ABSTRACT

The word cement means any substance applied for sticking things. But cement is most
vital and important material for modem construction as a binding agent .In the ancient times
,clay ,bricks and stones have been used for construction work. The 85-year –old Indian
cement industry is one of the cardinal and basic infrastructure industries which enjoys core
sector status and played crucial role in the economic development and growth of a country.

Being a core sector this industry was subject to price and distribution controls almost
uninterruptedly from world war-II. When government of India announced the partial
decontrol manufacturing cement became increasingly attractive and the industry experienced
substantial expansion. As the supply in response to the 1982 partial decontrol was significant
in March 1989, price and distribution control were finally dispensed with .It was one of the
first Major industries in the country to be so deregulated.The objectives of this study are to
provide a theoretical framework of budget, and budgetary control.

To describe the profile of the organization as a backdrop for undertaking a study of

budgetary control system. To analyze the budgetary system in practice in Kesoram cement
Industries Limited (hereafter Kesoram) with particular reference to their objectives and
phases of organizational and reappropriation. In addition to the analysis of the conventional
budgetary system in practice in Kesoram cement Industries limited. The study aims at
evaluation and modification to the budgetary system with reference to the various types of
budgets. The scope in the formulation of performance budget is also studied.