ACKNOWLEDGEMENT

In an organization, is it an industry, a school or society, no outcomes can be achieved by one

man working in isolation. It’s always a group working and achieving the outcome in totality. It is
the outcome of all the guidance and support that I received from this organization. This project
has been an endeavor to integrate my knowledge, skill and ability in the pursuit of excellence in
my chosen fields.I would take this opportunity to acknowledge a debt of deep gratitude to many
people for their valuable assistance and continuous support during the course of mba.I convey
my sincere thanks to Mr.S.K.Das, General Manager (Training and Development) for allowing
pursuing summer training in this prestigious organization.I am also thankful to Mr. Ajay Joshi,
Vice president (Finance & Accounts), and other members of the accounts department for
providing necessary help whenever required for the completion of the project.I am thankful to
our guide Mr.Vimal Raheja, Senior Manager (Finance & Accounts), for his valuable guidance
and his precious time he develop for mentoring us, without which this project would not have
been successful.I sincerely express my thanks to my Finance faculty Prof. SWATI
CHAUDHARY for his valuable guidance and intellectual suggestions during this project. I also
express my sincere thankfulness to my mentor Prof. SWATI CHAUDHARY for his kind
advice, suggestions and constant help in a lot of various ways during project course. I would be
failing in my duty if I don’t express my profound gratitude to the entire respondent who has
spent their valuable time to answer the questionnaire. Last but not the least; I would also like to
expand my thanks to my parents and family and all faculty members of Institute of Technology
and Science, Ghaziabad, who have helped a lot during the course of my project.I am also
thankful to the librarian for allowing us access to valuable journals and reports which gave life-
blood to our project.

SWATI MISHRA
 PREFACE
The report has been intended to reflect some of the basic issue covered under the “Working
Capital Management” of Hindalco Industries Ltd., a first truly MNC in India. All the aspects
have been formulated and presented on the basis of the idea and information gathered by the
investigator during the span of project. This gives a practical exposure of the content, under topic
what has already been studied in the classroom in theoretical form.

This report has been written in response to comprehensive study conducted on the topic. The
reports mentions and evaluate various aspects, pertaining to the working capital management of
the company.

After the thorough analysis of various facts and stand figures, a set of conclusion has been given
the prime consideration, while compiling the report and are authoritative and authentic.

I make sure that anyone who goes through the report will learn how much we have learn so for,
and can get the benefit of the same.
 EXECUTIVE SUMMARY
This project has been great learning experience for me; at the same time it given me enough
scope to implement my analytical ability. This project as a whole can be divided into two parts:

1. The first part gives an insight about the working capital and its various aspects. It is
purely based on whatever I learn at HINDALCO INDUSTRIES LTD. One can have a
brief knowledge about working capital and all its basic through the project.All the topics
have been covered in a very systematic way. The language has been simple so that even
a layman could understand. All the data’s have been well analyzed with the help of
charts and graphs.

2. The second part consist of data’s and their analysis, it covers the topic “Management of
Working Capital”. The data has well organized and presented. Hope the research
findings and conclusion will be of use.

3. The research is conducted by the use of financial reports (Annual report) of the company.
The data is secondary and is made available by the organization for conducting the
research.