Analysis on the developmental scenario of “IRON AND STEEL INDUSTRY” in India.

Powerful Essays
INSTITUTE OF LAW, NIRMA UNIVERSITY Project on
Analysis on the developmental scenario of “IRON AND STEEL INDUSTRY” in India.

Submitted by:
PATHMAJA RAGHUNATHAN (10BBL044)

Subject: Legal Economics
Programme: B.com L.L.B. (Hons.)
Semester: 3rd Year: September, 2011

Submitted To: Prof. Arun Prasad (Course Coordinator)

TABLE OF CONTENTS
S.NO.
CONTENT
PAGE NO.
1.
DECLARATION
04
2.
CERTIFICATE
05
3.
ACKNOWLEDGEMENT
06
4.
CHAPTER-1 INTRODUCTION
1.1 Title
1.2 Aim
1.3 Scope
1.4 Objectives
1.5 Hypothesis
1.6 Research Methodology
07
09
09
09
09
10
10

5.
CHAPTER-2 HISTORY AND BACKGROUNG
11
6.
CHAPTER-3 DEVELOPMENT SINCE INDEPENDENCE
15
7.
CHAPTER-4 FUTURE GROWTH AND DEVELOPMENT PROSPECTS
21
8.
CHAPTER-5 STATISTICS AND REPORT ANALYSIS
23
9.
CHAPTER-6 CHALLENGES AND OPPORTUNITIES
30

10.
CHAPTER-7 WORKING OF THE INDUSTRY
36
10.
CHAPTER-8 EXAMPLES OF COMPETING INDUSTRIES IN India
43
11.
CHAPTER-9 CONCLUSION
51
12.
BIBLIOGRAPHY
52

DECLARATION

I hereby declare that this project report entitled “Analysis on the developmental scenario of “IRON AND STEEL INDUSTRY” in India.” is a bona fide record work done by me during my course of III Semester B.Com. LLB (Hons.) in the subject of Economics and it has not previously formed the basis of award to me for any degree/diploma, associate ship, fellowship or other similar title of any other institute/society.

Date: 30/09/2011
Roll No.: 10BBL044

Pathmaja Raghunathan
(Name & Signature of the Student)

CERTIFICATE

This is to certify that Miss. Pathmaja Raghunathan (10BBL044) a student of III Semester of Institute of Law, Nirma University has completed this project on the topic - Analysis on the developmental scenario of “IRON AND STEEL INDUSTRY” in India. for the subject economics as a part of their course. This is original work and done under my guidance & Supervision.

You May Also Find These Documents Helpful

  • Powerful Essays

    Iron and Steel Industry

    • 11494 Words
    • 46 Pages

    The field of research is to study the factors which affect the profitability of IRON AND STEEL industry, which is the most crucial element for the growth of any developed or developing economy. It acts as backbone of human civilisation. It is a product of a large and technologically complex industry having strong forward and backward linkages in terms of material flows and income generation. With regards to Indian Economy it is one of the most energy intensive sectors. Increase in productivity can be achieved through cleaner technologies and manufacturing process which will help in merging Economic, Social and Environmental Objectives. Many companies in the past many years have undergone mergers and acquisitions with bigger industrial giants either to clear off their debts or due to inability to perform in the existing market scenario. The research reveals the major reasons behind the failure of big iron and steel giants in the past and helps us to have a better understanding about the reasons behind their downfall.…

    • 11494 Words
    • 46 Pages
    Powerful Essays
  • Powerful Essays

    Analyzing the trend of key ratios across the top and bottom five Iron and Steel companies in India…

    • 6391 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    industries in INDIA

    • 3079 Words
    • 11 Pages

    Today India is one among the top ten industrial nations of the world. Industrial development has changed India’s economy from under-developed status to developing status.…

    • 3079 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Fishermen Struggles

    • 2969 Words
    • 12 Pages

    6. National Council for Applied Economic Research, Techno-Economic Survey of Kerala (New Delhi: NCAER, 1962).…

    • 2969 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    3.1.) Growth of Indian Cement Industry........................................................... - 7 3.2.) Production Capacity Share: Major Groups .............................................. - 8 4.)…

    • 4211 Words
    • 49 Pages
    Good Essays
  • Satisfactory Essays

    Cmie

    • 49200 Words
    • 197 Pages

    Centre for Monitoring Indian Economy Pvt. Ltd., 2007 This document is meant strictly for the use of the addressees only. Information provided in this document should not be reproduced, published, re-sold or otherwise distributed in any medium without the prior written permission of Centre for Monitoring Indian Economy. Limited portions of the information provided in this document can be quoted in occasional reports, articles, studies without any written permission from Centre for Monitoring Indian Economy. However, this should be done with a clear acknowledgement to Centre for Monitoring Indian Economy as the source of the information. The acknowledgement should mention the name of the document, month of release and ‘Centre for Monitoring Indian Economy, Mumbai’. Centre for Monitoring Indian Economy takes every possible care to provide information using sources it believes are the most accurate and reliable. Centre for Monitoring Indian Economy, however, shall not be liable for any losses or consequences, if any, arising from the use of the information contained in the document.…

    • 49200 Words
    • 197 Pages
    Satisfactory Essays
  • Powerful Essays

    • This paper is to meet the fulfillment of the requirement of Economic (Hons) +3 3rd year seminar assignment.…

    • 983 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Bibliography: 1. 2. 3. 4. Datt, Ruddar; Sundadharam,K.P.M.(2004), Indian economy S.Chand, New Delhi. Baruah, D.K.;Baruah Indira(2005), H.S. Economics The Amar Asom, 29th Nov., 2005,Guwahati. The Dainik Batori, 14th January 2006,Guwahati.…

    • 2634 Words
    • 11 Pages
    Good Essays
  • Better Essays

    Since
the
invention
of
the
Bessemer
process
in
 1856,
steel
has
become
a
choice
building
material
 across
the
globe,
sought
after
for
its
advantageous
 qualities
‐
hardness,
ductility,
durability
and
tensile
 strength.
As
a
result,
demand
for
steel
has
became
 synonymous
with
industrial
development,
not
least
 today,
when
the
growth
of
the
so‐called
BRIC
 countries
(Brazil,
Russia,
India
and
China)
is
by
far
 the
greatest
influence
on
the
market.

 particulars
of
the
production
process.
Both
steel
 and
its
majority
input,
iron
ore,
are
produced
in
a
 highly
capital‐intensive
manner.
Their
production
 involves
long
lead
times
and
increasingly
 continuous
processes.

The
resultant
rigidity
in
steel
 supply,
coupled
with
the
highly
cyclical
nature
of
 steel
demand,
have
meant
that
certain
key
decisions
 within
the
industry
are
made
by
coordinated,
 administrative
processes
as
opposed
to
pure
 market
forces.

 For
example,
iron
ore
prices
are
negotiated
 annually
at
meetings
between
the
steel
and
the
iron
 ore
industry.…

    • 1646 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    IRON AND STEEL INDUSTRY Submitted by Vivek Agarwal Roll No-68 |…

    • 7130 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    Economic performance of India

    • 13300 Words
    • 50 Pages

    It is important for us to know more about our own country and being future manager or entrepreneurs it is important for us to know about the past of India’s Economic Condition and also the future prospects. With the change in the Indian Government , We will it will be a great learning for us and also a chance to apply our skills , knowledge that we have learnt from our…

    • 13300 Words
    • 50 Pages
    Powerful Essays
  • Powerful Essays

    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 efficiency and backward integration into global raw material sources.…

    • 10211 Words
    • 41 Pages
    Powerful Essays
  • Better Essays

    India 2020

    • 1628 Words
    • 7 Pages

    The Indian economy is on the path of rapid progress. In July 1991 the country’s economy was so shattered that India was on the brink of bankruptcy. The Congress won in the general elections of June 1991 and Narasimha Rao became Prime Minister. He took a wise step and made Manmohan Singh the Finance Minister who, in turn, opened up the economy to the private sector. The quantum of progress that India has made from 1991 to 2007 has not been achieved by any other country. It is a tribute to both the government and the business community. It will be an interesting study to present to my readers a picture of India as it may emerge by March 2020. An attempt has been made to assess the situation in a methodical manner, and not indulge in kite-flying and guess-work. But in order to study and ascertain what shape the economy will take by 2020, certain assumptions have had to be made. I have made two main assumptions. The first on labour laws. In India, labour laws were framed soon after Independence and became outdated a long time ago. India is perhaps the only country where so many restrictions exist on retrenchment of surplus labour force. It is sad that the government is not permitting the industry to reduce surplus labour. Labour laws have not been liberalised only for political considerations. My first assumption is that labour laws in India will be liberalised. I may mention that in China there are no such rigorous labour laws as prevalent in India. The second assumption I have made is that oil prices will float at around $ 70 per barrel. The way India has progressed post-liberalisation, the GDP growth should be around 8.5 per cent on the average. The growth in the industrial sector should be about 9.9 per cent, about 9.4 per cent in the services sector and 3.9 per cent in the agricultural sector. In the last four years,…

    • 1628 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Post independence, steel industry in India came under the regulatory framework of Government of India, which stipulated that steel industry be reserved under the public sector. It also stipulated that capacity creation and enhancement would require licensing, and that pricing and distribution of steel would be subject to govt. control. Nationalization of TISCO, that existed from before independence could not be carried out due to popular pressure[3].…

    • 5243 Words
    • 21 Pages
    Powerful Essays
  • Good Essays

    1. The first reason was to reduce the dependence of Tata Steel on the external environment. The profitability of steel industry in India is strongly linked to variations in business cycle. Steel companies register heavy profits when there was boom in the economy and profits decrease when there is depression. In the late 1990’s, the Indian steel industry was experiencing a glut and this affected the profit margins of players. To reduce its dependence on external environment, Tata Steel adopted a two-prolonged strategy in this period. The strategy involved:…

    • 601 Words
    • 3 Pages
    Good Essays

Related Topics