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Indian Oil Corporation Production Engineer salaries in Panipat

Annual salary range
1 - 14 years exp.
₹12.5 Lakhs - ₹18 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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187% more than the average Production Engineer Salary in Oil & Gas Companies for 1 - 14 years of experience

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Last Updated: 16 Aug 2024

Companies similar to Indian Oil Corporation for Production Engineer in Panipat

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Indian Oil Corporation Production Engineer Salary

1 - 14 years exp. (10 salaries)

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₹12.5 L/yr - ₹18 L/yr

vs
Company name Avg Annual Salary Open Jobs
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₹11 L/yr - ₹14 L/yr

arrow icon 23% less
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Danblock Brakes Production Engineer Salary

0 - 4 years exp. (5 salaries)

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₹2.6 L/yr - ₹4.1 L/yr

arrow icon 80% less
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NecLife Production Engineer Salary

0 - 2 years exp. (5 salaries)

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₹2 L/yr - ₹3.5 L/yr

arrow icon 79% less
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₹2.3 L/yr - ₹3 L/yr

arrow icon 83% less
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Continental Production Engineer Salary

4 - 7 years exp. (3 salaries)

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₹2.8 L/yr - ₹5.4 L/yr

arrow icon 72% less
Production Engineer salary at Indian Oil Corporation ranges between ₹12.5 Lakhs to ₹18 Lakhs per year for employees with experience between 1 year to 14 years. Salary estimates are based on 10 latest salaries received from various employees of Indian Oil Corporation.

Latest annual salaries shared by Indian Oil Corporation Production Engineer in Panipat

7mo ago
₹17 Lakhs
7 years exp.
7mo ago
₹12.5 Lakhs
14 years exp.
11mo ago
₹16 Lakhs
13 years exp.
1y ago
₹16 Lakhs
12 years exp.
1y ago
₹16 Lakhs
2 years exp.
1y ago
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1 year exp.

Experience wise Indian Oil Corporation Production Engineer salaries in Panipat

Last Updated: 16 Aug 2024

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.1 L/yr
2 years (AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.1 L/yr
3 years (AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.1 L/yr
4 years (AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.2 L/yr
5 years (AmbitionBox Estimate)

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₹14.2 L/yr - ₹18.2 L/yr
View all
Indian Oil Corporation Production Engineer Salary and Career Growth

From

To

Production Engineer

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1 - 14 years exp.

Assistant Manager

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4 - 9 years exp.

Production Engineer 1 - 14 years exp.
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arrow icon 4% hike
    Assistant Manager 4 - 9 years exp.
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    arrow icon 43% hike

    From

    To

    Production Engineer

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    1 - 14 years exp.

    Deputy Product Manager

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    12 - 31 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

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    ₹18 L/yr - ₹32 L/yr
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    ₹2.95 L/yr - ₹12.54 L/yr

    Salary related reviews for Indian Oil Corporation

    3.6

    Rated by 4 employees for salary & benefits

    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

    read more

    Full Time

     · 

    Production, Manufacturing & Engineering Department

    3.0
      •  posted on 20 Aug 2024

    4.0
     for  Salary and Benefits

    Likes

    Good salary for freshers Great allowances for furniture, mobile and laptops Superb Medical benefits Job security is best in the industry Diverse working exposure in refineries Townships for employees

    read more
    • Salary - Good
    • +1 more

    Dislikes

    Remote/ Hardship working locations for refineries Poor work life balance for refineries Hard collar job Career growth is subject to satisfaction of bosses Heavy work loads in few large refineries

    read more
    • Work-life balance - Poor

    Full Time

     · 

    Finance & Accounting Department

    3.0
      •  posted on 10 Sep 2023

    4.0
     for  Salary and Benefits

    Likes

    ...ork culture is not much stressed and employees can have a very comfortable life. The pay offered here is good and decent.

    read more
    • Salary - Good
    • +2 more

    Dislikes

    The pay discrimination. Since its a PSU, one of the biggest disadvantages is that you are not paid according to your Qualification and contribution rather it is much based on how long have you been in the company. The organization has been filled with enough examples where an IITian, CAs, MBA professionals who are much important to organization because of their skills are being paid less than an old age employees who might be just doing basic work like passing of medical invoices, being PAs to senior management, employee reimbursement review etc. They work does not contribute either to the growth or profitability of the organization however there CTC 3-4 times higher than that of Qualified personnel working in the same company. Further, very limited personnel from the top management are actually concerned about the health of the organization but mostly are just there to complete their tenure which makes the organization extremely slow and difficult for young professionals to work with full efficiency.

    read more
    • Skill development - Poor
    • +1 more

    Full Time

     · 

    Finance & Accounting Department

    5.0
      •  posted on 25 Jul 2023

    5.0
     for  Salary and Benefits

    Likes

    ...osphere may be different. But overall its a very good organisation to work with.job security, salary and benefits.

    read more
    • Salary - Excellent
    • +5 more

    Dislikes

    Transfer policy is an issue. But it can be worked around if you take 2 to 3 transfer in 30 years.

    Full Time

     · 

    Marketing & Communication Department

    4.0
      •  posted on 09 Sep 2023

    4.0
     for  Salary and Benefits

    Likes

    Job Security and decent salary. Extensive job profiles within the company to suit for everyone's needs. Some profiles are exhausting while some are chill.

    read more
    • Salary - Good
    • +1 more

    Dislikes

    Work life balance is pathetic in sales and marketing division.

    • Work satisfaction - Poor
    • +1 more
    see more salary related reviews

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    Indian Oil Corporation Production Engineer Salary FAQs

    What is the salary of Production Engineer at Indian Oil Corporation in Panipat?
    The average salary of a Production Engineer at Indian Oil Corporation in Panipat typically ranges from ₹12.5 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 1 year to 14 years).

    The top 10% of Production Engineer in Panipat at Indian Oil Corporation earn more than ₹17.5 Lakhs per year, and the top 1% earn over ₹18.0 Lakhs per year. Production 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 10 Indian Oil Corporation employees in India.
    What is the estimated take home salary of a Production Engineer at Indian Oil Corporation in Panipat?
    The estimated take-home salary of a Production Engineer at Indian Oil Corporation in Panipat typically ranges from ₹1,08,644 to ₹1,11,645 per month. This is based on the average salary range of ₹12.5 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 1 year to 14 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 Indian Oil Corporation. Check how we calculate in-hand salary with our in-hand salary calculator.
    What is the salary of a Production Engineer in companies similar to Indian Oil Corporation in Panipat?
    The salary of a Production 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:

    National Fertilizers ₹11.0 Lakhs to ₹14.0 Lakhs per year
    Continental ₹2.8 Lakhs to ₹5.4 Lakhs per year
    NecLife ₹2.0 Lakhs to ₹3.5 Lakhs per year
    Danblock Brakes ₹2.6 Lakhs to ₹4.1 Lakhs per year
    Celestial Industries ₹2.3 Lakhs to ₹3.0 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 Production Engineer at Indian Oil Corporation in Panipat?
    The salary growth for a Production Engineer at Indian Oil Corporation in Panipat depends on factors such as experience, performance, and promotions. On average, a Production Engineer in Panipat can expect the following growth trajectory at Indian Oil Corporation:

    Experience Average Salary Range
    1 year ₹14.2 Lakhs to ₹18.1 Lakhs per year
    2 years ₹14.2 Lakhs to ₹18.1 Lakhs per year
    3 years ₹14.2 Lakhs to ₹18.1 Lakhs per year
    4 years ₹14.2 Lakhs to ₹18.2 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Indian Oil Corporation Production Engineer salary in Panipat ranges between ₹12.5 Lakhs to ₹18 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 10 Indian Oil Corporation latest salaries received from various employees of Indian Oil Corporation.