HINDUSTAN ZINC LIMITED Mohit Parikh (2011159)
[RATIO ANALYSIS AND EXPLORATORY RESEARCH ON TRAINING EFFECTIVENESS AT HINDUSTAN ZINC LIMITED DEBARI SMELTER] Completed under the able guidance of PROF. RAJ V. AMONKAR
At the outset I would like to thank Vedanta for providing me the opportunity to attend the summer internship program at Hindustan Zinc Limited Debari Smelter. The Summer Internship Program has been a great value addition to my profile and I hope to contribute immensely towards the corporate market provided I get an opportunity for the same in the later years of my career. I extend my sincere gratitude to Prof. Raj V. Amonkar (GIM) for the constant support and guidance during various stages of the project. I would also like to thank my fellow colleagues and the GIM community who extended wholehearted support and co-operation in completing the project.
Table of Contents
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Acknowledgement Executive Summary Company Background Zinc Smelter Debari SWOT Analysis of HZL Exploratory Research on Training Effectiveness Conclusions and Suggestions about the Research Ratio Analysis Conclusion about Ratio Analysis Recommendations about Financials Annexure Bibliography References 1 3 4 6 8 11 20 21 44 45 47 48 49
For any company to continue to be successful it is vital that it understands its finances and this can be done by constant data collection and sheer analysis of the financial ratios on the current front. Also, the training of the employees is a crucial part of efficient and effective running of the company. The project on calculating the financial ratios and conducting an exploratory research regarding the effectiveness of training included creating documents, looking at company financials and gathering and analysis of training related data in the ordinary course of Hindustan Zinc Limited’s business to get a better understanding of the financials as well as to suggest improvements required, if any, in the training methodology of the company.
Hindustan Zinc is a Vedanta Group company in Zinc, Lead and Silver business. We are India’s only and the world’s largest integrated producer of Zinc-Lead. We are also one of the leading Silver producers in the world. We are one of the lowest cost producers in the world and are well placed to serve the growing demand of Asian countries. Hindustan Zinc is a subsidiary of the NYSE listed – Sterlite Industries (India) Limited (NYSE: SLT) and London listed FTSE 100 diversified metals and mining major – Vedanta Resources plc. Our core business comprises of mining and smelting of zinc and lead along with captive power generation. We have four mines and four smelting operations: mines are situated at Rampura Agucha (largest zinc producing mine in the world), Sindesar Khurd, Rajpura Dariba and Zawar in the State of Rajasthan; while the smelters are located at Chanderiya, Debari and Dariba in the State of Rajasthan and Vizag in the State of Andhra Pradesh. Our current metal production capacity is 1,064,000 tonnes per annum (879,000 tonnes of zinc and 185,000 tonnes of lead). With reserves and resources of 313.2 million tonnes, our exploration programme is integral to our growth and future expansions. Successful exploration and subsequent development of mineral assets underlines our mission and business strategy. We also own 474 MW of coal based thermal captive power plants in Rajasthan to support our metallurgical operations. We also have 123.2 MW of wind energy in Gujarat and Karnataka, which is sold to the respective State grids. Taking our green energy initiative a step further, we had announced, in January 2011, an addition of 150 MW in our existing wind power capacity. Of this, around 135 MW has already been commissioned. The balance capacity is expected to be commissioned in Q4 FY 2012. Post the expansion, our wind power generation capacity...