Objective of the Visit

The objective of this visit was to see the practical application of the
various theories related to the management studies.The visit helped us to
know how the functions of management are applied in the industry.

1
 Name of the organisation

The full name of this organisation is Juggilal Kamlapat Lakshmi Cement

Ltd. Its website is www.jklakshmicement.com. Its registered address is as
follows:

J.K. Lakshmi Cement,

Moti Bhoyan,

Taluka – Kalol,

District – Gandhinagar,

Gujarat.

2
 Business Philosophy

Being customer – focused and responsive to change, J.K. Lakshmi

Cement is balanced by a clear understanding that value as well as guide
their decision making.

As they are guided by prudent rules and regulations they are able to
provide multiple ways to do business in a more secure environment.

They encourage management and staff to demonstrate

responsiveness and flexibility in servicing customer needs and solving
consumer problems.

They support open communication at every management level of the

business processes.

They recognize and accept changes wherever possible to become

responsive to consumer needs.

They support a user – friendly environment in order to improve

customer and employee satisfaction.

They take responsibility for the retirement and health benefits of their
staff.

They consider it to be their responsibility to deliver consistent and

timely information to their customers about the rules, policies, regulations
and laws that govern the programs they administer.

3
 Mission Statement

The mission of this organisation is to be recognized as an Efficient,

Component and Premium Cement Brand.

Vision Statement

The vision of this organisation is to achieve 12 Mil. by the year 2012.

4
 Aims and Objectives

The aims and objectives of J.K. Lakshmi Cement are as follows:

1. To inform the people about various plans and schemes formulated by

the company for their benefits.
2. To reinforce people’s faith in the company through constant personal
contacts.
3. To mobilize public opinion in favour of implementation of welfare and
developmental programmes.
4. To establish good rapport with the people at the grassroot level for
their active participation in the developmental activities.

5
 Status of the company in the Market
J.K. Lakshmi Cement is listed at both the Bombay Stock Exchange
as well as the National Stock Exchange. On 6th of November, its last
trading price was 125.40 as stated in the National Stock Exchange.Its
weightage is on Midcap Index.

6
 Special Awards and Recognition

The special awards and recognition given to J.K. Lakshmi cement are
as follows:

1. Green Tech Safety Award

2. Golden Peacock Environment Management Award
3. People Management Award
4. Award for Excellence in Innovative HR Practices
5. First Prize for maximum participation in training at Regional Training
Centre, Nimbahera.
6. Building Leadership Award
7. Productivity Excellence Award

7
 Main History
J.K. Organisation owes its name to Late Lala Juggilal Singhania and
his son Late Lala Kamlapat Singhania. Inspired by the cause of Swadeshi
movement by Mahatma Gandhi and driven by the zeal to set up an Indian
enterprise, Lala Kamlapat Singhania founded J.K. Organisation in the 19 th
century – ushering a new industrial era in India.

J.K. Lakshmi Cement was first started in the year 1982, in a small
remote area of the zero industrial district of Sirohi in Rajasthan. It has
completed 25 years of its existence, being renowned for its strength, quality
and performances. J.K. Lakshmi is one of the most established names in
the cement industry, having state-of-the-art plant at Jaykaypuram, Sirohi
district, Rajasthan and an annual capacity of 3.65 million tonnes.

8
 Recent Achievements
The various achievements of J.K. Lakshmi Cement are as follows:

1. In the year 2009 J.K. Lakshmi Cement was awarded the “Productivity
Excellence Award 2007-08” by Rajasthan State Productivity Council
at Jaipur.The award was presented in recognition of the unique
productivity measures achieved by the company.
2. In the year 2008, J.K. Lakshmi Cement was awarded the “Energy
Conservation Award”. This award was presented to them by Mr.
Sushilkumar Shinde who was then the Union Minister of Power.
3. Ms. Vinita Singhania, Managing Director, J.K. Lakshmi Cement, the
flagship company of J.K Organisation was conferred with “CEO with
HR Orientation” award at the 16th Asia Pacific HR Congress held at
the Oberai, New Delhi on 22nd August, 2008.
4. J.K. Lakshmi Cement has been awarded by “National Council for
Cement and Building Materials” during an international seminar, held
at Hotel Ashok, New Delhi in two main categories i.e. Best
Improvement in Thermal Energy Performance and for Second Best
Environment Excellence in Plant Operations.
5. The “Building Leadership Award” was presented to J.K. Lakshmi
Cement at the second Building Industry Leadership Award – 2007
held at Hotel Intercontinental the Grand, New Delhi. It won the award
in the Material Industry for its outstanding performance.
6. J.K. Lakshmi Cement Ltd.’s Cement Plant has been rated as the
“Greenest Cement Plant in Rajasthan” as well as the “Third Greenest
Cement Plant in India” by the Centre for Science and Environment.

9
 Form Of Organisation
This is a company form of organization. As seen in any organization, even
this organization has its own advantages and disadvantages.

Following are the advantages of this organization:

1. Division of Labour:
There is a clear cut segregation of the marketing and
distribution department. The work is distributed between all the
departments in such a way that the work is carried out very easily
without any problems.
2. Proper Co-ordination:
There is proper co-ordination between all the departments and
the decisions taken by them. As a result there is no duplication of
work and all the functions are carried out smoothly.
3. Raw Materials:
Nearly 75% of the material used is brought from outside as raw
materials due to which the cost of production within the organization
is comparitively less.
4. Less Wastage:
The wastage of other organizations are used as raw materials
in this organization and there is no wastage during the production
process.

Following are the disadvantages of this organization:

1. Decisions by Majority:
As the decisions in the company meetings are taken by
majority, the minority shareholders have no voive.
2. Secrets cannot be Maintained:
A company has to disclose all its business affairs to the public.
It has to publish its Balance Sheet, Profit and Loss Account and
many other details. Keeping all this affairs a secret is generally very
essential in a competitive market.

10
3. Misuse of Information:
The directors possess every bit of information pertaining to the
management and business of the company. As a result they can
misuse information given to them for their personal gain.
4. Taxes:
The burden of taxes on the company organization is very huge.
A majority of the companies in India pay to the government income
tax amounting to as much as 35 to 38 percent of their net profits.

11
 Organization Structure

 Hari Shankar Singhania, Chairman

 Bharat Hari Singhania, Vice Chairman and Managing Director
 B.V. Bhargava, Director
 Nand Gopal Khaitan, Director
 Pradip Roy, Director
 Pravinchandra V. Gandhi, Director
 Raghupati Singhania, Director
 P. Narasim haram ulu, Director
 V.K. Guruswamy, Director
 Vinita Singhania, Managing Director
 Shailendra Chouksey, Whole-Time Director
 S.K. Wall, Whole-Time Director

12
 Factory Address
The factory address of J.K. Lakshmi Cement situated at Gujarat is as
follows:

J.K. Lakshmi Cement Ltd.,

Moti Bhoyan,

Taluka – Kalol,

District – Gandhinagar,

Gujarat.

13
 Reason For Choosing Particular Location

The reason for choosing this particular location isthat it is very near to
the Gujarat Financial Hub situated in Ahmedabad and it is logistically
connected to the financial hub in Mumbai. Here the manpower is available
at very low cost. This location has a benefit of having the shipping facility
nearby only. The supply of electricity is done by the GEB at a normal rate.
This is because here the production is not done during the peak hours.

14
 Benefits of Location

1. The location of this plant at Kalol is very near to the financial hub.
2. The National Highway being close by is also considered to be very
beneficial.
3. The cost of electricity is very low for this area especially this plant as
they do not consume electricity during the peak hours.
4. There is a continuous supply of water which is very important in the
cement manufacturing process and this plant also has its own bore
well.
5. The labour cost is cheap.
6. There is heavy demand for accomodation and housing facilities in the
state.
7. The growth rate of Gujarat is very high.
8. The government of Gujarat gives great importance to the
infrastructural facilities in the state.
9. It is very near to the mother plant held at Sirohi, Rajasthan.

15
 Limitation Of Location

1. There is no tax holiday in this region.

2. The charges for electricity during the peak hours is very high.
3. Other than the bus provided by the company for the transportation of
workers, there is no other availability of transportational facilities
locally in the area.

16
 Product Range

The cement manufacturing technology that is used byJ.K. Lakshmi

Cement ensures that the final product that will be produced will adhere to
the globally accepted standards of quality and performance.The three
different variants that J.K. Lakshmi Cement comes in are as follows:

(1) Cement 53 Blended

(2) 53 Graded OPC

(3) 43 Graded OPC

The cement manufacturing facility in Sirohi has an annual production

capacity of 3.5 million tonnes.The quality of limestone that is used as a raw
material in this manufacturing process is of such a superior quality that
even without adding clay or any other such material, the quality of the
cement produced can be compared with the cement produced in the best
cement industries across the world.Only the cement produced in the J.K.
Lakshmi Cement comes with the unique Mazbooti guarantee consisting of
strength, fineness, setting time, weight and colour.

The Plaster of Paris decorations related to cornices, ceiling roses,

columns and lots of other possibilities add a special and personal touch to
a home. J.K. Lakshmiplast offers an ideal solution for all POP applications.
It has an exceptionally superior whiteness. This brand guarantees
consistency not only in quality, but also in post sales services such as
technical and logistic support.

By usingJ.K. Lakshmi Power Mix, savings can be done on the

consumers total cost of construction. Studies indicate that on using J.K.
Lakshmi Cement, almost 15.5% savings in construction costs can be
achieved in terms of factors likequality and wastage avoidance.

17
 Production Process
The production of cement undergoes a process which is as follows:

1. Raw Materials:
The basic raw material used in the manufacturing of J.K. Lakshmi
Cement, the good quality cement grade limestone, is abundantly available
in the mines withis the J.K. Lakshmi factory premises that is spread over an
area of 400 hectares.

2. Blasting:
Limestone, obtained from mines, undergoes a process of heavy
blasting which is conducted under strict supervision and safety
precaution.The limestone obtained from J.K Lakshmi mines, being of a
superior quality, removes the need to add clay or any other additional raw
material that is normally added during th eprocess of cement
manufacturing.

3. Crushing:
The limestone which is in the form of huge stones is loaded in
dumpers and transported to the crushers which is a machine used to crush
the huge stone into small and manageable chunks that are 20 mm in size.

4. Quality Check:
The limestone obtained from the crusher undergoes a rigorous quality
check which is done using German Metric Machine and cross belt analyzer.

5. Reject-belt Conveyor:
The engines at J.K. Lakshmi ensure that unsuitable limestone is
dumped using a reject-belt conveyor.

6. Circular Pre-blending:
The engineers at J.K Lakshmi Cement assume that only the best
quality of limestone is sent to the circular pre-blending stock pile.

18
7. Grinding:
Using an accurate weighing mechanism, tha material is fed into the
Loesche mill roller mill, which is a vertical mill with huge rollers used for
grinding the material.

8. Blending Silo:
Powder form of raw materials of different grades is mixed
homogeneously in the blending silo with the help of air slides.

9. Calcination:
This stage is said to be the most critical stage in the J.K. Lakshmi
Cement manufacturing process. The raw material is fed into a kiln, which is
a huge rotating furnace. Using coal as a fuel, the kiln heats the raw
materials to a temperature of 1400 degrees celcius, which is almost one
fourth of the mean surface temperature of the sun.

10. Cooling:
Subsequent to the intense heating, the raw material is now sent to
the CFG Cooler to bring down the temperature of the material to 200
degrees celcius. The sudden cooling of the material results in the formation
of a grey coloured modules known as clinker.

11. Clinker Storage:

Clinker, a prestructural reinforced cement concrete, is sent to a
clinker silo to avoid any unwanted effects of the weather.

12. Clinker Milling:

Clinker and Gypsum are fed to the cement mill in definite proportion
with the help of a weigh feeder.

13. Packing and Transporter:

Cement is packed into HDPE/PP bags with the helpvof an automatic
electronic packer that is supplied by ventomatic, Italy. Before the cement
leave for the different J.K. Lakshmi sites across the country, they pass
through an electronic weigh bridge for the final weighing of cement.

19
 Plant and Technology

The Portland cement is prepared in J.K. Lakshmi Cement. For

making one ton of ordinary Portland cement the following raw
materials are used in the following proportions:
1350 Kg Limestone
300 Litres Water
94 Kg Coal
65 Kg Gypsum

The major cost components occuring during the production of

portland cement is as follows:
Taxes – 8%
Raw Materials – 13%
Overheads – 5%
Employment Expenses – 3%
Power – 18%
Coal (Clinker) – 13%
Excise – 17%
Packing – 4%
Freight – 19%

20
 The clinker used is obtained from Sirohi in Rajasthan which is
at a distance of 40 Kms from Abu Road and at a distance of 250 Kms
from Ahmedabad.
The main component part of cement is Clinker, Gypsum and Fly
Ash. Fly Ash is a wastage received from different companies which
generate electricity. Due to this Fly Ash, the strength of the Ordinary
Portland Cementhas increased. There is no wastage at all.
The electricity is supplied by GEB i.e. The Gujarat Electricity
Board. The manufacturing of cement is done only in that period of
time when the charges of electricity usage is low. There is no
production taking place during the peak hours because during peak
hours the charges of electricity usage is comparatively higher.
Manufacturing of the cement is done usually between 7am to 11am
and 6 pm to 10 pm. The electricity bill is of nearly 1.13 crores.
The clinker which is obtained from the wastage of Torrent and
GEB is brought in by trucks. These trucks are then unloaded with the
help of a grinding unit which has a capacity of 100 tons. This unit is
completely automatic. With the help of this unit, in an hour nearly four
trucks can be unloaded. There are in all three shifts. In all the three
shifts there are in all three operators to operate the system of
unloading the trucks. Maximum 2000 tons of clinker can be unloaded
every day and on a average 1500 tons of clinker is unloaded.
There is a hopper into which 175 metric ton of clinker is mixed
with an additive and Gypsum of 90 metric ton each. There is a
centralized control room for undertaking all such activities during the
production of Portland Phozzolona Cement.
The selling on the cement is done in two ways. The first is in a
plastic bag for sales and related economic reasons and the second is
to nano and even local builders. There are two different colours of
bags used.The white bag is used for institutional buyers and the
green bag is used for retail sale. The filling up of the bags is done on
the basis of usage. The packing is done with the help of a Roto
Packer. Every day on an average 30000 bags are sold and per month
nearly 9 lakh bags are sold.

21
 Plant Layout
Plant Layout is very essential and it has to be brought into
consideration from the very beginning so as to avoid problems in future.
The best layout is that, which is both systematic and cheap. It is an
arrangement of machines and plants in such a way that it leads to cost
reduction with maximum output and best quality product. It is an agreement
insisting that each operation is performed with the least inconvenience.

The plant should be laid out in a scientific and systematic manner.

The layout should be flexible so that changes can be easily made without
any hindrance or inconvenience.

Men, machinery, materials and other related activities should be

integrated in such a way that they can guarantee the best production
results.

The working place should be safe. The environment should be dust

and noise free. Maximum number of employees should get maximum
safety and satisfaction.

In a good plant layout, there should be maximum utilization of

available space in a very economical manner.

22
 Measures To Pollution Control
J.k. Lakshmi is an OHSAS 18001:1999, certified cement plant. It
continuously focuses on its Safety and Occupational Health standards. The
recent procurement of a Fire Tender in January, 2008 bears testimony to
this fact. Every employee at J.K. Lakshmi realizes the importance of safety
for himself, his co-workers, equipments as well as the environment.
Following are the measures undertaken by J.K. Lakshmi Cement to control
the pollution related to air, noise as well as water:-

 There is huge reduction in the fugitive emission.

 The truck parking area which is of 14000 sq. feet has a cement
flooring.
 The roads inside the plant colony are completely made of cement.
 The roads leading to the highway which is nearly 5.0 Km is
completely made of cement.
 Vacuum cleaner has been installed inside the packing plant.
 A road sweeping machine has been purchased.
 There is a huge reduction in the GHG emission.
 Greenery improvement can be seen inside tha plant.
 Parks and gardens have been developed in township which has a
total area of15.0 hectare.
 5000 samplings of JETRPHA have been planted inside the mines
area.
 10000 samplings have been planted inside the plant as well as
township.
 500 NEEM trees have been planted on both sides of the road leading
to the main highway.
 Conservation of water also takes place.
 Rain water harvesting is done to recharge the bore wells.
 Check dams are constructed in mines areas for the water harvesting
to take place.
 Three dams have been created for the storage of rain water in
township having an area of 45000 m3.

23
Area Of Factory

24
Capital Employed

25
 Sales Turnover

J.K. Lakshmi Cement has risen by 227 percent to Rs. 38.35 crore for
the first quarter that ended on June 2006. Turnover increased by 44
percent to Rs. 218 crore against Rs. 151 crore in the year ago period.
Production has registered a growth of 12 percent at 7.61 lakh tonne. The
increased profitability is the result of enhanced effeciency parameters of
production, working capital management and better prices.

26
 Profit
Net profit of J.K. Lakshmi Cement rose at a rate of 75.48% and
reached Rs 47.17 crore in the quarter that ended in September, 2009
against Rs. 26.88 crore during the previous quarter that had ended in
September, 2008. Sales rose at a rate of 17.68% and reaches Rs. 345.19
crore in the quarter that ended in September, 2009 against Rs. 293.34
crore during the previous quarter that had ended in September, 2008.

27
 Dividend

The board of J.K. Lakshmi Cement has declared an interim dividend

of Rs. 2/- on one Equity share of Rs. 10/- each which is 20% of the share
price for the financial year 2009-10. It has also approved the sub – division
of the existing Equity shares costing Rs. 10/- each into two Equity shares of
Rs. 5/- each that is subject to approval of members at the Extra – ordinary
General Meeting of the Company to be held on the 4 th of December, 2009.
This was approved at the Board meeting that was held on 27 th October,
2009.

A 40% dividend has been declared on the Equity share capital of Rs.
61.18 crore. The Dividend outgo for the current fiscal would amount to Rs.
28.63 crore which is inclusive of a dividend distribution tax of Rs. 4.16
crore.

28
Profit n Loss A/c

29
Balance Sheet

30
Marketing Position

31
 Market Share
The marketing position of J.K. Lakshmi Cement during the last fiscal is as
follows:

Months Bombay Stock National Stock

(2008-09) Exchange Exchange
High Low High Low
April 08 129.80 110.00 130.00 109.95
May 08 120.50 101.10 120.90 101.20
June 08 103.00 83.50 104.00 83.50
July 08 91.90 75.00 92.00 75.15
August 08 97.00 76.65 87.00 76.60
September 08 81.00 55.50 80.00 54.15
October 08 62.00 30.25 63.00 31.00
November 08 43.95 31.00 44.50 31.70
December 08 43.50 31.25 45.00 31.50
January 09 44.20 34.50 44.05 35.00
February 09 42.50 35.80 42.95 35.80
March 09 45.00 34.80 44.90 35.10

32
33
Physical Distribution And Channels

34
Advertising And Sales Promotion

35
Level Of Competition

36
Export Oriented Market

37
Number Of Workers

38
 Selection And Recruitment
J.K. Lakshmi participates in campus recruitment programs across
reputed Engineering and Management campuses and also conducts a
number of off-campus initiatives throughout the year at various locations.
They also hire experienced professionals from various industries at
relevant middle and senior level positions.

Selection process is designed to recognize outstanding talent and

exceptional capabilities. It is company’s continuous effort to identify gifted
individuals who can be valuable members of the J.K. Lakshmi Cement
family. Following are the stages of the selection procedure:

The first stage is when the applications are screened by a panel of

functional and HR experts.

At the second stage, the short listed candidate is invited for a

personal interaction also known as a personal interview.

The personal interaction stage focuses on the ingenuity,

professionalism and confidence level of the candidate.

The candidate must be ready with substantiation for the acquirements

and accomplishments – the How, What, Why, Where and When of things!

Some of the qualities they look for include a positive attitude,

excellent inter-personal skills, creativity, lateral thinking, leadership, clear
understanding of business, intellectual rigor, functional excellence, learning
attitude and a high energy level.

The interaction is followed by a Psychometric assessment of the

candidate using internationally acknowledged instruments like the
Thomas Value Profile.

39
 Training And Development
The Performance Management System at J.K. Lakshmi Cement
ensures that performance and achievement do not go unnoticed. It
provides an opportunity to the employees to monitor their progress and
develop into complete professionals. The cornerstone of our Performance
Management System is the Appraisal System. Individual performance
targets in the form of Key Result Areas are set at the beginning of the year
through consultation with the reporting managers. At the end of each year,
each employee’s performance is assessed against the set Key Result
Areas. Performance Management provides the employee an opportunity to
discuss his/her achievements during the given period and to focus on
improvement areas.

We believe in creating and nurturing leaders. Leadership is about

lifting a person’s vision to higher sights, the raising of a person’s
performance to a higher standard, the building of a personality beyond its
normal limitations. Succession planning is a must in order to ensure that
the organization has the right people in place to handle future challenges.
Mentoring and coaching processes are essential for grooming future
leaders. Succession planning takes place at the right time at the right
place.

40
 Emoluments And Compensation

For the benefits of the employees, two plans are taken into
consideration. The first one being Defined Contribution Plan that includes
employee benefits in the form of Superannuation Fund,Provident Fund and
ESIC. The second plan is the Defined Benefit Plan. This includes
retirement benefitsin the form of Gratuity, Leave Encashment and PF
(funded). They are provided for on the basis of an actuarial valuation, using
the projected unit credit method. Short term compensated absences are
provided based on past experience of the leave availed.

41
Performance Evaluation And Promotion

42
Trade Union

43
Quality Assurance Techniques

44
 Future Plans And Projects

J.K. Lakshmi Cement is planning to set up five ready – mix concrete

plants with an investment of around Rs. 1000 crore by the end of the
current financial year.

The 4 - 5 RMC plants that will be set up in four locations will add
value to the company. It will have a good future as there is a continuous
increase in the demand of cement.This expansion would be funded through
internal accruals.

Most of the existing facilities being utilised to their optimum capacity,

in order to meet extra demand, a target has been set up to construct 6-7
RMC plants a year. Setting up one RMC plant would cost Rs 140-200
crore.

Construction work on the two plants is on and the company would

launch the other projects very soon. During the last financial year, JK
Lakshmi set up five RMC plants each with a capacity of 60 cubic million
tonnes per year in Ahmedabad, Baroda, Jaipur, Mohali and Surat, taking
the total number of RMC units to 10.

The company is expecting to minimise its operating cost after its 36

megawatt captive power plant at Sirohi (Rajasthan) gets commissioned
later this year.

With rising input costs pressure, several cost-cutting measures will be

undertaken to ensure that the fund requirements for value addition can be
met through internal accruals. The rising cost of power plants has also
made it necessary to set up captive power plants for each of cement units.

J.K. Lakshmi Cement has developed a cement plant at Sirohi with a

production capacity of 5 million tonnes.

The company said currently it is able to reduce power consumption to

79 kwh per tonne of cement from 83 kwh per tonne in the previous year,
besides reducing coal consumption to 80 kg per tonne from 84 kg per
tonne.

45
 The company is installing a split location grinding unit at Kalol in
Gujarat to augment its capacity to 4.75 million tonnes from 3.65 million
tonnes.

The company will invest Rs 1,200 crore to set up a greenfield project

in Chhattisgarh with an annual capacity of 2.7 million tonnes, which is
scheduled to be in commission by 2011.With the completion of the plant at
Durg in Chhattisgarh, the production capacity will go up to 7.5 million
tonnes per annum.

46
 Amount Spent On Research

Rs. 125 crore is being spent on setting up a Waste Heat Recovery

Power project. During the year J.K. Lakshmi Cement has spent Rs. 0.28
crore on researches and development which is equivalent to 0.02 % of the
turnover.

47
 Social Obligations
Following are the different social obligations carried on by J.K.
Lakshmi Cement Ltd. These are the different social activities performed by
the company for the welfare of general public and nation:

1. Naya Savera:
Naya Savera, an integrated family welfare programme, was
launched in July 2004 with the main objective of providing health
related and family planning related advices to the families of masons
and all the villagers in general. It was launched in collaboration with
the Population Foundation of India. There have been 728 mobile
clinic visits and 2168 household visits in the year 2005-06 conducted
by the Naya Savera team. There have been 12000 beneficiaries of
this programme till date.
2. Medical Camps:
Many medical camps are frequently set up by J.K. Lakshmi
Cement for the benefit of the physically challenged.Free medical help
from qualified doctors and appropriate supportive equipment is
distributed to the patients as part of these camps. The facilities of free
eye operations and post operative treatment are also provided to eye
patients as pere their requirment.
3. Environment:
J.K. Lakshmi Cement is deeply conscious of its responsibility
towards the environment. Extensive plantation of trees, keeping the
emissions within strict norms, treatment of the effluents and
conservation of water are some of the issues that receive regular
focus from the J.K. Lakshmi Cement management.
4. Sahyogi Sanrakhak Club:
This is an institution that covers over 34000 members inclusive
of masons, small contractors and other skilled workers of the
construction industry. Here, the members are insured against
accidental deaths and permanent disability under the Group Personal

48
Accident Policy. The company has managed to arrange a benefit of
11 lakhs as insurance proceeds to various members of the club.

49
Findings

50
Suggestions

51
Conclusion

52
Reference

53