Average annual salary for most employees Salary comparison with similar companies Estimated monthly take-home salary8% less than the average Melter Salary in Iron & Steel Companies for 2 - 8 years of experience
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Salaries in different departments
Production, Manufacturing & Engineering
Melter Salary
7 - 8
years
exp.
(AmbitionBox Estimate)
|  ₹3.6 L/yr - ₹4.3 L/yr |
Login to view exact salary
| |
Research & Development
Melter Salary
2
years
exp.
(AmbitionBox Estimate)
| ₹1.8 L/yr - ₹2.3 L/yr |
Companies similar to Modern Steels for Melter
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 Aarti Steels Melter Salary
1 - 8 years exp. (4 salaries) | ₹3.2 L/yr - ₹5.5 L/yr 
44%
more | |
 Jai Balaji Group Melter Salary
2 - 12 years exp. (4 salaries) | ₹3.4 L/yr - ₹4.5 L/yr
28%
more | |
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| ||
 Vardhman Special Steels Melter Salary
2 - 5 years exp. (3 salaries) | ₹2 L/yr - ₹5.5 L/yr
24%
more | |
 Electrosteel Casting Melter Salary
1 - 8 years exp. (7 salaries) | ₹1.2 L/yr - ₹4.3 L/yr 
30%
less | |
 Texmaco Rail and Engineering Melter Salary
4 - 13 years exp. (5 salaries) | ₹2.3 L/yr - ₹5 L/yr
22%
more | |
Latest annual salaries shared by Modern Steels Melter
Experience wise Modern Steels Melter salaries
Last Updated: 12 Mar 2023
| Experience | Avg Annual Salary |
|---|---|
| 2 years (AmbitionBox Estimate) |
₹2
L/yr
- ₹2
L/yr
|
| 3 years (AmbitionBox Estimate) |
₹0.9
L/yr
- ₹2.2
L/yr
|
Login to view exact salary
| |
| 4 years (AmbitionBox Estimate) |
₹2.3
L/yr
- ₹2.9
L/yr
|
| 5 years (AmbitionBox Estimate) |
₹2.6
L/yr
- ₹3.4
L/yr
|
| 6 years (AmbitionBox Estimate) |
₹3
L/yr
- ₹3.8
L/yr
|
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Modern Steels Melter Salary FAQs
The top 10% of Melter at Modern Steels earn more than ₹4.0 Lakhs per year, and the top 1% earn over ₹4.0 Lakhs per year. Melter Salaries at Modern 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 4 Modern Steels employees in India.
| Aarti Steels | ₹3.2 Lakhs to ₹5.5 Lakhs per year |
| Jai Balaji Group | ₹3.4 Lakhs to ₹4.5 Lakhs per year |
| Vardhman Special Steels | ₹2.0 Lakhs to ₹5.5 Lakhs per year |
| Texmaco Rail and Engineering | ₹2.3 Lakhs to ₹5.0 Lakhs per year |
These companies are known for offering competitive compensation packages that can exceed the salary offered by Modern Steels, depending on the role and experience level.
| Electrosteel Casting | ₹1.2 Lakhs to ₹4.3 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.
| Experience | Average Salary Range |
|---|---|
| 2 years | ₹2.0 Lakhs to ₹2.0 Lakhs per year |
| 3 years | ₹0.9 Lakhs to ₹2.2 Lakhs per year |
| 4 years | ₹2.3 Lakhs to ₹2.9 Lakhs per year |
| 5 years | ₹2.6 Lakhs to ₹3.4 Lakhs per year |
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Modern Steels Melter salary
in
India
ranges between ₹2.1
Lakhs to ₹4
Lakhs with an average annual salary of
₹. Salary estimates are based on
4
Modern Steels latest salaries received from various employees of
Modern Steels.