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Steel Industries Mechanical Engineer salaries in India

Annual salary range
2 - 8 years exp.
₹2.4 Lakhs - ₹6 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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Mechanical Engineer Salary at Steel Industries ranges between ₹2.4 Lakhs to ₹6 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 8 latest salaries received from... Read more

25% less than the average Mechanical Engineer Salary in Iron & Steel Companies for 2 - 8 years of experience

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Last Updated: 20 Nov 2024

Companies similar to Steel Industries for Mechanical Engineer

Company name Avg Annual Salary Open Jobs
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Tata Steel Mechanical Engineer Salary

1 - 10 years exp. (365 salaries)

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₹2.4 L/yr - ₹7 L/yr

arrow icon 32% more
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JSW Steel Mechanical Engineer Salary

1 - 16 years exp. (209 salaries)

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₹3.6 L/yr - ₹8.8 L/yr

arrow icon 67% more
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₹2.5 L/yr - ₹6.8 L/yr

arrow icon 25% more
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₹2.4 L/yr - ₹7 L/yr

arrow icon 29% more
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₹2 L/yr - ₹6 L/yr

arrow icon 6% more
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Rashmi Metaliks Mechanical Engineer Salary

1 - 7 years exp. (76 salaries)

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₹1.8 L/yr - ₹5.5 L/yr

arrow icon 6% less
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Viraj Profiles Mechanical Engineer Salary

0 - 7 years exp. (48 salaries)

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₹1.8 L/yr - ₹5.3 L/yr

arrow icon 12% less
1 job opening
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Jindal Stainless Mechanical Engineer Salary

1 - 9 years exp. (45 salaries)

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₹2.5 L/yr - ₹6.1 L/yr

arrow icon 17% more
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Jai Balaji Group Mechanical Engineer Salary

2 - 9 years exp. (43 salaries)

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₹2 L/yr - ₹4.5 L/yr

arrow icon 4% more
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Electrotherm Mechanical Engineer Salary

1 - 8 years exp. (37 salaries)

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₹2.1 L/yr - ₹4.8 L/yr

arrow icon 11% more
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Jindal Saw Mechanical Engineer Salary

0 - 12 years exp. (37 salaries)

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₹2.1 L/yr - ₹6.8 L/yr

arrow icon 13% more
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Bmm Ispat Mechanical Engineer Salary

1 - 8 years exp. (31 salaries)

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₹2.5 L/yr - ₹5.2 L/yr

arrow icon 2% more
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ESL Steel Mechanical Engineer Salary

3 - 15 years exp. (26 salaries)

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₹3.6 L/yr - ₹7.6 L/yr

arrow icon 63% more
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₹2.1 L/yr - ₹5 L/yr

arrow icon 18% less
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Rashmi Group Mechanical Engineer Salary

1 - 9 years exp. (21 salaries)

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₹2.3 L/yr - ₹4.4 L/yr

arrow icon 8% less
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Shyam Steel Group Mechanical Engineer Salary

2 - 6 years exp. (19 salaries)

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₹2.5 L/yr - ₹4.4 L/yr

arrow icon 6% less
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JSW Group Mechanical Engineer Salary

1 - 13 years exp. (18 salaries)

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₹3.4 L/yr - ₹7.6 L/yr

arrow icon 42% more
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₹4 L/yr - ₹6.8 L/yr

arrow icon 45% more
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₹2.2 L/yr - ₹7 L/yr

arrow icon 25% more
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ArcelorMittal Mechanical Engineer Salary

0 - 7 years exp. (13 salaries)

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₹3.2 L/yr - ₹6 L/yr

arrow icon 21% more
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Steel Industries Mechanical Engineer salaries by

Years of experience Avg. annual salary
2 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4 L/yr
3 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
4 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)

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₹3.2 L/yr - ₹4.1 L/yr
6 years (AmbitionBox Estimate)

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₹3.3 L/yr - ₹4.2 L/yr
View all salaries by experience

Similar Designation Salaries at Steel Industries

Similar Designation Avg. annual salary
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₹2.6 L/yr - ₹5.5 L/yr

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₹2.8 L/yr - ₹8.4 L/yr

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₹2.4 L/yr - ₹4 L/yr

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₹2.8 L/yr - ₹3.5 L/yr

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₹2.9 L/yr - ₹3.5 L/yr

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₹3 L/yr - ₹3.7 L/yr

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₹2.2 L/yr - ₹4 L/yr

Production Engineer Salary
(AmbitionBox Estimate)
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₹3.2 L/yr - ₹4.1 L/yr

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₹7.4 L/yr - ₹9.4 L/yr

Technician Salary
(4 salaries)
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₹1.5 L/yr - ₹2.6 L/yr

View more similar designations

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CTC is 50lpa, but cannot even afford a vacation!
My manager is at 50lpa and age of 32 years, fully in the tech world. But I feel he is broke, Home loans and EMI are consuming his salary. 1.5 crore apartment, shiny car, apart from all this, he can't afford a single stress-free vacation. Welcome to India's newest illusion: high income with zero financial freedom. Literally feel he deserves this, but feel bad for him also! So in short, why do you want a good package and a good designation when you can't afford a happy vacation with family? Do you agree too?
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Salary related reviews for Steel Industries

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Rated by 1 employees for salary & benefits

Customer Success, Service & Operations Department

5.0
  •  updated on 23 Feb 2023

5.0
 for  Salary and Benefits

Likes

I like all facilities and work environment. Growing and office and personal life balance.

Dislikes

I dislike a job security. I spend almost 7 years in the company but in my difficult time company giv...

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Steel Industries Mechanical Engineer Salary FAQs

What is the salary of Mechanical Engineer at Steel Industries ?
The average salary of a Mechanical Engineer at Steel Industries in India typically ranges from ₹2.4 Lakhs to ₹6.0 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Mechanical Engineer at Steel Industries earn more than ₹5.7 Lakhs per year, and the top 1% earn over ₹6.0 Lakhs per year. Mechanical Engineer Salaries at Steel Industries 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 8 Steel Industries employees in India.
What is the estimated take home salary of a Mechanical Engineer at Steel Industries in India?
The estimated take-home salary of a Mechanical Engineer at Steel Industries in India typically ranges from ₹26,264 to ₹27,684 per month. This is based on the average salary range of ₹2.4 Lakhs to ₹6.0 Lakhs per year for employees with experience ranging from 2 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 8 salaries received from various employees of Steel Industries. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Steel Industries for Mechanical Engineer in India?
JSW Steel ₹3.6 Lakhs to ₹8.8 Lakhs per year
ESL Steel ₹3.6 Lakhs to ₹7.6 Lakhs per year
Tata BlueScope Steel ₹4.0 Lakhs to ₹6.5 Lakhs per year
Indian Metals & Ferro Alloys ₹3.2 Lakhs to ₹8.4 Lakhs per year
Usha Martin ₹4.2 Lakhs to ₹7.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Steel Industries, depending on the role and experience level.
What is the salary of a Mechanical Engineer in companies similar to Steel Industries in India?
The salary of a Mechanical Engineer at companies similar to Steel Industries in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

POSCO MAHARASHTRA STEEL ₹4.0 Lakhs to ₹6.8 Lakhs per year
JSW Group ₹3.4 Lakhs to ₹7.6 Lakhs per year
Steel Authority Of India ₹2.6 Lakhs to ₹8.5 Lakhs per year
Tata Steel ₹2.4 Lakhs to ₹7.0 Lakhs per year
Jindal Steel and Power ₹2.4 Lakhs to ₹7.0 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 Steel Industries in India?
The salary growth for a Mechanical Engineer at Steel Industries depends on factors such as experience, performance, and promotions. On average, a Mechanical Engineer can expect the following growth trajectory at Steel Industries:

Experience Average Salary Range
2 years ₹3.2 Lakhs to ₹4.0 Lakhs per year
3 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
4 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
5 years ₹3.2 Lakhs to ₹4.1 Lakhs per year
and so on.

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Steel Industries Mechanical Engineer salary in India ranges between ₹2.4 Lakhs to ₹6 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 8 Steel Industries latest salaries received from various employees of Steel Industries.