Heavy Engineering Corporation

Submitted By:- Ayasha

Banka

1627942

Introduction❖ HEC is one of the leading suppliers of capital

equipment in India for steel, mining, railways, power, defence, space research, nuclear and strategic sectors.

❖ HEC has facilities starting from steel melting, casting, forging, fabrication, machining, assembly and testing.

❖ It has its own in-house research and product development wing to deliver products suiting customers' specifications.

❖ It is situated in Ranchi, the capitol city of Jharkhand which is a well-suited location, nearing to customer sites and proximity to the ports for import items, is an added advantage for its cost-effectiveness

❖ With over 50 years of experience, HEC has proved its forte in equipment design, engineering & manufacturing and development of unique processes.

❖ Its diverse skill and technical know-how enables HEC to provide complete, comprehensive and cost effective solutions to its customers.

❖ The company has three manufacturing units and one project execution division:❖ Heavy Machine Building Plant (HMBP)❖ Heavy Machine Tools Plant (HMTP)❖ Foundry Forge Plant (FFP)❖ Project division : Backed by a dedicated, committed and experienced team, this

division executes turnkey projects from concept to commissioning of bulk material handling, steel plant projects, coal washers, cement plants and other sectors.

Vision

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

Mission❖ Growth : To attain substantial jump in production and bring

sustained growth to attain production level of Rs. 3000 crores.❖ Profitability : To provide reasonable and adequate return on

capital employed, primarily through improvement in operational efficiency, capacity utilisation & productivity, in order to generate adequate internal resources to finance the company's growth.

❖ Human Resource Planning and Development : To enable each employee to achieve his/her optimum potential, improve his capabilities, perceive his role and responsibilities for the benefit of the company.

❖ Customer Satisfaction : To give the customer value for his money through improved product quality, delivery, performance and customer service.

Various Departments of the Company

❖ Finance Department❖ Marketing Department❖ Human Resource Department❖ Production Department

Finance Department

Marketing DepartmentSalesDepartme

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PromotionDepartme

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R&DDepartme

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DistributionDepartme

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Material ManagementDepartmen

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• Decide type and quantity of goods.

• Work for the interest of target customers.

• Decide how to promote goods produced by the organisation.

• Innovative and Creative.

• Study the demand for the product through market research.

• They transport goods to the market.

• Decide the quantity of product is to be distributed.

• They work on planning, procuring, storing and providing appropriate material whenever needed.

Human Resource Department

RECURITMENT EMPLOYMENT RELATION

MANPOWER PLANNING

COMPENSATION AND BENEFIT COMPLIANCE PERFORMANCE

MANAGEMENT

• Centralised• Internal• External

• Works to build a good relationship among the workers by resolving conflict.

• Develop employment program

• Provide training facility.

• Employees are awarded for great performances.

• Ensures compliance with all applicable laws, rules and regulations.

• Ensures that goals are consistently being met in an effective and efficient manner.

Production Department

SWOT AnalysisSTRENGTH

• Huge diversified products• Large product manufacturing plant• World class quality• Real Estate availability in Ranchi• Huge Fabrication facility• Experienced workforce• Brand name

WEEKNESS• Outdated machines and technology

used• Pilfering of raw materials during

commute• Poor and flexible management• Work inefficiency• Inadequate infrastructure

OPPORTUNITY• HEC has the potential to become a

NAVRATNA company• Large number of projects to be

fulfilled• Opportunities in International

market

THREATS• Old equipments

Financial Landmarks

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

Values

❖ HEC has defined five key values to achieve operational excellence, which are applied by all employees. They are:

• Ethics• Transparency• Empowerment• Professionalism• Teamwork

Recommendation

❖ Replace old equipments with modern ones.❖ Time to extend business in the International

market.❖ Hire more on-field workers for faster completion

of projects.❖ Modernise the infrastructure.