MSP Steel & Power Mechanical Engineer Salaries by 10+ Employees

3 - 8 years exp.

₹2.5 Lakhs - ₹5.7 Lakhs

Salary of majority employees

Fixed (85%)

₹3.7 Lakhs

Variable (15%)

₹0.7 Lakh

5% less than the average Mechanical Engineer Salary in Iron & Steel Companies for 3 - 8 years of experience

Interested in this particular role?

Last Updated: 12 Oct 2024

Companies similar to MSP Steel & Power for Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
Tata Steel Mechanical Engineer Salary 0 - 10 years exp. (361 salaries)	₹1.2 L/yr - ₹9.1 L/yr 3% more
JSW Steel Mechanical Engineer Salary 0 - 14 years exp. (193 salaries)	₹1.7 L/yr - ₹9.9 L/yr 22% more
Login to view exact salary
Jindal Stainless Mechanical Engineer Salary 2 - 12 years exp. (47 salaries)	₹2.5 L/yr - ₹8 L/yr 16% more
Jai Balaji Group Mechanical Engineer Salary 2 - 8 years exp. (43 salaries)	₹1.8 L/yr - ₹6.1 L/yr 16% less
Electrotherm Mechanical Engineer Salary 1 - 8 years exp. (39 salaries)	₹1.8 L/yr - ₹4.8 L/yr 14% less
Jindal Saw Mechanical Engineer Salary 0 - 12 years exp. (35 salaries)	₹2 L/yr - ₹8.5 L/yr 11% less
Bmm Ispat Mechanical Engineer Salary 1 - 8 years exp. (30 salaries)	₹2.5 L/yr - ₹4.1 L/yr 21% less
ESL Steel Mechanical Engineer Salary 4 - 14 years exp. (25 salaries)	₹3.6 L/yr - ₹9 L/yr 50% more
Jayaswal Neco Industries Mechanical Engineer Salary 1 - 7 years exp. (24 salaries)	₹2.1 L/yr - ₹5 L/yr 28% less
Aarti Steels Mechanical Engineer Salary 0 - 9 years exp. (19 salaries)	₹2.4 L/yr - ₹7 L/yr 15% less
Ratnamani Metals and Tubes Mechanical Engineer Salary 1 - 8 years exp. (18 salaries)	₹2.4 L/yr - ₹4.6 L/yr 21% less
Login to view exact salary
Sarda Energy & Minerals Mechanical Engineer Salary 1 - 20 years exp. (14 salaries)	₹1.8 L/yr - ₹6 L/yr 13% less
Usha Martin Mechanical Engineer Salary 2 - 10 years exp. (14 salaries)	₹2 L/yr - ₹6 L/yr 5% less
Kirloskar Ferrous Industries Mechanical Engineer Salary 0 - 9 years exp. (12 salaries)	₹1.8 L/yr - ₹6.3 L/yr 11% more
Vizag Steel Mechanical Engineer Salary 0 - 7 years exp. (12 salaries)	₹1 L/yr - ₹6.5 L/yr 18% less
Beekay Steel Industries Mechanical Engineer Salary 2 - 10 years exp. (11 salaries)	₹1.8 L/yr - ₹5.6 L/yr 27% less
ISMT Mechanical Engineer Salary 1 - 32 years exp. (11 salaries)	₹1.9 L/yr - ₹8 L/yr 5% less
MM Forgings Mechanical Engineer Salary 4 - 13 years exp. (9 salaries)	₹2 L/yr - ₹4.8 L/yr 27% less
Godawari Power & Ispat Mechanical Engineer Salary 3 - 9 years exp. (8 salaries)	₹3 L/yr - ₹4.8 L/yr 15% less
Indian Metals & Ferro Alloys Mechanical Engineer Salary 3 - 15 years exp. (7 salaries)	₹3 L/yr - ₹9 L/yr 17% more

View all

Mechanical Engineer salary at MSP Steel & Power ranges between ₹2.5 Lakhs to ₹5.7 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 14 latest salaries received from various employees of MSP Steel & Power.

Experience wise MSP Steel & Power Mechanical Engineer salaries

Last Updated: 12 Oct 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹3 L/yr - ₹7 L/yr
4 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹7.3 L/yr
Login to view exact salary
5 years (5 salaries)	₹2.5 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)	₹1.7 L/yr - ₹5 L/yr
7 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.1 L/yr
8 years (AmbitionBox Estimate)	₹1.9 L/yr - ₹5.7 L/yr

View all

Similar Designation salaries in MSP Steel & Power

Electrical Engineer Salary

(16 salaries)

₹3.3 L/yr - ₹5.1 L/yr

Senior Engineer Salary

(45 salaries)

₹3.25 L/yr - ₹7 L/yr

Shift Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Junior Engineer Salary

(16 salaries)

₹2 L/yr - ₹3.06 L/yr

Maintenance Engineer Salary

(4 salaries)

₹3.23 L/yr - ₹4 L/yr

Project Engineer Salary

(4 salaries)

₹5 L/yr - ₹5.4 L/yr

Assistant Engineer Salary

(56 salaries)

₹2 L/yr - ₹4.8 L/yr

Production Engineer Salary

(6 salaries)

₹2.9 L/yr - ₹4.5 L/yr

Senior Electrical Engineer Salary

(7 salaries)

₹3.65 L/yr - ₹5.2 L/yr

Technician Salary

(3 salaries)

₹3 L/yr - ₹3.6 L/yr

Salary related reviews for MSP Steel & Power

3.3

Rated by 3 employees for salary & benefits

Assistant Engineer in Raigarh

Production, Manufacturing & Engineering Department

4.0

• posted on 28 May 2021

3.0

for Salary and Benefits

Likes

Good work environment and culture. Teammates are supportive and the management is transparent.

Skill development - Good

+2 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

Assistant Engineer - Civil in Raigarh

Full Time

Other Department

2.0

• posted on 27 Nov 2023

2.0

for Salary and Benefits

Likes

.timely payment of salary

Job security - Good

Dislikes

...astructure for civil Department with lack of resources and improper management. the basic pay comes on month start and the variable pay comes on month end which is not shown in pay slip

Salary - Poor

+2 more

Junior Accounts Officer in Kolkata

Finance & Accounting Department

4.0

• posted on 24 Jun 2019

5.0

for Salary and Benefits

Likes

Good infrastructure and technology, Good and friendly atmosphere for working and employees can get good benefit thru working with this company.

Salary - Excellent

+6 more

Dislikes

Some irritating teammates, lack of professional training, not so good hike in salary.

Assistant Engineer -Shift In Charge in Raigarh

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 27 Feb 2025

3.0

for Salary and Benefits

Likes

If you are a fresher, there are many things to learn from every department, all heads of all department are cooperative.

Skill development - Good

+1 more

Dislikes

Lots of politics, salary less, work 12 hrs or more, race discrimination little bit is there but better to ignore and focus on work, get a good opportunity and run out from there.

Assistant Engineer in Raigarh

Full Time

Engineering - Hardware & Networks Department

1.0

• posted on 25 Jan 2025

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

People are rude especially all the managers they treated you like slave or worse than that. There is no increment and no health benefits which is the worst one. Every year accident happen and company won't give a penny. All the managers are corrupt and canteen service is like hell they take money for each meal around Rs.55 we complain many times but they won't take any action. This company is run by apprentice students and the funny part is apprentice do overtime and you won't get any help from your managers. Especially in my case my HOD won't give confirmation and it almost 1.5 months and he don't give a shit about you. Very unprofessional person his behaviour is so bad and he don't motivate you rather than loose your confidence of doing work. Please think twice before join this company. This company is all about showoff.

Salary - Bad

+6 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about MSP Steel & Power?

Ask anonymously on communities.

MSP Steel & Power Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at MSP Steel & Power ?

The average salary of a Mechanical Engineer at MSP Steel & Power in India typically ranges from ₹2.5 Lakhs to ₹5.7 Lakhs per year, depending on experience (from 3 years to 8 years).

The top 10% of Mechanical Engineer at MSP Steel & Power earn more than ₹5.1 Lakhs per year, and the top 1% earn over ₹5.7 Lakhs per year. Mechanical Engineer Salaries at MSP Steel & Power 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+ MSP Steel & Power employees in India.

What is the estimated take home salary of a Mechanical Engineer at MSP Steel & Power in India?

The estimated take-home salary of a Mechanical Engineer at MSP Steel & Power in India typically ranges from ₹32,835 to ₹34,107 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹5.7 Lakhs per year for employees with experience ranging from 3 years to 8 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 MSP Steel & Power. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than MSP Steel & Power for Mechanical Engineer in India?

ESL Steel	₹3.6 Lakhs to ₹9.0 Lakhs per year
JSW Steel	₹1.7 Lakhs to ₹9.9 Lakhs per year
Steel Authority Of India	₹2.1 Lakhs to ₹9.8 Lakhs per year
Indian Metals & Ferro Alloys	₹3.0 Lakhs to ₹9.0 Lakhs per year
Jindal Stainless	₹2.5 Lakhs to ₹8.0 Lakhs per year

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

What is the salary of a Mechanical Engineer in companies similar to MSP Steel & Power in India?

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

Kirloskar Ferrous Industries	₹1.8 Lakhs to ₹6.3 Lakhs per year
Vardhman Special Steels	₹3.0 Lakhs to ₹6.8 Lakhs per year
Tata Steel	₹1.2 Lakhs to ₹9.1 Lakhs per year
ISMT	₹1.9 Lakhs to ₹8.0 Lakhs per year
Usha Martin	₹2.0 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 MSP Steel & Power in India?

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

Experience	Average Salary Range
3 years	₹3.0 Lakhs to ₹7.0 Lakhs per year
4 years	₹3.2 Lakhs to ₹7.3 Lakhs per year
5 years	₹2.5 Lakhs to ₹5.0 Lakhs per year
6 years	₹1.7 Lakhs to ₹5.0 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
MSP Steel & Power Salaries >
MSP Steel & Power Mechanical Engineer Salaries

MSP Steel & Power Mechanical Engineer salary in India ranges between ₹2.5 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 14 MSP Steel & Power latest salaries received from various employees of MSP Steel & Power.