PSU Salary Structure: Public Sector Undertakings (PSUs) in India play an important part in the Indian economy and offer appealing career opportunities to aspirants. Aside from stability and job security, PSUs salary structure is another motivating factor for GATE aspirants.Moreover, the PSU salary structure includes a wide range of perks, allowances, and opportunities for career growth. Continue reading to learn more about the PSU salary structure as well as other perks and benefits.
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In order to secure a job within the Public Sector Undertakings, aspirants must score exceptionally well in the Graduate Aptitude Test in Engineering, or GATE exam. Majority of aspirants are selected for PSU jobs through GATE or on the basis of written examinations. Furthermore, the PSU salary structure may differ depending on a few factors, such as GATE rank, location, and job profile, along with the government's most recent guidelines.
Public Sector Undertakings (PSUs) in India offer competitive salaries along with numerous benefits, making them attractive career options for graduates. The PSU Recruitment Through GATE offers handsome pay structure with an attractive job profile.
The PSU Salary Structure In India typically ranges from 5 LPA to 14 LPA depending upon the organization, role, and specialization.
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Apart from the basic salary, the PSU salary structure includes various components. These components include benefits and perks, insurance coverage, and reimbursements. Refer below to understand the PSU salary structure components in detail.
It is important to note that the PSU salary structure including basic pay, perks, and benefits, may vary according to the position and location of the jobs.
Aspiring engineering graduates looking for a stable career have the opportunity to pursue PSU jobs after successfully clearing GATE. These jobs not only come with prestigious job titles but also offer attractive PSU salary structures, ranging from 5 LPA to 14 LPA at the initial phase of selection.
Check out the table below for an overview of the PSU salary structure of various highly esteemed public sector organizations such as BHEL, ONGC, HPCL, IOCL, GAIL, CIL, SAIL, and others.
PSU Salary Structure In India - Sector-Wise | ||||
PSUs | Sector | Type of PSU | Salary Range | CTC (Approx.) |
Indian Oil Corporation Limited (IOCL) | Petroleum and Natural Gas | Maharatna | INR 24,900 to INR 50,500 | INR 12,00,000 |
Coal India Limited (CIL) | Mining | Maharatna | INR 50,000 to INR 1,60,000 | INR 11,00,000 |
National Thermal Power Corporation (NTPC) | Power | Maharatna | INR 60,000 to INR 1,80,000 | INR 18,00,000 |
Oil & Natural Gas Corporation (ONGC) Limited | Petroleum and Natural Gas | Maharatna | INR 60,000 to INR 1,80,000 | INR 16,50,000 |
Steel Authority of India (SAIL) | Steel & Iron | Maharatna | INR 20,600 to INR 46,500 | INR 10,00,000 |
Bharat Heavy Electricals Limited (BHEL) | Defense | Navratna | INR 60,000 to INR 1,80,000 | INR 13,00,000 |
Hindustan Petroleum Corporation Limited (HPCL) | Petroleum and Natural Gas | Navratna | INR 60,000 to INR 1,80,000 | INR 16,00,000 |
Bharat Petroleum Corporation Limited (BPCL) | Petroleum and Natural Gas | Navratna | INR 60,000 to INR 1,80,000 | INR 16,00,000 |
Neyveli Lignite Corporation Limited (NLC) | Mining and Power | Navratna | INR 20,600 to INR 46,500 | INR 7,85,000 |
Power Grid Corporation of India Limited (PGCIL) | Power | Navratna | INR 60,000 to INR 1,80,000 | INR 20,00,000 |
National Aluminium Company Ltd. (NALCO) | Mining | Navratna | INR 40,500 to INR 1,40,000 | INR 11,00,000 |
Central Electronics Limited (CEL) | Electronics | Navratna | INR 40,000 to INR 1,40,000 | INR 9,00,000 |
Oil India Limited (OIL) | Petroleum and Natural Gas | Navratna | INR 24,900 to INR 50,500 | - |
Gas Authority of India Ltd. (GAIL) | Petroleum and Natural Gas | Navratna | INR 60,000 to INR 1,80,000 | INR 16,00,000 |
Power Finance Corporation Limited (PFCL) | Finance | Navratna | INR 24,900 to INR 50,500 | - |
Visakhapatnam Steel Plant (VIZAG) | Steel | Navratna | INR 20,600 to INR 46,500 | - |
Hindustan Aeronautics Limited (HAL) | Defense | Navratna | INR 16,400 to INR 40,500 | - |
Bharat Electronics Limited (BEL) | Defense | Navratna | INR 16,400 to INR 40,500 | - |
National Mineral Development Corporation Limited (NMDC) | Steel and Iron | Navratna | INR 16,400 to INR 40,500 | - |
Shipping Corporation of India Limited (SCIL) | Shipping | Navratna | INR 20,600 to INR 46,500 | - |
Rural Electrification Corporation Limited (RECL) | Power | Navratna | INR 20,600 to INR 46,500 | - |
Airport Authority Of India Limited (AAI) | Civil Aviation | MiniRatna | INR 16,400 to INR 40,500 | INR 8,00,000 |
National Hydroelectric Power Corporation (NHPC) Limited | Power | MiniRatna | INR 20,600 to INR 46,500 | - |
National Fertilizers Limited (NFL) | Fertilizer | MiniRatna | INR 16,400 to INR 40,500 | - |
Mazagon Dock Limited (MDL) | Defense | MiniRatna | INR 40,000 to INR 1,40,000 | INR 10,00,000 |
Mineral Exploration Corporation Ltd (MECL) | Mining | MiniRatna | INR 16,400 to INR 40,500 | - |
Rail India Technical and Economic Service Ltd., or known as RITES | Infrastructure | MiniRatna | INR 40,000 to INR 1,40,000 | INR 9,00,000 |
Bharat Earth Movers Limited (BEML) | Defense | MiniRatna | INR 24,900 to INR 50,500 | - |
Engineers India Limited (EIL) | Petroleum and Natural Gas | MiniRatna | INR 60,000 to INR 1,80,000 | - |
Bank Note Paper Mill India Private Ltd., or BNPM | Manufacturing paper | MiniRatna | INR 9,300 to INR 34,800 | INR 7,00,000 |
Odisha Power Generation Corporation (OPGC) | Power | MiniRatna | - | INR 4,50,000 |
Private Sector Undertaking jobs provide excellent opportunities for career growth and professional development, in addition to a competitive PSU salary structure. Here are a few aspects of career advancement in PSU jobs:
PSU jobs provide additional financial perks in the form of allowances to employees in order to cover various expenses that may arise while fulfilling their responsibilities or duties. The allowances provided by different PSUs can differ and might change due to company policies and government regulations. Here are some common allowances that are generally provided in PSU jobs:
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