Nova Iron & Steel Engineer Salaries by 6 Employees

2 - 5 years exp.

₹2.4 Lakhs - ₹4.6 Lakhs

Salary of majority employees

42% less than the average Engineer Salary in Iron & Steel Companies for 2 - 5 years of experience

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Last Updated: 18 Sep 2024

Companies similar to Nova Iron & Steel for Engineer

Company name	Avg Annual Salary	Open Jobs
Bharat Wire Ropes Engineer Salary 1 - 4 years exp. (14 salaries)	₹2.8 L/yr - ₹3.6 L/yr 5% less	2 job openings
Peekay Steel Castings Engineer Salary 2 - 8 years exp. (14 salaries)	₹2.5 L/yr - ₹4.2 L/yr 6% more	1 job opening
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Steel Infra Solutions Engineer Salary 2 - 6 years exp. (9 salaries)	₹3.2 L/yr - ₹5 L/yr 23% more
Magna Electro Castings Engineer Salary 4 - 7 years exp. (8 salaries)	₹2.6 L/yr - ₹3 L/yr 18% less
National Steel & Agro Industries Engineer Salary 1 - 8 years exp. (5 salaries)	₹2.2 L/yr - ₹4 L/yr 9% less
SAL STEEL Engineer Salary 3 - 8 years exp. (5 salaries)	₹2.6 L/yr - ₹3.6 L/yr 7% less
Singhal Enterprises Engineer Salary 3 - 6 years exp. (5 salaries)	₹2.6 L/yr - ₹3.8 L/yr 7% less
Supershakti Metaliks Engineer Salary 3 - 6 years exp. (5 salaries)	₹3.3 L/yr - ₹4.2 L/yr 6% more
KISCO CASTINGS Engineer Salary 0 - 4 years exp. (4 salaries)	₹2 L/yr - ₹4 L/yr 8% less
Astrotech Steels Engineer Salary 4 - 9 years exp. (4 salaries)	₹3.1 L/yr - ₹4.9 L/yr 15% more
Ankit Metal & Power Engineer Salary 2 - 13 years exp. (3 salaries)	₹2.6 L/yr - ₹5.1 L/yr 21% more
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Theis Precision Steel Engineer Salary 2 - 7 years exp. (3 salaries)	₹3.6 L/yr - ₹4.6 L/yr 20% more
Aruna Alloy Steels Engineer Salary 10 - 11 years exp. (3 salaries)	₹3.8 L/yr - ₹4.1 L/yr 18% more
Bansal Wire Industries Engineer Salary 3 - 7 years exp. (3 salaries)	₹3 L/yr - ₹5.4 L/yr 38% more
Bedmutha Industries Engineer Salary 2 - 6 years exp. (3 salaries)	₹3 L/yr - ₹3.6 L/yr 3% less

Engineer salary at Nova Iron & Steel ranges between ₹2.4 Lakhs to ₹4.6 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 6 latest salaries received from various employees of Nova Iron & Steel.

Experience wise Nova Iron & Steel Engineer salaries

Last Updated: 18 Sep 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹3.2 L/yr - ₹5.8 L/yr
3 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.3 L/yr
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4 years (AmbitionBox Estimate)	₹2.4 L/yr - ₹4.6 L/yr
5 years (AmbitionBox Estimate)	₹1.4 L/yr - ₹3.6 L/yr

Similar Designation salaries in Nova Iron & Steel

Shift Engineer Salary

(AmbitionBox Estimate)

₹3.2 L/yr - ₹4.1 L/yr

Senior Engineer Salary

(5 salaries)

₹4.19 L/yr - ₹6.15 L/yr

Junior Engineer Salary

(4 salaries)

₹1.95 L/yr - ₹2.55 L/yr

Assistant Engineer Salary

(4 salaries)

₹3.2 L/yr - ₹4 L/yr

Electrical Engineer Salary

(7 salaries)

₹2.15 L/yr - ₹3.95 L/yr

Mechanical Engineer Salary

(3 salaries)

₹3 L/yr - ₹3.6 L/yr

Production Engineer Salary

(AmbitionBox Estimate)

₹4.3 L/yr - ₹5.5 L/yr

Deputy Manager Salary

(3 salaries)

₹6 L/yr - ₹7.11 L/yr

Maintenance Engineer Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Senior Electrical Engineer Salary

(4 salaries)

₹3.3 L/yr - ₹4 L/yr

Salary related reviews for Nova Iron & Steel

2.9

Rated by 3 employees for salary & benefits

Assistant HR Administrator in Nova Iron And Steel LTD Dagori Bilha Bilaspur

Human Resources Department

4.0

• posted on 31 Jan 2022

4.0

for Salary and Benefits

Likes

payroll employees attendance maintenance and operating them , Recruitment and joining formalities , bonus ,gratuity, EPF ,ESIC and full and final settlement of employees knowledge

Salary - Good

+5 more

Dislikes

Nothing All is good

Engineer in Bilaspur

Full Time

Energy & Mining Department

3.0

• posted on 25 Jul 2024

2.0

for Salary and Benefits

Likes

Plant has very good scope to develop and good environment to learn better.

Job security - Good

Dislikes

Upper management has no skill to talk.. specially the problem is naukarsahi behaviour.. I think good management always should have smooth communication with working engineers and co-management but if they behave bad with engineers then the mindset and thinking skill stucked which is very hard to work properly because of unethical behaviour.

Salary - Poor

+1 more

Assistant General Manager

Other Department

3.0

• posted on 28 Dec 2019

1.0

for Salary and Benefits

Likes

Teammates ok, training - we were the trainer, job security: Not even a single day, career growth - only for chor and chatoos, Salary appraisal : Pair chune walon ke liye.work environment very poor

Dislikes

All top level peaples are very worst. 420 . You co operate with them they will be happy. Knowledge is of no use.

Salary - Bad

+5 more

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Nova Iron & Steel Engineer Salary FAQs

What is the salary of Engineer at Nova Iron & Steel ?

The average salary of a Engineer at Nova Iron & Steel in India typically ranges from ₹2.4 Lakhs to ₹4.6 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Engineer at Nova Iron & Steel earn more than ₹4.6 Lakhs per year, and the top 1% earn over ₹4.6 Lakhs per year. Engineer Salaries at Nova Iron & Steel 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 6 Nova Iron & Steel employees in India.

What is the estimated take home salary of a Engineer at Nova Iron & Steel in India?

The estimated take-home salary of a Engineer at Nova Iron & Steel in India typically ranges from ₹24,220 to ₹25,670 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹4.6 Lakhs per year for employees with experience ranging from 2 years to 5 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 6 salaries received from various employees of Nova Iron & Steel. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Nova Iron & Steel for Engineer in India?

Bansal Wire Industries	₹3.0 Lakhs to ₹5.4 Lakhs per year
Steel Infra Solutions	₹3.2 Lakhs to ₹5.0 Lakhs per year
Ankit Metal & Power	₹2.6 Lakhs to ₹5.1 Lakhs per year
Theis Precision Steel	₹3.6 Lakhs to ₹4.6 Lakhs per year
Aruna Alloy Steels	₹3.8 Lakhs to ₹4.1 Lakhs per year

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

What is the salary of a Engineer in companies similar to Nova Iron & Steel in India?

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

Astrotech Steels	₹3.1 Lakhs to ₹4.9 Lakhs per year
Peekay Steel Castings	₹2.5 Lakhs to ₹4.2 Lakhs per year
Supershakti Metaliks	₹3.3 Lakhs to ₹4.2 Lakhs per year
Bedmutha Industries	₹3.0 Lakhs to ₹3.6 Lakhs per year
Bharat Wire Ropes	₹2.8 Lakhs to ₹3.6 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 Engineer at Nova Iron & Steel in India?

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

Experience	Average Salary Range
2 years	₹3.2 Lakhs to ₹5.8 Lakhs per year
3 years	₹2.4 Lakhs to ₹4.3 Lakhs per year
4 years	₹2.4 Lakhs to ₹4.6 Lakhs per year
5 years	₹1.4 Lakhs to ₹3.6 Lakhs per year

and so on.

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Nova Iron & Steel Engineer Salaries

Nova Iron & Steel Engineer salary in India ranges between ₹2.4 Lakhs to ₹4.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Nova Iron & Steel latest salaries received from various employees of Nova Iron & Steel.