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Organisational Study Report On Travancore Titanium Products LTD
Organisational Study Report On Travancore Titanium Products LTD
The company which started production at a modest rate of 5 tons per day increased its
capacity in stages to the present level of 40-45 tons per day. Till recently, Travancore
Titanium Products Ltd. was the only unit producing Anatase grade Titanium Dioxide
pigment, in India.
It is a matter of pride that the manufacture of a rare chemical like Titanium Dioxide
which was confined to highly industrialized nations of the west, was taken up herein
Trivandrum five decades. TTP was the only unit producing this white pigment, not
only in India, but also in the whole of South-East Asia.
The plant has the capacity to produce both Anatase and Rutile grades of Titanium
Dioxide. The plant functions round the clock in 4 shifts.
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TRAVANCORE TITANIUM PRODUCTS Ltd
This report gives an idea about the organization and its functions. The study also gives
clear picture about the different departments of the organization.
This report is prepared on the basis of primary data and secondary data.
Websites.
The organizational study carried out at TTP mainly focuses on the major
functional departments and its functioning.
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lithopone and zinc white. Its predominance is mainly attributable to three important
physical characteristics, which are a high refractive index, lack of colour and chemical
inertness.
TiO₂ also exhibits great chemical inertness. It has good heat resistance, with a
melting point of around 1840 °C. TiO₂ is also non-toxic, which has seen it displace
white lead in paints.
2. Rutile crustal structure modification exhibits greater stability than the anatase
form.
pigment such as white lead, lithopone, zinc sulphide, etc are to a greater extent, being
replaced by TiO₂.
The main industrial consumers of TiO₂ are paints and coatings, plastics and
paper, inks, ceramics, cosmetics, fibres, etc.
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TRAVANCORE TITANIUM PRODUCTS Ltd
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Titanium dioxide can be very economically processed out from this raw material,
illmenite. Travancore Titanium Products is the largest manufacturers and suppliers of
Titanium dioxide (Anatase grade) pigment in India with ISO 9001:2000 certification.
Titanium dioxide is an industrial raw material for textiles, cosmetics, paper, paint,
PVC and plastics, rubber, ink, electronic industries, chemicals, ceramics etc. The
process followed by Travancore Titanium Products Ltd for the production of Titanium
is Sulphate process using Sulphuric acid. In this process finely grind illmenite is
digested with strong sulphuric acid whereby titanium sulphate is produced which is
converted into TiO2 by hydrolysis. The main product of the company is Anatase grade
Titanium dioxide.
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third acid plant started production with a capacity of 300 tons per day in the same
year. A new pollution controlled Sulphuric acid plant was established and started
production in 1996 which utilizes the tail gas recycling DCDA (Double Catalysis
Double Absorption) technology. The alkali scrubbing system incorporated there in
helps to keep sulphur dioxide emissions well within permissible limits and helps in
maintaining a clean environment. The Company started its first expansion programme
in 1957 for doubling the annual production was commissioned on 29th March 1996
1. Managing Director
2. Executive Director
6. Government representative.
To be the largest producer of Titanium dioxide products and the most preferred
supplier
To carry on the business of roasters, smelters, refiners, rollers, galvanizers and
manufacturers of and dealers in Titanium, Zinc, Lead, and other metals and all
byproducts.
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Titanium Dioxide (Ti02) is a white pigment and there are two grades of Titanium
Dioxide.
Rutile Grade
Anatase Grade
These two grades of Titanium Dioxide are chemically same but their physical
properties differ from each other. The company deals with the production of Titanium
Dioxide, which belongs to Anatase grade. The major raw material used for
production is Ilmenite. The most important commercial use of Ilmenite is for the
manufacture of Titanium Dioxide pigment. Ilmenite is a compound of the oxides of
iron, Titanium and traces of other elements. The separation of Titanium Dioxide can
be done through the sulphate route or chloride route. The Travancore Titanium
Product plant is based on the Sulphate Route.
Rutile Grade
Anatase PG
Rutile PG
Anatase GP
Rutile GP
Potassium Titanate
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Anatase (ISI)
Rutile Grade
The major application is Plastic Master Batches, paint, Textiles. Substitute for
treated Rutile especially in plastics, paints, undercoats, printing inks, primers,
road marking paints, rubber ceramics, welding rods. Making quality seamless
welding possible.
Anatase (PG)
The product is highly suitable for plastic Master batch applications. It has been
substantially used for end applications like
a) Monolayer films
b) Thicker 3layer films (>50 microns)
c) Sheets and Profiles
Rutile (PG)
Anatase (GP)
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Rutile (GP)
Potassium Titanate
Potassium titan ate possesses low thermal conductivity and high reflectance
ranging from ultra-violet to infra-red region. Used in the manufacture of
special quality welding rods, due to its high insulating property and high
melting point.
The high grade Titanium dioxide enjoys a prominent presence in almost all
products we use in our daily life .In paint , rubber , textile , paper , and numerous
other products it is the ingredient .Major customers of TTP
Ink Kores (India) Ltd, JBA printing ink Ltd, Coates of India,
Rainbow Ink & Varnishes.
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Chemicals Camphor & Allied Products, Dr. Beck & Company, Jay
Industrial Chemicals, National Paints & Chemicals.
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connection will be launched during the current year .The total estimated cost of the
project is Rs.412 crores.
Working Hours
Three shifts
I. 6 am to 2 pm
II. 2 pm to 10 pm
III. 10 pm to 6 am
General shift
8 am to 4 pm
Office time
9 am to 5 pm
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Departmental Introduction:
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Departments are formed when there is efficient and effective grouping of jobs
in to meaningful work units to coordinate numerous jobs to gain the organizational
objectives. This creates flexibility, adaptability, and unity of action within the firm.
The various departments in TTP are as follows:
Production department
Finance department
Marketing department
Commercial department
Materials department
Training department
Engineering department
Legal department
Safety department
Medical department
Project department
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Plant Managers
Foremen
Supervisors
Charge Heads
Operators
Work Assistants
3.1.1 The production department of TTP has many important functions, which
are as follows:
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To prepare detailed raw material plans and ensure the incoming quality
standards, their proper usage etc.
increase TiO₂ content from 150 gpl to 200 gpl and then charged into precipitation
tanks. On boiling by injecting steam, the titanium content gets precipitated as
hydrated titanium.
It is filtered over drum type rotary vacuum filters to increase TiO₂ content in pulp.
Any ferric iron still present is reduced to washable ferrous form by leaching the pulp
with diluted sulphuric acid and aluminium powder. It is washed further and then
treated with small quantities of potassium sulphate solution and mono ammonium
phosphate to develop the pigmentary properties. The treated pulp is dewatered to 40%
solids and the dewatered pulp is sent to calcinations unit through screw conveyers and
this pulp is dried completely in the calciner. Then the hydrated titanium dioxide is
decomposed to titanium dioxide and sulphuric acid decomposes and crystalline
properties get fully developed. The hot product from the calciner discharge is fed into
the cooler. The cooled is discharged to the screw conveyer and then the belt conveyer
and the product in the pellet form is conveyed to the pulverizer. Then using pendulum
mills, the granular product is pulverized to very fine particles of average size of 0.35
microns and packed in 25 kg HDPE bags and kept for dispatch. The product is
classified as Rayon Grade (RG), ISI Grade, General Purpose Grade (GP) according to
the quality.
Digesters
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Settlers
Concentration
Precipitation
Post Precipitation
Filters
Pre-leaching Filters
Leaching
Treatment
De-watering Filter
Calciner
Milling of Pigment
Packing
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Finance Advisor
Finance Manager
Section Officers
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Setting of all investment proposals, certain new assets, new posts etc. from
the point of financial feasibility.
To make proper entries in books of accounts and extract reports like Trial
Balance, Profit and Loss A/c, Balance Sheet on a time bound basis.To
collect all sums due to the company.
TTP conducts four audits namely, Internal Audit, Statutory Audit as per
companies act, Accountant General Audit and Inspection Audit.
Federal Bank
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ICICI Bank
1. Bills Section:
This section includes payment like (Statutory) K.S.E.B, Purchase,
R.M, except salary of employees. Receipt cum Inspection Report (RCIR) and
invoice is received by Bills section. This is scrutinized to consider the terms
and conditions, as to whether there is any damage, oversupply of goods or
change in quantity and quality. All these details are recorded in the tally
records. For payment of purchases, purchase Bill is used. For electricity,
Water payment General Journal Voucher is used. The bill section also handles
Medical reimbursement for employees.
2. Salaries and wages section:
3.Cash section:
5.Loan section:
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Time Office is for recording the attendance of the workers. This section
is under the authority of Finance Controller. The manual card punching is the
facilities provided in time office. The electronic card punching system is used
in office building to mark the attendance of the entering employees.
Simultaneously the attendance registers are kept in each department.
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6. Retirement Benefits
Gratuity liability is provided based on the company rules prevailing from time to time.
The gratuity fund created to the company has been approved by the income tax
authorities. The net asset enables the fund to fully discharge the company’s obligation
in respect of gratuity, payment to the employees etc. The liability to pay leave
encashment accrues only when the employees can encash unveiled leave during their
period of service till the employee exercise his rights. Hence it is not quantifiable and
is accounted on cash basis.
7. Scraps
Accounting of scrap is done at the time of sale.
8. Salary
The employees get their salary/wages on the last, but one day before of each
month. Salary/wages is given on monthly basis. It is paid through bank/cash. Before
the payment of salary every employee will receive his pay slip.
9. Allowance
Some allowances are paid to the employees to compensate without changing
the basic pay structure. DA is paid to cover the increased cost of living. When housing
accommodation is not provided, house rent allowance on suitable BP structure will be
paid. In TTP there are different pattern of DA and HRA. They are applicable to each
employee in the organisation. House Rent Allowance is given to employees and it is
provided as 10% of Basic Pay, today.
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There are two wings in the marketing department namely, Domestic wing –
which deals with domestic sales and Export wing – which deals with export sales.
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Section Officers
Clerical Staff
1. Domestic wing
2. Export wing
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To select and appoint stockiest and other customers for direct sales.
.Export management.
3.3.3 Customers
Orders are received by post, fax, e-mail etc. Along with this order, customer
has to send cheques, pay in slip copy (amount credited to TTPL A/c). The
customer has to send original cheque. Also in case of depositing amount, the
marketing department will ensure that the amount is credited in TTPL’s ICICI,
Trivandrum account. Usually one month credit is given to stockiest. So cheques will
be post-dated. After verifying the details regarding payment, customer’s demand for
pigment grade etc., indent (work order) is prepared. Presently four copies are printed
and software is available for indent preparation. The indent is reviewed by Assistant
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Manager. The customer’s order may contain details regarding transporter. So in the
mean time department has to contact transporter. The prepared indents are sent to
Technical Service Lab (TSL) for batch allotment and the details regarding allotment is
sent to packing section. One copy of indent is held in TS Lab and one copy in Packing
Section. After getting authorized signature from Packing Section, allotted batch is
loaded in lorry/truck. Details regarding Lorry Receipt (LR) and vehicle number are
noted and invoice is prepared. By knowing the indent number, invoice can be easily
generated and details regarding LR and vehicle number are entered. Eight copies of
invoices are printed out. Original invoice is sent by post to buyer. Duplicate copy of
the invoice, LR and dispatch notes (3 copies) given to transporter. Dispatch note
includes details regarding number of bags, quantity etc.
In case of domestic sales within Kerala, the sales tax charged is Value Added
Tax (VAT). But in case of domestic sales outside Kerala, the sales tax charged is
Central Sales Tax (CST) @ 2%.
Presently TTP’s products are exported to countries like USA, UAE, Malaysia,
Indonesia, China, Singapore etc. Both Anatase grade and Rutile grade are exported.
Web based interactions are done with customers. A sample if required is sent to the
customers by cargo. After discussions with the customers regarding price, terms of
export like FOB (Free Own Board), CIF (Cost intrense Freight), orders are placed by
customers through fax or email specializing terms. As per the financial capability of
customers, bank LOC (Letter Of Credit) is opened. All conditions are stated in LOC.
With the help of Central Excise Department and in presence of them, the product is
dispatched in container. Products are exported through an agent at Kochi. Letter of
Undertaking (LOU) is the document (bond) used to export the products. This
document is renewed yearly. DEPB (Duty Entitlement Pass Book) license, an
incentive license is owned by TTP and with the help of which company get incentives
from Foreign Trade. There is no export duty. Usually, the mode of transport used for
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exporting the product is sea transport. Export is usually made according to the
requirements of the customers.
Prices of Titanium Dioxide (various grades) and Potassium Titanate and Sodium
Titanate per Metric Tonne for Inter State Sales
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Edn. Cess
1%
Section Officer
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Clerks
Typist
TRAVANCORE TITANIUM PRODUCTS Ltd
To develop good supplier relationship as this will ensure the best terms
of supply of materials.
Purchasing is the function of procuring goods and services from external sources
to the organisation. In other words, purchasing is the procuring of materials, machine
tools and services required for equipments, maintenance and the operation of a
manufacturing plant. In TTPL, purchase department involves in purchase of raw
materials like illmenite, sulphur, scrap iron, furnace oil and also purchase of tools and
equipments like fabrication valves, pumps, canteen equipments, safety items,
electrical goods, gears, lubricants, lab items, stationary items etc
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Materials Manager
Store Keepers
In TTP Ltd., even though the Materials section comes under the commercial
department, it is functioning independently.
A. Issues of materials: The main function of this section is to issue the materials as
per the issue voucher. This issue is also recorded in Bin Card and Computer.
B. Dispatch: As per the delivery orders received from the commercial department
the customers of the various products sent their transporting vehicles
through various transporters.. The invoice declaration and gate pass is prepared. The
materials produced daily is taken into stock and maintained in the register.
C. Inspection: The receipt vouchers are checked for the item and the quantity and the
concerned intend of the material is asked to inspect and certify. The inspector works
in accordance to the concerned intends while receipt of goods.
D. Inward Materials: All the stores materials coming to the stores as per the different
purchase orders made by the purchase section are received.The quantity and quality a
rechecked and a receipt voucher is prepared. After the inspection of materials,
quantify is recorded in the BinCard and Kardex as per the location and code of each
material.
E. Raw Materials: The raw materials received from various sources i.e.,
departmental and contractor are recorded as per the weighbridge bills.
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F. Inventory Control and Disposal: The material section should also concerned with
the inventory control. They should inform to the concerned departments when the
reorder level is reached.
Human resource is the main asset of any organisation. Therefore managing the
human resources are the most important functions of any organisation. So it is
essential for any organization to fix a separate department for the management of
human resources. The department is responsible for personnel functions of the
company to result in timely action for maintaining smooth industrial relations, leading
to employee’s morale and productivity.
Chief Manager
Deputy Managers
Assistant Managers
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Section Officer
TRAVANCORE TITANIUM PRODUCTS Ltd
Presently there are nearly 823 employees. The employees fall under two
categories:
1. Managerial cadre
2. Workers cadre
Managerial cadre is having superior service rules and the workers cadre having sub-
ordinate service rules.
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One of the major functions of this department is the planning of the required
manpower and identification of the vacancies present in the company. The
number of employees required for the company was planned by Human
resource department.
2. Recruitment
1. Direct Recruitment
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Probationer
Appointment by transfer
This is a type of internal recruitment. In case there is some vacancy and there
is no eligible person to be promoted to that post, a person of another department
having the required eligibility may apply and be appointed to the vacant post by
internal transfers
Dying-in-harness scheme
The company appoints several persons by this scheme. If any employee dies
before retirement, then the company offers job for his children or any member of
family according to their qualification.
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4. Promotion
5. Performance appraisal
Means of telling the employees how he is doing or performing his work and
suggesting the needed changes in his behavior.
It is used as a base for coaching and counseling the individual by his superior.
6. Labor welfare
TTPL’s HR department is keeping the records of leave of the employee for the
payment of remuneration of each employee in the organisation.
8. Industrial Relation
For recognition each union must have 20% or more support from among the
employees.
To safeguard the jobs of the employee and to improve the conditions of the
organisation.
9. Remuneration
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TTP gave fair remuneration to its employees in order to increase their morale
thus by increasing productivity. There are two types of pay scale present. One is for
subordinate service and other for officer service. HR department calculated the
remuneration payable to each employee from the details of their attendance and the
payroll sheet transferred to finance department.
Retirement
Retirement means the situation when the employee being terminated service
on reaching a fixed age. The age of retirement of TTP is 58 yrs. At the time of
retirement the employee will be provided with Provident Fund, Gratuity etc.
Workers Participation
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Training Officer
Staff
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To motivate worker
Every training programme has a well-defined specific objective. The different stages
in training are as follows.
1. Induction Programme
2. Orientation
The training department of TTP mainly offers 4 main Training Programmes. They
are:
3. Outside-Training.
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Chief Engineer
Assistant Engineers
Supervisors
Charge Heads
Operators
Work Assistants
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The Engineering department performs various functions very smoothly. It has co-
ordination will other departments also.
Preparation of plants.
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The Engineering Department in TTP has four major subdivisions namely Mechanical,
Electrical, Instrumentation and Civil Sections. A brief description about each section
is as follows.
Repair
Maintenance of Mechanical devices and equipments.
Maintenance of spare parts.
Installations and running of the related devices.
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Legal department is to render legal opinion / advice on matters referred from various
other departments of the company on subjects varying from recruitment and service to
matters related to contract and commercial transactions. The Chief Manager heads the
TTP’s legal department. This department is responsible for representing the company
in legal matters.
Chief Manager
Assistant Manager
Clerical staff
I. Recruitment
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A dispute of difference between the parties in any of the above matters such as
recruitment/service matters, contract may lead to litigation at various venues
such as Industrial Tribunal/Labour Court, various Civil Courts, and High
Courts of Departmental authorities such as Sales Tax/Transport
Commissioner/Tribunals (Central Excise Commission/Collector (Appeals),
Central Excise & Gold Control Appellate Tribunal (CEGAT). In case of
purchase/contract disputes are also referred to Arbitration.
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V. Commercial Transactions
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Mainly the financial matters referred for legal opinion relate to levy of
charges such as Excise duty/MODVAT claims, Sales Tax etc., on material
purchased/sold by the company.
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TTP has a safety department in order to ensure the safety needs of its
employees. According to Factories Act, every company employing more than
five hundred workers should have a welfare and security officer. The safety
department which is handled by a safety manager is considered to be vigilant
in every aspect of production. Primary job of safety manager involves teaching
supervisors, assisting them in their responsibility for ensuring safety in
operation.
Assistant Managers
Supervisor
Section officers
To give instructions to work force about safe working methods & conditions.
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To advice and assist the factory management for fulfillment of its statutory
obligation.
Monitoring the potential health and safety problems and carrying safety
inspections.
The various personal Protective Equipments that the company provided for the
employees are.
Safety Training.
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To direct unsafe conditions and actions in the working premises and report it
to top management.
To control the losses and accidents that occurred within the company.
In TTP there is a Medical section. Even though it comes under the authority of
Human resource department, it is functioning independently for providing better
medical service to the employees.
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The head of the section is a Medical Officer. Under him, there is one male
nurse and four nursing assistants. The working hour of this department is 24 hours
and 365 days in a year. The Medical Officer and male nurse were working on general
shift i.e. from 9 am to 5 pm. The ambulance and driver is present for 24 hrs service.
Doctors are appointed by the company. When an accident occurs within the
factory premises, first aid is provided and if found serious the victim is taken to the
nearby hospital. The employees working in areas hazardous to their health are
subjected to annual biotexological examination at Occupation Health Service Centre.
Periodical medical checkup for employees in canteen, led burning, packing shed, acid
plant and welding section are conducted. Ophthalmic checkup for the employees was
organized in collaboration with ophthalmic outpatient unit of General Hospital,
Thiruvananthapuram. Supplementary vitamin foods were being given to these
employees. The medical allowance given to the employees is 14% of the amount of
sum of basic pay and DA, which is paid once in 3 months.
Medical Officer
Male Nurse
Nursing Assistants
N
Chart no.3.12 Structure of Medical Department
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the authority of Chief Project manager , three wings are present namely civil,
mechanical and project wing.
Clerical Staff
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research and development. TTP also has a well-equipped and efficient R & D
department concerned with quality control and pollution monitoring, Technical
services, Research and pilot plant respectively. The department was concerned with
the research or study of new processes or techniques for the company. By the findings
of these departments, the company was able to find long-term solution to certain
problems of process and quality.
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Chemists
Assistant Chemists
Junior Chemists
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The pilot plant produces special grade of Titanium dioxide, sodium titanate and
potassium titanate that are used in welding electrodes as flux.
It is responsible for analysis of raw material, finished products and samples from
different products process stages etc.
3. Technical services
It is responsible for providing service to customers. They analysis the final packed
product for ISI grading and allow the same for the customers looking in for specific
requirement and attends to customer’s queries and complaints.
4. Pollution Monitoring
It carries out analysis of liquid effluent and stack emissions and reports the result to
the State pollution Control Board. The Research group is responsible for optimizing
products, quality and process specification, development of titanium based product on
a bench scale and further on a pilot plant scale.
5. Library
TTP has two Libraries, namely Technical Library and Titanium Recreation Club
Library (TRC library), which comes under the R& D department. Technical library
has books of all subjects, which is under management control. TRC library has daily
newspapers and magazines, which is under a committee Chairman is a Management
nominee. There are 7 members in the committee.
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Security Superintendent
Security Officers
Assistant Security
64 Officers
Head
Security
Security
Guards
Guard
TRAVANCORE TITANIUM PRODUCTS Ltd
Duties
To ensure that the rules and laws of the company are obeyed.
Functions
To protect the personnel and property of the organisation against theft and
pilferage.
All the movements of the employees and outsiders through the main gate
shall be recorded in the relevant registers.
The main gate will be locked at all times and will open only to permit the
movement only under the scheduled timings or under authorized documents.
Should be very careful towards fire prevention and workmen is not allowed to
smoke inside the factory premises.
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At the close of the working time, inspect the windows and ventilators and
ensure that all fans, lights, water taps, etc are switched off except the security
lights.
1. Main gate
2. Inner gate
3. Work shop
5. Time office
6. Power loading
Strength
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Loyal customers.
Weakness
Excess staff
Opportunity
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Threat
Pollution problem
Threat from local competitors like Kilbun and Colmac.
Threat from importers like China and Malaysia.
Reduced price of competitors.
Michael .E. Porter’s five force model is used as the framework for analysis. The
five competitive forces-entries, threat of substitution, bargaining power of buyers,
bargaining power of suppliers and rivalry among current competition-reflects the fact
that competition in an industry goes well beyond the established players. Customer,
Suppliers, Substitutes and potential entrants are all competitors to firms in the
industry and may be more or less prominent depending on the particular
circumstances.
Potential
Entrants (Threat
of mobility)
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Substitutes
(Threat of
Substitutes)
1. Rivalry
The incumbent’s share in the total Indian TIO₂ market has drastically came
down from a position of monopolist. An industry with growth rate assumed to be 7 %
(based on GDP) is meaningful provided the demand/supply position is controlled by
indigenous players. But with liberalization, import duty cut made it cheaper to import
customized quality products. Of the four players in the industry, two large producers
are in the public sector and the other two are in the private sector. Indian import of
ANATASE grade TIO₂ during 96-97 is of the tune1881.897 tonns for a value of
Rs13.6 crores.
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produce ANATASE grade TiO₂ (sulphate route) is not tightly controlled as that of
RUTILE grade TiO₂ (chloride route). An interesting feature of the domestic TiO₂
industry scenario is that a number of green field manufacturing plants have been
advertised but have not made headway beyond the conceptualization stage.
3. Substitution
4. Buyers
5. Suppliers
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5.1 FINDINGS
Only male workers are employed in the plant of Travancore Titanium Product
Limited.
The educational qualification of the employees in TTP Ltd is very high. About
40% of the workers employed in the company are graduates.
The company is providing a well conceived transport system and most of the
workers rate the conveyance facilities as good.
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5.2 S UGGESTIONS
1. Technological Up gradation
TTP Ltd still follows the old technology that needs to be replaced immediately so that
new technology up gradation could give TTP a much better output.
2. Pollution Control
If proper steps are taken to treat the liquid waste and vapour emission from the
company, the company will become zero pollution company. TTP should undertake
more projects to control the pollution.
3. Method of production
Adopt new method of production that will minimize the cost of production
4. New project
The management of the company should take steps to continue the Effluent
Treatment Plant Project submitted by the project department
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7. Training programme
Provide more training programmes to all the workers and office staff of
the organisation in order to develop their skills, knowledge and their attitude towards
works etc. This will automatically increase the production.
5.3 CONCLUSION
The Travancore Titanium Products Ltd is a well reputed, profit making Indian
Company with an annual sales turnover of about 170 crores. The company is a boon
to India, as its main product, Titanium dioxide forms an essential ingredient of almost
all items used in our day-to-day life. Moreover, all the departments are functioning
persons, which has resulted in profit maximization. TTP's welfare facilities greatly
emphasis on the high concern it has for the human resource. With these assets,
TTP is now facing great pollution problems, which will be solved soon with the
upcoming of the Effluent Treatment Plant Project. The Company is expecting good
profit in the coming years. With a strong management and dedicated work force, TTP
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can overcome all its problems and exploit the ever-increasing market of Titanium
Dioxide.
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