Prakash Sponge Iron And Power Mechanical Engineer Salaries by 4 Employees

1 - 3 years exp.

₹2.4 Lakhs - ₹3.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

43% less than the average Mechanical Engineer Salary in Iron & Steel Companies for 1 - 3 years of experience

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Salaries in different departments

Production, Manufacturing & Engineering Mechanical Engineer Salary 1 - 3 years exp. (3 salaries)	₹2.6 L/yr - ₹3.2 L/yr
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Energy & Mining Mechanical Engineer Salary 2 years exp. (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.6 L/yr

Last Updated: 27 Feb 2024

Companies similar to Prakash Sponge Iron And Power for Mechanical Engineer

Company name	Avg Annual Salary	Open Jobs
Larsen & Toubro Limited Mechanical Engineer Salary 0 - 10 years exp. (534 salaries)	₹1.8 L/yr - ₹10 L/yr 110% more	1 job opening
Tata Steel Mechanical Engineer Salary 1 - 11 years exp. (352 salaries)	₹1.6 L/yr - ₹9.5 L/yr 86% more
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UltraTech Cement Mechanical Engineer Salary 0 - 13 years exp. (240 salaries)	₹1.5 L/yr - ₹10.7 L/yr 124% more
JSW Bhushan Power & Steel Mechanical Engineer Salary 3 - 12 years exp. (133 salaries)	₹2.5 L/yr - ₹7.6 L/yr 98% more
Jindal Steel and Power Mechanical Engineer Salary 1 - 12 years exp. (91 salaries)	₹1.8 L/yr - ₹7 L/yr 68% more
Indian Oil Corporation Mechanical Engineer Salary 1 - 7 years exp. (85 salaries)	₹1.3 L/yr - ₹6.9 L/yr 38% more
Shapoorji Pallonji Group Mechanical Engineer Salary 0 - 11 years exp. (65 salaries)	₹2.4 L/yr - ₹8.5 L/yr 95% more
Bharat Forge Mechanical Engineer Salary 1 - 9 years exp. (64 salaries)	₹1.5 L/yr - ₹7 L/yr 38% more
Cummins Mechanical Engineer Salary 0 - 8 years exp. (51 salaries)	₹1 L/yr - ₹7.3 L/yr 22% more
Hindalco Industries Mechanical Engineer Salary 2 - 8 years exp. (50 salaries)	₹1.4 L/yr - ₹8.7 L/yr 41% more
Bharat Petroleum Mechanical Engineer Salary 0 - 6 years exp. (48 salaries)	₹1.8 L/yr - ₹6 L/yr 31% more
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Jindal Stainless Mechanical Engineer Salary 2 - 12 years exp. (48 salaries)	₹2.5 L/yr - ₹8 L/yr 92% more
TCE Mechanical Engineer Salary 1 - 16 years exp. (41 salaries)	₹4.3 L/yr - ₹14.1 L/yr 202% more	3 job openings
Rockman Industries Mechanical Engineer Salary 1 - 9 years exp. (39 salaries)	₹1.8 L/yr - ₹6.7 L/yr 45% more
Steel Strips Wheels Mechanical Engineer Salary 0 - 8 years exp. (38 salaries)	₹1.9 L/yr - ₹5.2 L/yr 24% more
Apco Infratech Mechanical Engineer Salary 2 - 8 years exp. (38 salaries)	₹3.2 L/yr - ₹8.5 L/yr 98% more
Rungta Mines Mechanical Engineer Salary 0 - 10 years exp. (37 salaries)	₹2.2 L/yr - ₹8 L/yr 60% more
HPCL-Mittal Energy Limited Mechanical Engineer Salary 7 - 12 years exp. (33 salaries)	₹4.1 L/yr - ₹12 L/yr 164% more
Tata Advanced Systems Mechanical Engineer Salary 1 - 7 years exp. (25 salaries)	₹1.8 L/yr - ₹4.9 L/yr 36% more
Tractors and Farm Equipment Mechanical Engineer Salary 0 - 12 years exp. (25 salaries)	₹1.5 L/yr - ₹6.2 L/yr 34% more

View all

Mechanical Engineer salary at Prakash Sponge Iron And Power ranges between ₹2.4 Lakhs to ₹3.2 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Prakash Sponge Iron And Power.

Experience wise Prakash Sponge Iron And Power Mechanical Engineer salaries

Last Updated: 27 Feb 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.2 L/yr - ₹2.8 L/yr
2 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹3 L/yr
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3 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr

Similar Designation salaries in Prakash Sponge Iron And Power

Electrical Engineer Salary

(3 salaries)

₹3.3 L/yr - ₹4 L/yr

Shift Engineer Salary

(3 salaries)

₹1.8 L/yr - ₹4.2 L/yr

Junior Engineer Salary

(AmbitionBox Estimate)

₹2.8 L/yr - ₹3.6 L/yr

Maintenance Engineer Salary

(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

Project Engineer Salary

(AmbitionBox Estimate)

₹3 L/yr - ₹3.8 L/yr

Senior Electrical Engineer Salary

(AmbitionBox Estimate)

₹5.4 L/yr - ₹6.9 L/yr

Deputy Manager Salary

(4 salaries)

₹7.1 L/yr - ₹12.2 L/yr

Shift Incharge Salary

(3 salaries)

₹2.6 L/yr - ₹4.5 L/yr

Salary related reviews for Prakash Sponge Iron And Power

Turbine Desk Operator in Heggere Near Challaker

Production, Manufacturing & Engineering Department

4.0

• posted on 24 Feb 2022

4.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. company policies are good, appraisals are fair and they give good salary hike and bonus every year

Salary - Good

+3 more

Dislikes

Improper Food Facilities inside the plant

Senior Project Engineer Electrical in Chellakere

Electrical Maintenance Department

4.0

• posted on 03 Feb 2022

4.0

for Salary and Benefits

Likes

... great team specailly in power plant , I don't know about steel and sponge team. Very much satisfied , what u get package is fully worth.

Salary - Good

+5 more

Dislikes

Dusty environment in sponge , but compared other industries it's ok..

see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions

1w (edited)

an inside sales executive

Unexpected job policies: stay or switch?

I recently switched jobs with a 48% hike, and my current in-hand salary is ₹35K. But after joining, I realized a few important things that weren’t mentioned during the interview. 1. No Phones or Bags Allowed – We have to keep them in lockers, which I wasn’t informed about before joining. 2. Working Saturdays – HR said all Saturdays are working but assured that one Saturday off per month would be introduced soon. I can't see that happening anytime soon 3. Phone Policy Confusion – When I asked HR why this wasn’t discussed earlier, they said it’s only for two months and won’t be the case at the new location (which was discussed earlier). But some old employees say the same rule applies there too. 4. Leaves – We get 21 paid leaves a year. I’m already thinking of switching. Would it be too soon to leave within 3 months, or should I stay for at least 6 months? Also, since I just got a good hike, how much can I ask for in my next job?

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Prakash Sponge Iron And Power Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Prakash Sponge Iron And Power ?

The average salary of a Mechanical Engineer at Prakash Sponge Iron And Power in India typically ranges from ₹2.4 Lakhs to ₹3.2 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Mechanical Engineer at Prakash Sponge Iron And Power earn more than ₹3.2 Lakhs per year, and the top 1% earn over ₹3.2 Lakhs per year. Mechanical Engineer Salaries at Prakash Sponge Iron And 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 4 Prakash Sponge Iron And Power employees in India.

What is the estimated take home salary of a Mechanical Engineer at Prakash Sponge Iron And Power in India?

The estimated take-home salary of a Mechanical Engineer at Prakash Sponge Iron And Power in India typically ranges from ₹18,619 to ₹20,303 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹3.2 Lakhs per year for employees with experience ranging from 1 year to 3 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 4 salaries received from various employees of Prakash Sponge Iron And Power. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Prakash Sponge Iron And Power for Mechanical Engineer in India?

AtkinsRealis	₹10.2 Lakhs to ₹36.0 Lakhs per year
Shell	₹5.0 Lakhs to ₹16.0 Lakhs per year
BHEL	₹6.7 Lakhs to ₹17.0 Lakhs per year
TechnipFMC	₹4.8 Lakhs to ₹12.0 Lakhs per year
TCE	₹4.3 Lakhs to ₹14.1 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Prakash Sponge Iron And Power, depending on the role and experience level.

What is the salary of a Mechanical Engineer in companies similar to Prakash Sponge Iron And Power in India?

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

HPCL-Mittal Energy Limited	₹4.1 Lakhs to ₹12.0 Lakhs per year
Vedanta Resources	₹3.5 Lakhs to ₹11.0 Lakhs per year
ManpowerGroup	₹5.5 Lakhs to ₹7.8 Lakhs per year
UltraTech Cement	₹1.5 Lakhs to ₹10.7 Lakhs per year
Larsen & Toubro Limited	₹1.8 Lakhs to ₹10.0 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 Prakash Sponge Iron And Power in India?

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

Experience	Average Salary Range
1 year	₹2.2 Lakhs to ₹2.8 Lakhs per year
2 years	₹2.3 Lakhs to ₹3.0 Lakhs per year
3 years	₹2.6 Lakhs to ₹3.4 Lakhs per year

and so on.

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Prakash Sponge Iron And Power Mechanical Engineer Salaries

Prakash Sponge Iron And Power Mechanical Engineer salary in India ranges between ₹2.4 Lakhs to ₹3.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Prakash Sponge Iron And Power latest salaries received from various employees of Prakash Sponge Iron And Power.