The public sector in India today finds itself facing competition in an increasingly volatile environment, brought by globalization as well as by liberalization of the domestic market. To stay in the competition, steel producers like Steel Authority of India Limited have to develop new competencies among employees like their strong counterparts. Given the opportunities and by providing the right type of climate in the organization, the employees can be helped to give full contribution to their potentials, to achieve the goals of the organization, and thereby ensuring optimization of human resources. Thus, an optimal level of HRD Climate is essential for facilitating HRD at major manufacturing units of the organization like Rourkela Steel Plant. The study is aimed at assessing the extent of developmental climate prevailing, through identifying and measuring the perceived organizational culture and its various dimensions. 644 responses to the five-point scale 38-item questionnaire developed by T.V. Rao and E. Abraham were obtained from the plant and in addition to this, only the executives among them were asked to give responses to the four-point scale questionnaire based on the OCTAPACE profile developed by Udai Pareek. The findings of the study helped to identify the weaker aspects of culture in terms of values and beliefs that prevail in the organization. On the basis of these diagnoses the management can take the opportunity to work upon the identified weaker aspects and develop better organizational culture.