Spectrum Coal And Power Korba Mechanical Engineer Salaries by 4 Employees

3 - 5 years exp.

₹2.4 Lakhs - ₹3.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

33% less than the average Mechanical Engineer Salary in Power Companies for 3 - 5 years of experience

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Last Updated: 13 Mar 2023

Companies similar to Spectrum Coal And Power for Mechanical Engineer in Korba

Spectrum Coal And Power Mechanical Engineer Salary

3 - 5 years exp. (4 salaries)

₹2.4 L/yr - ₹3.2 L/yr

Company name	Avg Annual Salary	Open Jobs
ACB (India) Mechanical Engineer Salary 2 - 9 years exp. (41 salaries)	₹2.8 L/yr - ₹4.4 L/yr 29% more
Maruti Clean Coal Power Mechanical Engineer Salary 3 - 7 years exp. (7 salaries)	₹3 L/yr - ₹4.3 L/yr 5% more
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Power Mech Projects Mechanical Engineer Salary 4 - 7 years exp. (6 salaries)	₹2.3 L/yr - ₹7 L/yr 40% more
Bharat Aluminium Company (BALCO) Mechanical Engineer Salary 3 - 7 years exp. (6 salaries)	₹2.9 L/yr - ₹11.1 L/yr 162% more
Pradhan Associates Mechanical Engineer Salary 0 - 14 years exp. (6 salaries)	₹2.9 L/yr - ₹9.6 L/yr 86% more

Mechanical Engineer salary at Spectrum Coal And Power ranges between ₹2.4 Lakhs to ₹3.2 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 4 latest salaries received from various employees of Spectrum Coal And Power.

Experience wise Spectrum Coal And Power Mechanical Engineer salaries in Korba

Last Updated: 13 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹3.4 L/yr
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5 years (AmbitionBox Estimate)	₹2.5 L/yr - ₹3.2 L/yr

Similar Designation salaries in Spectrum Coal And Power

Electrical Engineer Salary

(4 salaries)

₹3 L/yr - ₹4.2 L/yr

Salary related reviews for Spectrum Coal And Power

5.0

Rated by 1 employees for salary & benefits

Mechanical Engineer

Production, Manufacturing & Engineering Department

5.0

• posted on 13 Jun 2020

5.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. Our job is secure in this company in covid 19 and any no issue for payment I love this company.

Salary - Excellent

+6 more

Dislikes

In this company job is secure but growth is slow.

Mechanical Engineer in Talcher

Production, Manufacturing & Engineering Department

4.0

• posted on 05 Dec 2017

3.0

for Salary and Benefits

Likes

The company has latest technology for coal preparation.It is easier for someone for learning.someone's job is 100percent secured.

Skill development - Good

+2 more

Dislikes

Working environment is not smoothie & growth is nobody values an individual's unique strength.

see more salary related reviews

Top trending discussions

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Spectrum Coal And Power Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Spectrum Coal And Power in Korba?

The average salary of a Mechanical Engineer at Spectrum Coal And Power in Korba typically ranges from ₹2.4 Lakhs to ₹3.2 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Mechanical Engineer in Korba at Spectrum Coal 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 Spectrum Coal 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 Spectrum Coal And Power employees in India.

What is the estimated take home salary of a Mechanical Engineer at Spectrum Coal And Power in Korba?

The estimated take-home salary of a Mechanical Engineer at Spectrum Coal And Power in Korba typically ranges from ₹21,305 to ₹22,949 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 3 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 4 salaries received from various employees of Spectrum Coal And Power. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Spectrum Coal And Power for Mechanical Engineer in India?

Bharat Aluminium Company (BALCO)	₹2.9 Lakhs to ₹11.1 Lakhs per year
Pradhan Associates	₹2.9 Lakhs to ₹9.6 Lakhs per year
Power Mech Projects	₹2.3 Lakhs to ₹7.0 Lakhs per year
ACB (India)	₹2.8 Lakhs to ₹4.4 Lakhs per year
Maruti Clean Coal Power	₹3.0 Lakhs to ₹4.3 Lakhs per year

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

How the salary growth look like for a Mechanical Engineer at Spectrum Coal And Power in Korba?

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

Experience	Average Salary Range
3 years	₹2.7 Lakhs to ₹3.5 Lakhs per year
4 years	₹2.6 Lakhs to ₹3.4 Lakhs per year
5 years	₹2.5 Lakhs to ₹3.2 Lakhs per year

and so on.

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Spectrum Coal And Power Mechanical Engineer Salaries in Korba

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