Hospet Steels Mechanical Engineer Salaries by 10+ Employees

2 - 12 years exp.

₹1.3 Lakh - ₹6.4 Lakhs

Salary of majority employees

14% less than the average Mechanical Engineer Salary in Iron & Steel Companies for 2 - 12 years of experience

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Last Updated: 12 Sep 2024

Companies similar to Hospet Steels for Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
SHYAM METALICS AND ENERGY Mechanical Engineer Salary 2 - 7 years exp. (71 salaries)	₹2 L/yr - ₹6 L/yr 9% less
Jai Balaji Group Mechanical Engineer Salary 2 - 8 years exp. (43 salaries)	₹1.8 L/yr - ₹6.1 L/yr 7% less
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Electrotherm Mechanical Engineer Salary 1 - 8 years exp. (39 salaries)	₹1.8 L/yr - ₹4.8 L/yr 5% less
Bmm Ispat Mechanical Engineer Salary 1 - 8 years exp. (30 salaries)	₹2.5 L/yr - ₹4.1 L/yr 7% less
Sunflag Iron and Steel Mechanical Engineer Salary 3 - 14 years exp. (28 salaries)	₹2.7 L/yr - ₹6.7 L/yr 18% more
Jayaswal Neco Industries Mechanical Engineer Salary 1 - 7 years exp. (24 salaries)	₹2.1 L/yr - ₹5 L/yr 20% less
Slr Metaliks Mechanical Engineer Salary 0 - 10 years exp. (24 salaries)	₹2.2 L/yr - ₹4.8 L/yr 13% less
Aarti Steels Mechanical Engineer Salary 0 - 9 years exp. (19 salaries)	₹2.4 L/yr - ₹7 L/yr 6% less
Ratnamani Metals and Tubes Mechanical Engineer Salary 1 - 8 years exp. (18 salaries)	₹2.4 L/yr - ₹4.6 L/yr 13% less
MSP Steel & Power Mechanical Engineer Salary 3 - 8 years exp. (14 salaries)	₹2.5 L/yr - ₹5.7 L/yr 10% more
Usha Martin Mechanical Engineer Salary 2 - 10 years exp. (14 salaries)	₹2 L/yr - ₹6 L/yr 5% more
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Kirloskar Ferrous Industries Mechanical Engineer Salary 0 - 9 years exp. (12 salaries)	₹1.8 L/yr - ₹6.3 L/yr 22% more
Jindal Industries Private Limited Mechanical Engineer Salary 0 - 8 years exp. (11 salaries)	₹1.5 L/yr - ₹3.6 L/yr 24% less
ISMT Mechanical Engineer Salary 1 - 32 years exp. (11 salaries)	₹1.9 L/yr - ₹8 L/yr 5% more
MM Forgings Mechanical Engineer Salary 4 - 13 years exp. (9 salaries)	₹2 L/yr - ₹4.8 L/yr 19% less
Rimjhim Ispat Mechanical Engineer Salary 1 - 6 years exp. (8 salaries)	₹2 L/yr - ₹3.1 L/yr 25% less
Indian Metals & Ferro Alloys Mechanical Engineer Salary 3 - 15 years exp. (7 salaries)	₹3 L/yr - ₹9 L/yr 29% more
Vandana Global Mechanical Engineer Salary 0 - 8 years exp. (7 salaries)	₹2 L/yr - ₹3.6 L/yr 33% less
Mukand Limited Mechanical Engineer Salary 1 - 3 years exp. (6 salaries)	₹2 L/yr - ₹3 L/yr 39% less
Welspun Corp Mechanical Engineer Salary 2 - 11 years exp. (6 salaries)	₹3.2 L/yr - ₹6 L/yr 1% more

View all

Mechanical Engineer salary at Hospet Steels ranges between ₹1.3 Lakh to ₹6.4 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 14 latest salaries received from various employees of Hospet Steels.

Experience wise Hospet Steels Mechanical Engineer salaries

Last Updated: 12 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹4.8 L/yr
3 years (AmbitionBox Estimate)	₹1.2 L/yr - ₹4 L/yr
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4 years (3 salaries)	₹1.3 L/yr - ₹4 L/yr
5 years (3 salaries)	₹2.2 L/yr - ₹6 L/yr
6 years (3 salaries)	₹1.9 L/yr - ₹4 L/yr
7 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹4.5 L/yr
8 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.4 L/yr
9 years (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.7 L/yr
10 years (AmbitionBox Estimate)	₹4.8 L/yr - ₹6.1 L/yr
11 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.5 L/yr
12 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹6.4 L/yr

View all

Similar Designation salaries in Hospet Steels

Electrical Engineer Salary

(3 salaries)

₹4.2 L/yr - ₹6 L/yr

Senior Engineer Salary

(5 salaries)

₹3.7 L/yr - ₹4.35 L/yr

Shift Engineer Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Executive Engineer Salary

(27 salaries)

₹3.9 L/yr - ₹8 L/yr

Junior Engineer Salary

(53 salaries)

₹1.9 L/yr - ₹4 L/yr

Maintenance Engineer Salary

(4 salaries)

₹3.6 L/yr - ₹4.1 L/yr

Site Engineer Salary

(AmbitionBox Estimate)

₹2.5 L/yr - ₹3.2 L/yr

Assistant Engineer Salary

(AmbitionBox Estimate)

₹6.8 L/yr - ₹8.6 L/yr

Production Engineer Salary

(5 salaries)

₹2.4 L/yr - ₹4.8 L/yr

Technician Salary

(4 salaries)

₹2 L/yr - ₹2.25 L/yr

Salary related reviews for Hospet Steels

4.0

Rated by 2 employees for salary & benefits

Chief Security Officer in Hosapete

Full Time

Security Department

5.0

• posted on 04 Jan 2023

5.0

for Salary and Benefits

Likes

...ment is transparent. There is a good swimming pool n gaming arcade for chilling. The company policies r good, appraisals r fair n they give good salary hike n bonus every year.

Salary - Excellent

+6 more

Dislikes

Nothing to write...

Electrical & Instrumentation Technician in Koppal

Other Department

5.0

• posted on 20 Apr 2022

4.0

for Salary and Benefits

Likes

Good work environment and culture Teammates are supportive and the management. give good appraisals are fair and good salary every year bonus

Salary - Good

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow. There is a bond of 2 years before which you cannot resign. On the job training is not given to new joinees.

Diploma Trainee Engineer in Hosapete

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 04 Sep 2024

5.0

for Salary and Benefits

Likes

Here there is a lot of opportunity to learn because it is about work They tell us and tell us to work

Salary - Excellent

+6 more

Dislikes

There is a lot of dust and the road side is not clean at all and the canteen arrangement is also not good

Purchase Executive in Koppal

Full Time

Procurement & Supply Chain Department

3.0

• posted on 01 Aug 2022

1.0

for Salary and Benefits

Likes

Bus Facility, Office timings. nothing else

Dislikes

Dont have any belief in employees, Continious Audits, unnecessary work pressures and urgent requirements, insufficient warehouse inventory which leads everything urgent in purchase.

Salary - Bad

+4 more

Mechanical Engineer in Mumbai

Full Time

Production, Manufacturing & Engineering Department

5.0

• posted on 10 Dec 2017

4.0

for Salary and Benefits

Likes

in Our company here engineers not only do related work ,we are also learn about other type of works just like design ,material indent responsbility ,mechanical maintenance ,learn about TPM ,5s..

Salary - Good

+6 more

Dislikes

Nothing

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Hospet Steels Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Hospet Steels ?

The average salary of a Mechanical Engineer at Hospet Steels in India typically ranges from ₹1.3 Lakhs to ₹6.4 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Mechanical Engineer at Hospet Steels earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.4 Lakhs per year. Mechanical Engineer Salaries at Hospet Steels can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Hospet Steels employees in India.

What is the estimated take home salary of a Mechanical Engineer at Hospet Steels in India?

The estimated take-home salary of a Mechanical Engineer at Hospet Steels in India typically ranges from ₹29,494 to ₹30,865 per month. This is based on the average salary range of ₹1.3 Lakhs to ₹6.4 Lakhs per year for employees with experience ranging from 2 years to 12 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Hospet Steels. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Hospet Steels for Mechanical Engineer in India?

Emirates Steel Industries	₹15.0 Lakhs to ₹26.0 Lakhs per year
Tata Metaliks	₹5.3 Lakhs to ₹7.5 Lakhs per year
Indian Metals & Ferro Alloys	₹3.0 Lakhs to ₹9.0 Lakhs per year
Kirloskar Ferrous Industries	₹1.8 Lakhs to ₹6.3 Lakhs per year
Sunflag Iron and Steel	₹2.7 Lakhs to ₹6.7 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Hospet Steels, depending on the role and experience level.

What is the salary of a Mechanical Engineer in companies similar to Hospet Steels in India?

The salary of a Mechanical Engineer at companies similar to Hospet Steels in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

MSP Steel & Power	₹2.5 Lakhs to ₹5.7 Lakhs per year
Sanyo Special Steel Manufacturing	₹2.8 Lakhs to ₹4.5 Lakhs per year
ISMT	₹1.9 Lakhs to ₹8.0 Lakhs per year
Usha Martin	₹2.0 Lakhs to ₹6.0 Lakhs per year
Welspun Corp	₹3.2 Lakhs to ₹6.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Mechanical Engineer at Hospet Steels in India?

The salary growth for a Mechanical Engineer at Hospet Steels depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer can expect the following growth trajectory at Hospet Steels:

Experience	Average Salary Range
2 years	₹1.4 Lakhs to ₹4.8 Lakhs per year
3 years	₹1.2 Lakhs to ₹4.0 Lakhs per year
4 years	₹1.3 Lakhs to ₹4.0 Lakhs per year
5 years	₹2.2 Lakhs to ₹6.0 Lakhs per year

and so on.

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Hospet Steels Mechanical Engineer Salaries

Hospet Steels Mechanical Engineer salary in India ranges between ₹1.3 Lakh to ₹6.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 Hospet Steels latest salaries received from various employees of Hospet Steels.