with lab models of Magnetic Separator, High Tension Separators, Wet Shaking
Tables and Froth Floatation Equipment etc.
DEPARTMENT STRUCTURE – RESEARCH & DEVELOPMENT
Fig:6.8
FUNCTIONS
 New product development.
 New compound development.
 Selection & Evaluation of alternative method.
 Testing of new products.
 To analysis and assist plants in problem solving.
 Ensure quality of raw materials and finished products.
 Maintain Quality.
 Research & Development attempts.

PROJECT & MAINTANANCE DEPARTMENT
This section is looking after the projects and maintenance of technological aspects of
affairs of the company. This is a section in which mechanical experts are working on
different projects. This section takes over the responsibility of various projects taken up
by IRE Ltd management. They are making efforts to expand the area of performance of
the company.
FUNCTIONS
 To carry out preventive Maintenance to ensure continuous capability and to
attend breakdown maintenance if any.
 Projects on mining area of IREL.
 Projects on technological development.
 Project on quality assurance.
DEPARTMENT STRUCTURE – PROJECT & MAINTANANCE DEPARTMENT
Fig:6.9

MARKETING & SALES DEPARTMENT
Marketing is a social process by which individuals and groups obtain what they need
and wants through creating, offering and freely exchanging products and services of
value with others. It is the art of selling products. Marketing department is functioning
under the control of General Manager of marketing department.
Marketing occupies an important position in the organisation of any business unit.
Marketing functions are not limited to the function of buying and selling but storage,
risk bearing and after sales services etc. marketing is a vital connection link between
the producer and customer.
The marketing section in the IRE is under the direct control of chief General Manager
and this section is headed by the deputy General Manager in his job. The marketing
activities in the company are indirectly linked with the sales section.
IRE has the monopoly in the field of rare earth products. IRE Ltd, Chavara is
engaged in the production of minerals such as Illuminate, Rutile, Zircon, Sillimanite,
and Brown Illuminate from naturally available beach sand products. It also produces
value added products like Zirflour, Microzir. On specific requirements of customers the
company also supplies Sillimanite powder by subcontracting. Among these Illuminate,
Rutile, Zircon, Brown Illuminate are categorized as “Scheduled Minerals” for which
the customer is required to obtain license from the Department of Atomic Energy
(DAE) Mumbai for their purchase.
Off late, more stress was given as the marketing activities of IRE, by the
company, because of competition, which is growing in the international market and
also in Indian market. A new era has been put up in the company for this purpose.
The bye products of IRE are Zirflour and Monazite. They are mainly purchase by the
Kundara ceramics for the manufacturing of ceramics. The main customers of IRE are
the Government of India and other private company. The main foreign customers are
USA, Canada, UK, France, West Germany, Japan etc.

OBJECTIVES OF MARKETING DEPARTMENT
 Maximum turnover Maximum profit
 Maximum customer satisfaction
 Maximum customer relationship
The chief General Manager of IRE is having the control of topmost level in marketing
department of this unit. There are four superintendents and a clerk engaged in the sales
department. IRE Ltd is working under the administrative control of Department of
Atomic Energy. The head office does the pricing of products. The customers of IRE
Ltd are mainly heavy industries like plant, glass, refineries, ceramics etc for bulk
purchases customer and provided discount.
SALES AND DISTRIBUTION SYSTEM
Here the organisation has been enjoying monopoly. That‟s the reason why they don‟t want
to make a distribution network. Direct selling is the main system of organisation. The
customer primarily pays the full amount as demand draft (DD) in advance and then the
company gives the products.
For domestic sales, order are received as
 Through head office
 Directly from the customers
 Transferred from the units of IRE
All (except Zirflour, Microzir and Sillimanite powder) are dispatched against permits
obtained after payment of prescribed royalty by IRE in advance to the department if
mining and geology, government of Kerala.
Starting with general condition for sales, majority of the customers place orders
directly with Chavara. Sometimes head office also fixes quota customers wise if
necessary, for the supply of minerals and intimates time to time. If all the formalities
are completed delivery instructions are given by the sales department to stores for
delivery of the materials to the customers.
Exporting
Exporting contract between the seller (IRE) and the buyer (customer) is finalized at
the head office and intimates Chavara regarding the export contract along with the

copies of agreement, purchase order, proposed loading schedule and many other
specific instructions for the execution of the order. Chavara sends samples and product
specification to the customer if required by head office/ buyer.
Exporting carried out through Neendakara but now its through Cochin port (Bagged
Cargo only) shipment through Cochin port is done by C&S agents appointed by seller.
Pricing
Pricing is a very crucial decision in marketing management. The objective of the firm
is to get maximum profit. This depends upon the correct decision in pricing. Pricing
refers to the process of fixing the price (money value) of a product or service; pricing is
an important function in marketing because it determines the sales volume and the
amount of profit. A product is acceptable to the customer when it is reasonable priced.
A sound pricing policy helps to satisfy customers and to yield profit. Determination of
price is influenced by large number of factors such as cost of production, degree of
competition, nature of the product, pricing objectives and policies of the firm etc.
Samples to the customers
Samples are sending to the customers on their request or as per the instructions from the
head office for their evaluation of sustainability for their requirements. Free samples are
send to the customers as per the following procedures.
Up to 500 Gms: head of the department (marketing) intimates section head (QC) to
preparesamples of required quantity along with the gate pass.
501 Gms to 1 kg: head of the department (marketing) prior approval from the unit head
andfollows the above procedures.
Above 1 kg: head office approval with information to unit head and follows the above
procedure.
The sales department maintains the following records
 Contract review checklist for domestic sale
 Government of Kerala department of mining and geology and advance
remittance and corresponding permit register.

 Quotations
 Performa invoice
 Payment registers
 DAE license register
 Priority registers
 Delivery registers
 Sales register
 Shipping register
 Daily statement of production , sales and dispatch
 Quarterly statement regarding export
 Monthly report to cabinet
 Production, sale and stock of minerals (monthly)
 Performa for submitting quarterly export performance to federation of Indian
exportOrganization
 COB license
 Bank receipt voucher
 Cash receipts
 DD register
 Gate pass

FINANCE DEPARTMENT
Business finance is concerned with the acquisition and utilization of funds required to
meet the financial needs of a business enterprise. Financing is the process of planning,
acquiring, utilizing and controlling the funds used in any kind of business. Finance is
the life blood of business. Every enterprise or company requires finance to start the
work and grow.
A company generally requires large amount of capital. A public company can raise huge
capital through issue of shares. In addition to share capital it can utilize retained profit in
the form of reserves. It can raise borrowed capital through denture and loans. Long term
loans can be obtained from financial institutions. Short term loans are available from
commercial banks.
DEPARTMENT STRUCTURE – FINANCE
Fig:6.10
SOURCES OF A COMPANY
 On the basis of time.
 On the basis of purpose or use.
 On the basis of source of finance.
 On the basis of risk.
Finance refers to money, cash or hand available for the operation of business. Finance
may do defined as the requirement of funds wanted. It is the life blood of business
activity. The business pulsates with life only through finance. Finance refers to money,
HOD(FINANCE)
SH(FINANCE)
FINANCE EXECUTIVCES
FINANCE EXECUTIVES

cash or hand available for the operation of business. Financial management will include
planning, organising, directing and controlling.
The main functions of this department are:-
 To collect all the receipts and make all the payments.
 To record all the transactions and prepare the final accounts.
 Maintain the accounts as per the provisions of the section 20(g) of the Companies
Act 1956.
 Provide depreciation at the rate prescribed in schedule 14 of the Companies Act
1956, on a straight line method.
 To account excise duty on goods manufactured when it is dispatched.
 To ascertain the accrued gratuity liability of the company on the date of balance
sheet.
 To value finished goods at cost or market price whichever is lower, stock of raw
materials, spares and chemicals are valued at weighted average method.
 Treat the claims against the company which are not admitted as contingent liability.
.
AUTHORITY, RESPONSIBILITIES AND ROLES:-
AUTHORITY
 Approval of policy, objective and targets.
 Approval of apex manual.
 Defining responsibilities and authority of head of departments, management
representatives.
 Authorizing various committees
 Approval training programs of financial commitment.
 Authorization of decision taken at review meeting such as safety and environmental
protection committee, environment management customer service and complaint
redeemed and protection meetings.

RESPONSIBILITIES
 Overall responsibility for health and safety of IRE, Chavara unit.
 Claiming the review meetings.
 Responsibility of the head office from time to time.
 Ensuring that unit has organized celebration including those related to health,
safety and environment through concerned department.
 Providing resources for the implementation main tenance and continued
improvement of management systems (in consultation with HO required).
 Implementation of directives received from HO / statutory agencies.
 Ensuring smooth progress of project (including feedback of HO on the
program).
ROLES
 Ensuring smooth day to day functioning organisation through concerned HOD /
section head.
 Role as head of the unit in the health, safety and environment related
celebration.
 Participation in emergency evaluation (Both mock / actual)
 Compliance to safety related requirements including use of personal protection
equipment as a role model for others.

MEDICAL DEPARTMENT:
An effective and efficient medical department is functioning in IREL Chavara. Every
family member of the employee is eligible for free attendance and treatment in the
dispensary. Cases beyond the scope of the dispensary will be referred to major
hospitals which are centered in Kollam and Karunagappally. The whole payment is
such cases are done by the company itself. The dispensary is working around the clock.
FUNCTIONS
 To carryout medical examination of employees and their family members.
 Examining compliance to environmental requirements.
Senior Manager (Medical) is the top most authority of the Medical department. Senior
Manager is followed by a Section Head/Lady Doctor. The department comprises of two
Doctors, three Pharmacists, three Nurses/Compounders, Laboratory Technician and an
Ambulance Driver.
DEPARTMENT STRUCTURE - MEDICAL
Fig:6.11
PROCESS INVOLVED IN MEDICAL DEPARTMENT
1) Out Patient Service:
a) Employees and their departments are provided free medical services. For
this each employee has been allotted a personal dispensary file in which name
of the dependants are included as per the family card issued by the welfare
department. Proper recording of the ailment, investigation and treatment of the

employees and the dependants are entered in the personal dispensary file. Unfit
and fit certificate are issued by the medical officers in the prescribed form for
availing sick leave and for rejoining the duty after sick leave.
b) Patients who require specialist‟s opinion/ detailed investigation are sent to
recognised hospitals/govt. hospitals/ approved laboratories with a reference
letter. List of approved hospitals/ laboratories as approved by HO is maintained
by HOD (Medical). Patients are taken to recognised hospital only with the
reference form issued by medical officer. In the absence of company medical
officer, patients are issued a temporary reference card valid for one day by the
duty Pharmacist/Nurse for immediate admission incase of emergency and
within 24 Hrs the reference card issued by the medical officer is to be collected
by the employee.
2) Occupational Health Service (OHS):
Pre-employment Medical Examination:-
Normally recruited employees before joining are directed to undergo a medical
examination by the medical officer. Medical examination is carried out as per the pre-
employment medical examination report. The pre-employment medical examination
report is send to the HOD (HRM) for implementing the recommendation of the HOD
(Medical).
3) Periodical Medical Examination
In accordance with Atomic Energy Regulatory Board (AERB) periodical medical
examination for all canteen workers and clarified radiation workers is carried out once in a
year and for other radiation workers and other general workers, it is carried out once in five
years. Employees aredirected to HOD (Medical) as per the list notified by the
Administrative section. These who are exposed to high noise, loss of hearing bent are also
conducted and feedback is given to the concerned department.
4) Pre-retirement Medical Examination
Concerned employee is given intimation from administration section at least two
months before the date of retirement to carryout pre-retirement medical examination

with a copy to HOD (Medical). Based on this, medical examination is carried out one
month before the retirement of every employee and necessary advice is given to the
employee for his future health maintenance.
SECURITY DEPARTMENT
Security of the company assets and premises is vested in the hands of the staffs of
security department. The department is lead by Security Manager and he is assisted by
6 Head Security Officers and 26 Security Guards.
DEPARTMENT STRUCTURE – SECURITY
Fig:6.12
FUNCTIONS
 To give security to the company and its assets.
 To monitor the entry of employees and visitors.
 According to ISO procedures they maintain the discipline of the employees,
their uniform etc.
Two major threats presents in IREL are sabotage and theft. To prevent sabotage there is
a control room and it accessible at every time. In case of emergency the systems will
automatically shut down and emergency alarm will blow. At that time all the
employees are required to assemble in the assembly points. Another security problem
faced by IREL is theft. There is no clear boundary wall for the company. This may
encourage persons to take away company assets without permission.
HOD(SECURITY)
SH(SECURITY)
SECURITY GUARDS

SAFETY AND ENVIRONMENT DEPARTMENT
In the present day industrial scenario all the industries had acceptedthe fact that safely
improves productivity.IREL Chavara has always been in the forefront in ensuring
safety,welfare and better working environment to all its employees. Their safety slogan
is“Let everyday be a safe day”
DEPARTMENT STRUCTURE – SAFETY & ENVIRONMENT
Fig:6.13
MISSION AND POLICY OF THE DEPARTMENT
MISSION
The mission of IREL is to be a major supplier of beach sand minerals and rare earth
compounds in the domestic and international market, develop and produce chemicals of
strategic importance, value addition with due regard to resources utilization and safety
protection.
Consistent with this mission, IREL envisages a safety and environment protection
policy that provides a safety working environment to prevent injury and ill health to its
employees. It also ensures environmental protection by minimizing environmental
input that may arise from its operations and provide appropriate environmental plans to
maintain ecological balance and above all recognizes the use for safety culture man
organisation to enhance the awareness and commitment of all employees to safety.

POLICY
IREL purpose to update and review the safety policy periodically taking into
consideration its industrial experiences advances in the technology and regulatory
requirements.
ENVIRONMENTAL POLICY
 IREL Chavara is committed to protect, conserve and improve the environment
in which it operates for the continued existence in the business throughout
 Conservation of natural resources
 Minimising pollution
 Compliance to applicable environmental rules and corporate guidelines,
periodical health monitoring of employees and creation of environmental
awareness among employees, customers and suppliers.
SAFETY GUIDE
IREL Chavara follows strict safety guidelines, which are given in the company‟s safety
guide. Safety team will update the safety guide as per the requirement to throw more
clear light on the processes as well as equipments engaged in the plant, including
procedures to ensure the safety of both men and machinery.
There are Do‟s and Don‟ts enlisted in this guide and this will be quite helpful in
averting the slightest possibility of accidents.
SAFETY GUIDELINES
In order to achieve the policy objective certain guidelines are used some of them
are as follows.
CORPORATE LEVEL SAFETY
 An officer of the rank General Manager to co-ordinate at the corporate office all
safety environment and training activities of various units and takes necessary
steps for effective implementation of this policy.
 GM (S&E) assisted by three senior officers at the head quarters on each of the
safety, environment and training.
 The corporate safety setup has been provided with adequate administration /

financial support for coordinating safety policy.
 He liaisons with various outside agencies like Atomic Energy regulatory board
SARCOP health, physics division of BARC, DGM of mines safety, ministry of
environment and forest etc for fulfilling the statutory requirements.
 He assesses the training needs for various areas and granges for different
categories of employees.
 He interacts with safety teams / experts for carrying out safety audit /
environment audits and assessment of safety performance for award of shield
etc.
UNIT LEVEL SAFETY SETUP
 The head of each unit will be executive director / chief / GM.
 He will be ex-office chairman of the plant level safety and environment
protection committee which will review the monthly safety status of the
plant.
 He will implement all the applicable statutory provisions of safety and
environmental control in the unit.
 He will nominate senior level officer as safety and environmental control
officer who will look after the safety and environmental control aspects of
the unit.
 He will ensure that operating procedures are followed strictly and technical
specifications are not violated.
SAFETY AND ENVIRONMENTAL PROTECTION COMMITTEE
 The term of members of the committee will be two years and the committee
members will be meeting once in a month.
 The committee will organize safety day / environmental day / fire day and
mines safety week annually and hold competition among the employees relating
to safety and environment during the celebrations.
 The committee will discuss the measures against the unsafe conditions and

practices in the mine / plant as pointed out in the report of workmen‟s
inspectors.
 The committee will consider safety and health measures to be taken before
commencement of operations of any new electrical / mechanical equipment
proposes.
 Summary of minutes of the meeting will be sent to the GM (S&E) regulatory.
STANDING ORDER FOR WORKMEN CONCERNING SAFETY
IREL standing orders for workmen also envisages the safety of the organizationand
relevant clauses.
PERSONAL PROTECTIVE EQUIPMENTS
It is divided into two categories
 Personal protective equipment for the various parts of the body i.e. head, eye,
ears, face, hand, arms.
 Respiratory protective equipment required when workers exposed to
atmospheric contaminants like dust, fuel, gases and chemicals let off in the air
in the dangerous concentration.
PROTECTION EQUIPMENTS USED ARE
 Head protective
 Respiratory protection devices
 Safety belts and lifelines
 Safety shoes
 Dust respirators
 Eyes and face protection
 Ear muffs
 Aprons
 Gloves

PURCHASE DEPARTMENT
The main function of purchase department is procurement of materials at competitive
price. All items including real materials other than raw sand are purchased by this
department. In IRE Ltd the purchase department had prime importance.
Formalities of purchase
 Float enquiry to the right source
 Scrutinize quotation
 Obtaining approval of the finance department
 Release an order
 Follow up receipt at the store
 Assistance to give payment in time
Formalities of placing an order
 Origination of intent
 Tender enquires
 Opening of tender on the data mentioned
 Analysis of all tender
 Technical evaluation of the tender
 Selection of the best one
 Negotiation with the party needed
 Approval of the selected tender
 Order placing
 Follow up

CIVIL DEPARTMENT
Maintenance has a direct impact on everything that affects the overall health and
welfare of the organisation. A sound maintenance strategy should therefore be
considered a valuable tool used to assess equipment capability and the continuous
improvement efforts of asset performance.
Civil department consist of deputy manager (civil), two deputy officers and the work
force. They frequently monitor company structures and maintain them properly. In case
of new projects, the base infrastructure has to be erected by this department.
DEPARTMENT STRUCTURE – CIVIL
Fig:6.14

CHAPTER 7
SWOT ANALYSIS

STRENGTHS
 Highly skilled managers and experienced workmen having excellent knowledge
and experience about mining and production process.
 Constant Upgradation of technology.
 A strong and symbiotic relationship between the top level management and the
lower level employees.
 Technological collaboration with the Australian company, ROCHE, one of the
largest mineral technology providers in the world.
 Abundance of raw materials in the company premises itself.
 Support from government of India and the department of atomic energy.
 High concern towards the employees and environment.
WEAKNESS
 Mining problem.
 Diminishing supply of raw sand.
 The inability of the management to control effectively, the resistance raised by
the local people in resource crises.
 Excess number of civil workers.
 High labour charges.
 Due to monopoly promotional activities are less.
 Decision making process is highly time consuming and complicated.
 Shortage of power

OPPORTUNITIES
 High demand for products.
 Growing demand for Titanium, Zircon, Thorium, Rutile, Ilmenite in
international market.
 Faster growth rate of markets in Asian countries where extraction facilities are
limited.
 The recent efforts to tie-up with other mining companies like KMML, Chavara
 The favorable state government policies like prohibiting the entry of private
companies into the mining sector.
 As a strategically important company it is always backed by the central
government.
THREATS
 Entry of private players such as TATA group into the area of black sand
mining.
 Over intervention of external political groups in company affairs.
 Fluctuating in the value of currency which adversely affects the export income.
 Increasing transportation cost.
 Protect form environment activists.
 Rapid technological changes in production process.
 Changes in government policies.

CHAPTER 8
PORTERS FIVE FORCE MODEL

RIVALRY BETWEEN SUPPLIERS
 In the current scenario IREL is free from rivalry between suppliers.
 As beach sand is the raw material for IREL, there is no chance to depend
external suppliers.
 IREL has a mining area of 20 km from neendakara tokayamkulam, and mining
is done by the mining department of IREL.
BARRIERS TO ENTRY/THREAT OF NEW ENTRY
 IREL, incorporated in the year 1950 at Mumbai and chavara plant opened in
the year 1970.
 For the last thirty nine years IREL chavara could make its own demand in
the industry.
 Q –grade is considered as the first quality in all over the world.hence
opening barrier is nil in the case of IREL.
BUYER POWER
Major buyers are
 Cochin minerals & rutile ltd
 Travancore titanium products
 Tum chemicals ltd
 Tuticorinkolmak chemicals ltd,Kolkata
Because of high requirement of heavy minerals for the buyers IREL can maintain the
demand of the products above benchmark more and more companies are opened in
plastic and paint industry as the result of globalisation .hence buyers policies is less,and
it is an advantage for IREL.

SUPPLIER POWER
For IREL ,the supply of raw material is done by its own mining department so the
influence external suppliers are nill hence supplier power is favourable to IREL.
THREAT OF SUBSTITUTES
RUTILE,ZIRCON,MONAZITE,SILLIMANITE,ILMENITE are the major products
of IREL .in these products none of them has substitutes. hence the supplier power is
favourable to IREL

CHAPTER 9
PEST ANALYSIS

POLITICAL ENVIRONMENT
 Influence of political trade unions in IREL –labor unions are well co-operate
with the management to achieve the common objective of the organisation.
 Environmental policies of state and central government are opted to ensure
healthy environmental condition .so IREL is forced to keep eco- friendly
standards for mining and related process.
 Ten policies is favourable to IREL.
 The stable political conditions in state and central government are favourable to
IREL.
ECONOMIC ENVIRONMENT
 The effect of inflation did not directly affect the sales volume because of the
constant demand of its products.
 In the present scenario, the exchange rate of Indian currency is comparatively
steady ;it will be an advantage for Indian industries.
SOCIAL ENVIRONMENT
 IREL gives employment to hundreds of people directly or indirectly.so IREL
has a good acceptance among local society.
 People in the coastal regions make some problems when new mining process
opens.
 It is difficult to attach those lands because of the interference of local leaders who
are argued for environment protection.

TECHNOLOGICAL ENVIRONMENT
 Technological factors are favourable to IREL .because IREL uses modern
machinery for production.
 The internal communication system of IREL is most modern.that include WIFI
network,remote accessing&voip.it helps the managers to maintain healthy and
effective administration.

CHAPTER 10
FINDINGS, SUGGESTIONS &
CONCLUSION

FINDINGS
 The intervention by the external policies parties continues to be a disturbance in
formulating labor practices.
 IREL had strong and symbiotic relationship between the top level management
and lower level employees.
 The company had a strong financial position.
 Constant upgradation of technology.
 IREL had a good support from government of INDIA and the department of
atomic energy.
 Since, IREL is a monopoly the promotional activities are less.
 Unavailability of land for the expansion of the unit capacity.
 Higher labour charges.
 Since the company is located 4km away from NH(national highway) the time
consuming and the transportation cost is very high
SUGGESTIONS AND RECOMMENDATIONS
 The company can adopt different mode of sales other than the direct sales which
is mainly done in IREL.
 The government policies can change any time and so there is a possibility for
the entry of privet players .so the company should always be careful to maintain
its product quality ,brand identity, customer relationship etc
 IREL should take advantage of the growing demand for heavy minerals by
increasing the production.
 The management should sustain the faith of the local people by constantly
communicating and explaining the company‟s policies to them. The trust of the
local people can be ensured and sustained by constant interaction and
communication with them. The company can achieve them by undertaking
more socially responsible activities. This may be in the form of medical

facilities running schools, assistance at the time of sea erosion and trawling ban.
They can also provide water and electricity supply to the local people.
 The company should try to minimize the external interventions of various
political parties.
CONCLUSION
IREL is one among well performing companies in Kerala, engaged in the process of
processing rare earth products available among the coastal belts. IRE is reaching new
boundaries with its performance. IRE was incorporated on 18th
august 1950 as a private
limited company under the Indian company‟s act of 1913 jointly by the government of
India and the government of Travancore Cochin. In 1951, IREL became a public sector
undertaking and two mineral separation plants, one at Manavalakurichi in Tamilnadu
(1967) and the other at Chavara in Kerala state (1970) were setup.
The organisation study at IRE ltd was an unforgettable experience. The organizational
atmosphere prevailing at IRE is not that of a public sector unit. The concern for the
environment and social responsibility are worth studying. The study helped in having a
practical exposure to real practice in organisation. The study provides insight into the
functioning and coordination of departments in an effective organization.

Appendices
BALANCE SHEET AS AT 31ST
MARCH, 2013
Year ended
31st
march,2013
Yearended
31st
march,2012
Year ended
31st
march,2011
EQUITY & LIABILITIES
1) Shareholders’ Funds
a) Share Capital
b) Reserves and Surplus
Total
2) Non-Current Liabilities
a) Other long term liabilities
b) Long term provisions
Total
3) Current Liabilities
a) Trade payables
b) Other current liabilities
c) Short term provisions
Total
TOTAL OF EQUITY & LIABILITIES
ASSETS
1) Non-Current Assets
a) Fixed Assets
(1) Tangible assets
(2) Intangible assets
(3) Capital work-in-progress
Total
b) Non-Current Investment
c) Deferred Tax Assets (Net)
d) Long Term Loans and advances
e) Other Non-Current Assets
Total
2) Current Assets
a) Inventories
b) Trade receivable
c) Cash and bank balance
d) Short term loans and advances
e) Other current assets
Total
TOTAL OF ASSETS
8636.50
65054.35
73690.85
5414.01
4616.81
10030.82
1122.56
10107.83
14552.22
25782.61
8636.50
53139.57
61776.07
5515.31
3934.95
9450.26
1031.54
7041.15
12569.81
20642.50
8636.50
40104.33
48740.83
5397.70
2451.16
7848.86
1011.46
6851.74
4514.55
12377.75
109504.28 91868.83 68967.44
16323.20
35.74
9796.51
26155.45
1.42
5488.20
4226.50
1827.05
11543.17
13140.49
192.19
52781.18
3662.07
2029.73
71805.66
17773.93
34.64
2624.80
20433.37
1.42
4002.46
5035.40
511.53
9550.81
6822.13
237.71
50847.82
1723.01
2253.98
61884.65
19146.66
20.89
1355.03
20522.58
1.42
1300.43
4412.89
3020.46
8735.20
4572.71
180.14
31342.02
1523.45
2091.34
39709.66
109504.28 91868.83 68967.44

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST
MARCH, 2013
Year ended
31st
march,
2013
Year ended
31st
march,
2012
Year ended 31st
march, 2011
REVENUE
a) Revenue from operations
b) Other income
TOTAL REVENUE
EXPENSES
a) Cost of material consumed
b) Charges in inventories of
finished goods, Work-in-
progress and stock-in trade
c) Employee benefits expenses
d) Finance cost
e) Depreciation and amortization
expenses
f) Other expenses
TOTAL EXPENSES
Profit before prior period
adjustments (net), exceptional items,
extraordinary items and tax
Prior period adjustments (Net)
Profit before exceptional items,
extraordinary items and tax
Exceptional items
Profit before extraordinary items
and tax
Extraordinary items
Profit before tax
Tax expenses
a) Current tax
b) Deferred tax asset(or liability)
PROFIT FOR THE PERIOD
52765.79
6617.22
59383.01
2890.00
(6087.08)
19876.05
800
1907.71
15321.44
34709.03
24673.98
63.53
24610.45
866.09
23744.36
-
23744.36
9571.48
(1485.74)
63218.22
4897.28
68115.50
3612.94
(1805.94)
19920.03
141.38
2063.37
14498.98
38428.76
29686.74
391.53
29295.21
4311.10
24984.11
-
24984.11
10641.22
(2702.03)
39975.91
3031.53
43007.44
3767.16
1776.35
17549.09
150.869
2025.11
12379.85
37648.25
5359.19
115.45
5243.74
-
5243.74
-
5243.74
1260.78
793.60
15658.62 17044.92 3189.36

BIBLIOGRAPHY
1. C.R. Kothari – Research Methodology methods and Techniques.
2. Prasad L.M – Principals and practice of management.
3. Kottler Philip – Marketing Management.
4. Rejimon.P.M – Indian rare earth is going to expand.
5. Rejimon.P.M – 50 Crores rupees expansion program in IRE.
6. IREL Broucher – Apex manual and departmental procedures of IREL.
7. http://www.indianrareearths.com
8. http://www.irel.gov.in
9. Annual Reports and Journals

ORGANISATIONAL STUDY @IRE KOLLAM(KERALA UNIVERSITY)

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