Indian Oil Corporation Panipat Mechanical Engineer Salaries by 4 Employees

3 - 6 years exp.

₹2 Lakhs - ₹6 Lakhs

Avg. annual salary

Monthly In-hand Salary

24% less than the average Mechanical Engineer Salary in Oil & Gas Companies for 3 - 6 years of experience

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Salaries in different departments

Construction & Site Engineering Mechanical Engineer Salary 4 - 6 years exp. (3 salaries)	₹2.5 L/yr - ₹6 L/yr
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Production, Manufacturing & Engineering Mechanical Engineer Salary 3 years exp. (AmbitionBox Estimate)	₹2 L/yr - ₹5.6 L/yr

Last Updated: 17 Dec 2024

Companies similar to Indian Oil Corporation for Mechanical Engineer in Panipat

Indian Oil Corporation Mechanical Engineer Salary

3 - 6 years exp. (4 salaries)

₹2 L/yr - ₹6 L/yr

Company name	Avg Annual Salary	Open Jobs
Offshore Infrastructures Mechanical Engineer Salary 3 - 8 years exp. (10 salaries)	₹3.5 L/yr - ₹6 L/yr 43% more
VRC Constructions India Mechanical Engineer Salary 3 - 7 years exp. (8 salaries)	₹3.2 L/yr - ₹4.5 L/yr 6% less
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Kamlesh Kumar Singh Engineers Mechanical Engineer Salary 4 - 10 years exp. (5 salaries)	₹3.5 L/yr - ₹5.6 L/yr 13% more
Praveen & Co Mechanical Engineer Salary 6 - 11 years exp. (5 salaries)	₹5 L/yr - ₹9 L/yr 61% more
Thyssenkrupp Industrial Solutions Mechanical Engineer Salary 6 - 10 years exp. (4 salaries)	₹7.2 L/yr - ₹9 L/yr 109% more

Mechanical Engineer salary at Indian Oil Corporation ranges between ₹2 Lakhs to ₹6 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Indian Oil Corporation.

Experience wise Indian Oil Corporation Mechanical Engineer salaries in Panipat

Last Updated: 17 Dec 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
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5 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹4.7 L/yr
6 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

Junior Engineer Salary

(6 salaries)

₹2.95 L/yr - ₹12.54 L/yr

Electrical Engineer Salary

(3 salaries)

₹1.26 L/yr - ₹2.81 L/yr

Salary related reviews for Indian Oil Corporation

4.6

Rated by 5 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

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

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Indian Oil Corporation Mechanical Engineer Salary FAQs

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

The average salary of a Mechanical Engineer at Indian Oil Corporation in Panipat typically ranges from ₹2.0 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Mechanical Engineer in Panipat at Indian Oil Corporation earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.0 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 4 Indian Oil Corporation employees in India.

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

The estimated take-home salary of a Mechanical Engineer at Indian Oil Corporation in Panipat typically ranges from ₹27,292 to ₹28,697 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 3 years to 6 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 4 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?

Thyssenkrupp Industrial Solutions	₹7.2 Lakhs to ₹9.0 Lakhs per year
Praveen & Co	₹5.0 Lakhs to ₹9.0 Lakhs per year
Offshore Infrastructures	₹3.5 Lakhs to ₹6.0 Lakhs per year
Kamlesh Kumar Singh Engineers	₹3.5 Lakhs to ₹5.6 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 Panipat?

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

VRC Constructions India

₹3.2 Lakhs to ₹4.5 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 Panipat?

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

Experience	Average Salary Range
3 years	₹3.0 Lakhs to ₹3.9 Lakhs per year
4 years	₹3.3 Lakhs to ₹4.3 Lakhs per year
5 years	₹3.7 Lakhs to ₹4.7 Lakhs per year
6 years	₹4.0 Lakhs to ₹5.1 Lakhs per year

and so on.

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Indian Oil Corporation Mechanical Engineer Salaries in Panipat

Indian Oil Corporation Mechanical Engineer salary in Panipat ranges between ₹2 Lakhs to ₹6 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.