Working Capital Management at Jindal Steel Works

SECTION 1 - PROFILE STUDY OF JINDAL STEEL WORKS LTD INDUSTRY PROFILE INTRODUCTION TO STEEL INDUSTRY India’s economic growth is contingent upon the growth of the Indian steel industry. Consumption of steel is taken to be an indicator of economic development. While steel continues to have a stronghold in traditional sectors such as construction, housing and ground transportation, special steels are increasingly used in engineering industries such as power generation, petrochemicals and fertilisers. India occupies a central position on the global steel map, with the establishment of new state-of-the-art steel mills, acquisition of global scale capacities by players, continuous modernisation and upgradation of older plants, improving energy†¦show more content†¦Undoubtedly there has been significant government bias towards public sector undertakings. But not all government action has been beneficial for the public sector companies. Freight equalization policies of the past were one example. The current governmental ‘moral-suasion’ to limit steel price increases is another. However, after liberalization—when a large number of controls were abolished, some immediately and others gradually—the steel industry has been experiencing new era of development. Major developments that occurred at the time of liberalization and thenceforth were: * Large plant capacities that were reserved for public sector were removed; * Export restrictions were eliminated; * Import tariffs were reduced from 100 percent to 5 percent; * Decontrol of domestic steel prices; * Foreign investment was encouraged, and the steel industry was part of the high priority industries for foreign investments and implying automatic approval for foreign equity participation up to 100 percent; and * System of freight ceiling was introduced in place of freight equalization scheme. As a result, the domestic steel industry has since then, become marketShow MoreRelatedEmployee Retention Analysis10575 Words   |  43 Pages | | |About company | |2. |Company profile | |3. |Jindal group profile | |4. |JSPL awards recognitions | | |Literature Review Read MoreBusiness Valuation Is The Process Of Estimating What Something Is Worth Essay9039 Words   |  37 Pagesin marketable securities such as stocks, options, business enterprises, or intangible assets such as patents and trademarks) or on liabilities (e.g., bonds issued by a company). Valuations are needed for many reasons such as investment analysis, capital budgeting, merger and acquisition transactions, financial reporting, taxable events to determine the proper tax liability, and in litigation. Business valuation is a process and a set of procedures used to estimate the economic value of an owner’sRead MoreSample Resume : Mini Research Project Essay10074 Words   |  41 Pages 20 3.4.2.2. Capital Gearing Ratio 22 3.4.2.3. Proprietary Ratio 24 3.4.2.4. Interest Coverage Ratio 26 3.4.2.5. Dividend Cover Ratio 28 3.4.3. Profitability Ratios 30 3.4.3.1. Operating Profit Margin 30 3.4.3.2. Net Profit Margin 32 3.4.3.3. Return on Equity 34 3.4.3.4. Earning Per Share 36 3.4.4. Activity Ratio/Turnover Ratio 38 3.4.4.1. Inventory Turnover Ratio 38 3.4.4.2. Debtors Turnover Ratio 40 3.4.4.3. Working Capital Turnover RatioRead MoreCompetitive Performance Analysis Of Welspun Corp Ltd Essay10068 Words   |  41 PagesTo know the value of Welspun Corp Ltd. 5) To know the position of Welspun Corp Ltd. in the industry. Need of the Study: 1. The study will provide benefits to various parties directly or indirectly related with the company. 2. It is beneficial to Management of the company by providing crystal clear picture regarding important aspects like liquidity, leverage, activity and profitability. 3. The investors who are interested in investing in the company’s shares will get benefited by going through theRead MoreSteel Industry19298 Words   |  78 PagesAnalysis of Indian Steel Industry Submitted by: Purvi Tibrewalla Roll 146, Sec B. Submitted to: Ms. Paramita Sarkar 1 DECLARATION I hereby declare that the work presented in this Project entitled â€Å"Analysis of Indian Steel Industry† submitted to Ms. Paramita Sarkar full-time faculty at Smt. J.D.Birla Institute (Department of Management), Kolkata is an authentic record of my original work. The total word count of this paper is 18113 words. Purvi Tiberewalla 2 ACKNOWLEDGEMENT Read MoreEssay on Accounting Decision Analysis Report8746 Words   |  35 Pagesof BlueScope steel Ltd 41 References 68 Introduction Introduction BlueScope Steel is the leading steel company in Australia and New Zealand, supplying a large percentage of all flat steel products sold in these markets. The companys products play a big part in peoples everyday lives, being vital components in suburban houses, landmark buildings and structures, popular makes of cars, and containers for food and beverages. BlueScope Steel is the regions leading flat steel products companyRead MoreProject on Employee Retention9019 Words   |  37 Pagesthe relationship between employer and employee had been (by and large) a statement of the status quo: You come work for me, do a good job, and, so long as economic conditions allow, I will continue to employ you. It was not unusual for people who entered the job market as late as the 1950s and ’60s to remain with one employer for a very long time—sometimes for the duration of their working life. If they changed jobs, it was usually a major career and life decision, and someone who made many and frequentRead MoreCorporate Level Strategies3217 Words   |  13 Pagesgrowth Stability Strategy of Indian Companies * Many companies in different industries have been forced to adopt stability strategy because of over capacity in the industries concerned. For Example: Steel Authority of India has adopted stability strategy because of over capacity in steel sector. Instead it has concentrated on increasing operational efficiency of its various plants rather than going for expansion. Others industries are ‘heavy commercial vehicle’, ‘coal industry’. Example: Read MoreCorporate Level Strategies3226 Words   |  13 Pageszero growth Stability Strategy of Indian Companies * Many companies in different industries have been forced to adopt stability strategy because of over capacity in the industries concerned. For Example: Steel Authority of India has adopted stability strategy because of over capacity in steel sector. Instead it has concentrated on increasing operational efficiency of its various plants rather than going for expansion. Others industries are ‘heavy commercial vehicle’, ‘coal industry’. Example: ApartRead MoreEssay on What is Contract Labour?2678 Words   |  11 Pagessocial legislation and it seeks to regulate the service of contract labour and where necessary to do away with the same. Further, the courts have taken different stand after analyzing the different cases, in some Contract Labour has engrossed in the work place and in some cases it has been done away with. Section 2 (1)(a) of the 1986 Act, talks about the Jurisdiction of the Central and State Government under the defination of â€Å"Appropriate Government† and also it also talks about the requiremnt for