Abstract The purpose of this study is to analyze the importance and impact of different organizational climate dimensions in terms of employee’s satisfaction, employee motivation and performance in Action Ispat & Power (P) Ltd Jharsuguda of Odisha. The research on the effect of organizational climate on job satisfaction in Steel & Power companies in Odisha is essential, notably in terms of specific business environment which dwells in a transition era under complicated political and economic systems. The result of the study shows that there exists a significant relationship between organizational climate and job satisfaction among employees. The findings also revealed that job satisfaction under different categories of employees does not differ. The analysis and tests also revealed that there is no significant difference between organizational culture and the general health of the employees. The satisfaction level of employees on factors actors like opportunity for personal development and growth , participation in decision making , flexibility and freedom of job , relationship with colleagues, employer-employee relationship, measures for increasing morale , attitude of superiors, support from superiors ,cooperation from subordinates, staff strength, chance of attunement of goals and ambitions and communication system and flow of information in the organizations are at the positive side. This paper presents the comprehensive diagnosis of organizational climate and job satisfaction indices of Steel & Power business, the factors causing the dissatisfaction & suggestions to improve them