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MSP Steel & Power Mechanical Engineer salaries in Raigarh

Annual salary range
3 - 8 years exp.
₹2.5 Lakhs - ₹5.7 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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At par with the average Mechanical Engineer Salary in Iron & Steel Companies for 3 - 8 years of experience

Interested in this particular role?

Last Updated: 6 Oct 2024

Companies similar to MSP Steel & Power for Mechanical Engineer in Raigarh

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MSP Steel & Power Mechanical Engineer Salary

3 - 8 years exp. (12 salaries)

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₹2.5 L/yr - ₹5.7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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JSW Steel Mechanical Engineer Salary

1 - 8 years exp. (10 salaries)

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₹3 L/yr - ₹8.5 L/yr

arrow icon 31% more
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₹2.4 L/yr - ₹6.5 L/yr

arrow icon 9% more
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₹3.1 L/yr - ₹5.4 L/yr

arrow icon 3% more
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Trn Energy Mechanical Engineer Salary

2 - 14 years exp. (9 salaries)

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₹2.5 L/yr - ₹7 L/yr

arrow icon 12% more
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Ind Synergy Mechanical Engineer Salary

2 - 7 years exp. (8 salaries)

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₹2.4 L/yr - ₹4.6 L/yr

arrow icon 9% less
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 12 latest salaries received from various employees of MSP Steel & Power.

Latest annual salaries shared by MSP Steel & Power Mechanical Engineer in Raigarh

5mo ago
₹5 Lakhs
6 years exp.
7mo ago
₹4 Lakhs
7 years exp.
10mo ago
₹5 Lakhs
5 years exp.
1y ago
₹5.7 Lakhs
8 years exp.
1y ago
₹4 Lakhs
7 years exp.
1y ago
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4 years exp.

Experience wise MSP Steel & Power Mechanical Engineer salaries in Raigarh

Last Updated: 6 Oct 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹3.6 L/yr - ₹4.6 L/yr
4 years (AmbitionBox Estimate)

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₹3.7 L/yr - ₹4.7 L/yr
5 years  (4 salaries)

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₹2.5 L/yr - ₹5 L/yr
6 years (AmbitionBox Estimate)

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₹4 L/yr - ₹5.1 L/yr
7 years (AmbitionBox Estimate)

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₹4.1 L/yr - ₹5.2 L/yr
View all

Similar Designation salaries in MSP Steel & Power

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₹2.05 L/yr - ₹4.8 L/yr
Senior Engineer Salary
(30 salaries)
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₹3.25 L/yr - ₹7 L/yr
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₹3.3 L/yr - ₹5.1 L/yr
Junior Engineer Salary
(11 salaries)
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₹2 L/yr - ₹3.06 L/yr
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₹4.45 L/yr - ₹5.2 L/yr
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₹5 L/yr - ₹5.4 L/yr

Salary related reviews for MSP Steel & Power

3.5

Rated by 2 employees for salary & benefits

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

read more

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

read more
  • Salary - Poor
  • +2 more

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.

read more
  • Salary - Excellent
  • +6 more

Dislikes

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

read more

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.

read more
  • 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.

read more

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.

read more
  • Salary - Bad
  • +6 more
see more salary related reviews

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MSP Steel & Power Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at MSP Steel & Power in Raigarh?
The average salary of a Mechanical Engineer at MSP Steel & Power in Raigarh 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 in Raigarh at MSP Steel & Power earn more than ₹5.2 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 Raigarh?
The estimated take-home salary of a Mechanical Engineer at MSP Steel & Power in Raigarh typically ranges from ₹33,327 to ₹34,591 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?
JSW Steel ₹3.0 Lakhs to ₹8.5 Lakhs per year
Trn Energy ₹2.5 Lakhs to ₹7.0 Lakhs per year
Jindal Steel and Power ₹2.4 Lakhs to ₹6.5 Lakhs per year
Power Mech Projects ₹3.1 Lakhs to ₹5.4 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 Raigarh?
The salary of a Mechanical Engineer at companies similar to MSP Steel & Power in Raigarh varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Ind Synergy ₹2.4 Lakhs to ₹4.6 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 Raigarh?
The salary growth for a Mechanical Engineer at MSP Steel & Power in Raigarh depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer in Raigarh can expect the following growth trajectory at MSP Steel & Power:

Experience Average Salary Range
3 years ₹3.6 Lakhs to ₹4.6 Lakhs per year
4 years ₹3.7 Lakhs to ₹4.7 Lakhs per year
5 years ₹2.5 Lakhs to ₹5.0 Lakhs per year
6 years ₹4.0 Lakhs to ₹5.1 Lakhs per year
and so on.

Tell us how to improve this page.

MSP Steel & Power Mechanical Engineer salary in Raigarh ranges between ₹2.5 Lakhs to ₹5.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 12 MSP Steel & Power latest salaries received from various employees of MSP Steel & Power.