Organization is a social unit which is deliberately constructed and reconstructed to seek specific goals .An organization comes into existence when there are a number of persons in communication and relationship to each other and are willing to contribute towards a common endeavour. The evolution of organization dates back to the early stages of human civilization when two or more persons began to cooperate and combine together for fulfilling their basic needs of food, clothing, shelter and protection of life .Thus, an organization is born when people combine their efforts for some common purpose. It is a universal truth that an individual is unable to fulfil his needs and desire alone because he lacks strength, ability and resources. So he seeks the cooperation of other people who share goals with him.
Definitions of Organization
Different authors have defined organization in different ways. The main definitions of organization are as follows: * According to Keith Davis, "Organization may be defined as a group of individuals, large of small, that is cooperating under the direction of executive leadership in accomplishment of certain common object." * According to Chester I. Barnard, "Organization is a system of co-operative activities of two or more persons." * According to Louis A. Allen, "Organization is the process of identifying and grouping the work to be performed, defining and delegating responsibility and authority, and establishing relationship for the purpose of enabling people to work most effectively together in accomplishing objectives." * According to Mooney and Railey, "Organization is the form of every human association for the attainment of a common purpose."
1.2 INTRODUCTION TO COMPANY
HISTORY OF MADRAS CEMENTS LIMITED
Madras Cements (MCL) was established in 1957, is part of Ramco Group, a well-known business group of South India. It is based at Chennai. The company is the fifth largest cement producer in the country. Ramco Super grade is the most popular cement brand in South India.
The first plant of MCL at Ramasamy Raja Nagar, near Virudhunagar in Tamil Nadu commenced its production in 1962 with a capacity of 200 tons, using wet process. In 70's, the plant switched over to more efficient dry process. A second kiln was also added to bring the total capacity to 12 lakh ton per annum. The second venture of MCL is its Jayanthipuram plant near Vijayawada in A.P set up in 1987. The 16 lakh ton per annum plant employs the latest state of art technology.
In the year 1999, MCL commissioned the most sophisticated Ready Mix Concrete Plant in Medavakkam in South Chennai. In 2002, a state-of-art Dry Mortar plant was commissioned near Sriperumpudur, Tamilnadu which manufactures dry mortar; cement based putty and tile fix compound. In 2000, MCL acquired Gokul Cements situated in Mathod in Karnataka whose capacity is 600 TPD. Being a eco-friendly company, MCL set up the Ramco Winfarm in 1993 at Muppandal TN. This was followed by wind farms in Poolavadi near Coimbatore in 1995 and Oothumalai in 2005. The combined capacity of these two put together is about 45 MW.
The third venture of MCL is at Alathiyur in TN set up in 1997 and expanded by addition of another line in 2001. The 30 lac ton per annum plant is the most modern plant in the country.
Today Madras Cements Ltd is not only one of the most respected cement companies in the country but also leads in giving the best return for the investors. With a cement capacity of 10.49 million tons per annum, the company is the sixth largest producer of cement in India. It is also one of the largest wind energy producers in the country with a capacity of 185.59 MW.
BUSINESS AREA OF THE COMPANY
The main product of the company is Portland cement manufactured through the five advanced...