Swot Analysis Of Sail

INTRODUCTION TO THE COMPANY AND ITS ANALYSIS

 Steel is a highly capital intensive industry and cyclical in nature. Its growth is intertwined with the growth of economy at large and in particular, the steel consuming industries such as manufacturing, housing & infrastructure. Steel has a large multiplier effect, given its backward and forward linkages.

 Steel Authority of India Limited (SAIL) is the leading steel-making and a ‘Maharatna’ company in India. It is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defense industries and for sale in export markets. It has the country’s largest mining network.

 SAIL produces iron and steel at

It is the eleven time winner of Prime Minister’s Trophy for the Best Integrated Steel Plant in the country.

 The plant has its corporate office at New Delhi. The Corporate office formulates policies, strategies and overall guidelines for its units. Central organizations like CMO (Central Marketing organization), RDCIS (Research Development Center for Iron and Steel), CET (Center for Engineering and Technology) look after the relevant activities for the Plants under SAIL.

SWOT Analysis of SAIL

The primary functions of Bhilai Steel Plant are derived from the functions of the mother organization SAIL. As a production unit of SAIL, BSP carries out the specific functions and task assign to it from time to time, both with regards to production and execution of other functions of SAIL, such as design consultancy, training and development etc.

The primary analysis of any organization begins with the SWOT Analysis. It gives a complete picture so as to where an organization stands with respect to its competitors and areas where its lags behind. It also gives a bird eye view of the possible opportunity that exists which can be capitalized upon and the threats that may affect its operations at present or in the

It has two main functions i.e. Finance and Accounts. These functions are carried out by various sections of finance and accounts department. The objective of finance and accounts department is always to meet the requirement of line department while doing its own line functions such as accounts maintaining, meeting statutory requirements, budgetary control and advising on financial matters etc.

Finance involves procurement, allocation, managing and monitoring the financial resources to give the optimum result and providing necessary inputs and guidance to the Management for decision-making. Accounting involves translating all the transactions carried out in an organisation in the monetary terms and presenting the same in the form of Balance Sheet and Profit and Loss Account to reflect the correct financial position of an organisation.

In the present prevailing business scenario and environment, presenting the information is not enough, it has to be compared with that of the previous years and also with that of other contemporary organisations. These comparative data have to be analysed and interpreted in such a way so as to justify the variations and scrutinize the same for future improvement. To sustain in the current global competitive environment lot of responsibility and accountability rests on Finance and Accounts Department of any