Indian Oil Corporation Kolkata Mechanical Engineer Salaries by 9 Employees

1 - 5 years exp.

₹4 Lakhs - ₹6.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

11% less than the average Mechanical Engineer Salary in Oil & Gas Companies for 1 - 5 years of experience

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Last Updated: 6 Dec 2024

Companies similar to Indian Oil Corporation for Mechanical Engineer in Kolkata

Indian Oil Corporation Mechanical Engineer Salary

1 - 5 years exp. (9 salaries)

₹4 L/yr - ₹6.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Hindustan Petroleum Mechanical Engineer Salary 1 - 5 years exp. (3 salaries)	₹4 L/yr - ₹5.5 L/yr 14% more
Larsen & Toubro Limited Mechanical Engineer Salary 0 - 10 years exp. (41 salaries)	₹1.8 L/yr - ₹9.1 L/yr 30% more	1 job opening
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Super Smelters Mechanical Engineer Salary 1 - 7 years exp. (15 salaries)	₹2 L/yr - ₹6 L/yr 16% less
Paharpur Cooling Towers Mechanical Engineer Salary 3 - 14 years exp. (13 salaries)	₹4 L/yr - ₹8.8 L/yr 57% more
Kiswok Industries Mechanical Engineer Salary 1 - 10 years exp. (11 salaries)	₹2 L/yr - ₹3.5 L/yr 29% less

Mechanical Engineer salary at Indian Oil Corporation ranges between ₹4 Lakhs to ₹6.5 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 9 latest salaries received from various employees of Indian Oil Corporation.

Latest annual salaries shared by Indian Oil Corporation Mechanical Engineer in Kolkata

3mo ago

₹4.9 Lakhs

2 years exp.

4mo ago

₹4.5 Lakhs

2 years exp.

4mo ago

₹4.5 Lakhs

2 years exp.

4mo ago

₹4.9 Lakhs

2 years exp.

4mo ago

₹4.9 Lakhs

4 years exp.

4mo ago

1 year exp.

1y ago

5 years exp.

1y ago

4 years exp.

1y ago

3 years exp.

Experience wise Indian Oil Corporation Mechanical Engineer salaries in Kolkata

Last Updated: 6 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
2 years (4 salaries)	₹1.3 L/yr - ₹4.9 L/yr
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3 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.3 L/yr
4 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
5 years (AmbitionBox Estimate)	₹4 L/yr - ₹5.1 L/yr

From

Mechanical Engineer

1 - 7 years exp.

Senior Engineer Mechanical

7 - 10 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Indian Oil Corporation

Electrical Engineer Salary

(3 salaries)

₹1.44 L/yr - ₹2.9 L/yr

Maintenance Engineer Salary

(3 salaries)

₹1.26 L/yr - ₹3.65 L/yr

Junior Engineer Salary

(3 salaries)

₹8.3 L/yr - ₹13.83 L/yr

Salary related reviews for Indian Oil Corporation

5.0

Rated by 1 employees for salary & benefits

Mechanical Engineer in Vadodara

Other Department

5.0

• posted on 19 Jun 2021

5.0

for Salary and Benefits

Likes

Being a part of IOCL its been pleasure and been proud of it... it's really jubilant moment to be a team part of it

Salary - Excellent

+6 more

Dislikes

On other side salary is a big issue...like its not affordable....not even basic mandatory cost it can be completed

Maintenance Engineer in Vadodara

Production, Manufacturing & Engineering Department

3.0

• posted on 13 Jun 2020

2.0

for Salary and Benefits

Likes

...nvironment but sometimes work is for important than life this type of situation in this company and also salary is not equal to the work thats my point and there is no security or social distance towards covid 19

Dislikes

There is no perfect time for in or out.

Salary - Poor

+5 more

Technician in Haryana

Other Department

4.0

• posted on 18 Jun 2020

3.0

for Salary and Benefits

Likes

supporting for rashan, supporting for time to salary, not forcing for doing work compulsary..if I have no knowledge that work all staff help us.

Skill development - Good

+2 more

Dislikes

increasing salary for labours or technical private staff

Technician

Other Department

2.0

• posted on 31 Oct 2019

3.0

for Salary and Benefits

Likes

In IOCL all staff behavior is well. By a engg learn many kind of technical issue such as fault. For permanent employee secure his future...am also want to persuing job in IOCL for permanent employee

Job security - Good

+2 more

Dislikes

Dislike in IOCL is doing by contractor job his employee not happy because not pay by contractor time to time payment...all technician, engg., labour's work through contractor is want to help plz they say about his sic for punish his contractor ..... Plz

Work-life balance - Poor

Technician

Construction & Site Engineering Department

5.0

• posted on 17 Dec 2019

5.0

for Salary and Benefits

Likes

I hanve a great experience for IOCL

Salary - Excellent

+5 more

Dislikes

Compensation is decent,but no growth for Apprentice.No work pressure but to learn about machines operation and maintenance.We work only 8 hours in which 1 our was for lunch.We reported to our safety officer.

Promotions - Bad

see more salary related reviews

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Indian Oil Corporation Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Indian Oil Corporation in Kolkata?

The average salary of a Mechanical Engineer at Indian Oil Corporation in Kolkata typically ranges from ₹4.0 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Mechanical Engineer in Kolkata at Indian Oil Corporation earn more than ₹6.5 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Mechanical Engineer Salaries at Indian Oil Corporation 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 9 Indian Oil Corporation employees in India.

What is the estimated take home salary of a Mechanical Engineer at Indian Oil Corporation in Kolkata?

The estimated take-home salary of a Mechanical Engineer at Indian Oil Corporation in Kolkata typically ranges from ₹30,196 to ₹31,507 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 1 year to 5 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 9 salaries received from various employees of Indian Oil Corporation. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Indian Oil Corporation for Mechanical Engineer in India?

Paharpur Cooling Towers	₹4.0 Lakhs to ₹8.8 Lakhs per year
Larsen & Toubro Limited	₹1.8 Lakhs to ₹9.1 Lakhs per year
Hindustan Petroleum	₹4.0 Lakhs to ₹5.5 Lakhs per year

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

What is the salary of a Mechanical Engineer in companies similar to Indian Oil Corporation in Kolkata?

The salary of a Mechanical Engineer at companies similar to Indian Oil Corporation in Kolkata varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Super Smelters	₹2.0 Lakhs to ₹6.0 Lakhs per year
Kiswok Industries	₹2.0 Lakhs to ₹3.5 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 Indian Oil Corporation in Kolkata?

The salary growth for a Mechanical Engineer at Indian Oil Corporation in Kolkata depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer in Kolkata can expect the following growth trajectory at Indian Oil Corporation:

Experience	Average Salary Range
1 year	₹2.7 Lakhs to ₹3.5 Lakhs per year
2 years	₹1.3 Lakhs to ₹4.9 Lakhs per year
3 years	₹3.4 Lakhs to ₹4.3 Lakhs per year
4 years	₹3.7 Lakhs to ₹4.7 Lakhs per year

and so on.

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Indian Oil Corporation Mechanical Engineer Salaries in Kolkata

Indian Oil Corporation Mechanical Engineer salary in Kolkata ranges between ₹4 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.