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PSUs Salary Structure, Perks and Allowances, Career Growth

PSUs Salary Structure 2023

Engineering Graduates usually dream of getting a reputed position in the Public Sector undertakings (PSUs). The candidates can be selected for PSU jobs through GATE or on the basis of a written test. PSUs provide several job opportunities in technical and management fields giving several benefits like Dearness Allowance, Pension, Transport Allowance, etc.

The aspirants should know the PSU’s Salary Structure thoroughly before going for it. Candidates must read the full article for all the details related to PSUs Salary Structure and bookmark this website for further Engineering Job Updates.

Check: GATE 2023 Result

List of Maharatna, Navratna & Miniratna

Engineering Graduates can get the reputed position in the Maharatna, Navratna & Miniratna PSUs through GATE or Written Tests. The list of Maharatna, Navratna & Miniratna CPSEs (As of 30th November 2022) is given in the table below for the sake of ease of candidates:

Category Name of PSUs
Maharatna CPSEs 1. Bharat Heavy Electricals Limited
2. Bharat Petroleum Corporation Limited
3. Coal India Limited
4. GAIL India Limited
5. Hindustan Petroleum Corporation Limited
6. Indian Oil Corporation Limited
7. NTPC Limited
8. Oil & Natural Gas Corporation Limited
9. Power Finance Corporation
10. Power Grid Corporation of India Limited
11. Rural Electrification Corporation Limited
12. Steel Authority of India Limited
Navratna CPSEs 1. Bharat Electronics Limited
2. Container Corporation of India Limited
3. Engineers India Limited
4. Hindustan Aeronautics Limited
5. Mahanagar Telephone Nigam Limited
6. National Aluminium Company Limited
7. National Buildings Construction Corporation Limited
8. Neyveli Lignite Corporation Limited
9. NMDC Limited
10. Oil India Limited
11. Rashtriya Ispat Nigam Limited
12. Shipping Corporation of India Limited
Miniratna I CPSEs 1. Airports Authority of India
2. Antrix Corporation Limited
3. Balmer Lawrie & Co. Limited
4. Bharat Coking Coal Limited
5. Bharat Dynamics Limited
6. BEML Limited
7. Bharat Sanchar Nigam Limited
8. Braithwaite & Company Limited
9. Bridge & Roof Company (India) Limited
10. Central Warehousing Corporation
11. Central Coalfields Limited
12. Central Mine Planning & Design Institute Limited
13. Chennai Petroleum Corporation Limited
14. Cochin Shipyard Limited
15. Cotton Corporation of India Ltd.
16. EdCIL (India) Limited
17. Garden Reach Shipbuilders & Engineers Limited
18. Goa Shipyard Limited
19. Hindustan Copper Limited
20. Hindustan Steelworks Construction Limited
21. HLL Lifecare Limited
22. Hindustan Paper Corporation Limited
23. Housing & Urban Development Corporation Limited
24. HSCC (India) Limited
25. India Tourism Development Corporation Limited
26. Indian Rare Earths Limited
27. Indian Railway Catering & Tourism Corporation Limited
28. Indian Railway Finance Corporation Limited
29. Indian Renewable Energy Development Agency Limited
30. India Trade Promotion Organization
31. IRCON International Limited
32. KIOCL Limited
33. Mazagaon Dock Shipbuilders Limited
34. Mahanadi Coalfields Limited
35. MOIL Limited
36. Mangalore Refinery & Petrochemical Limited
37. Mineral Exploration Corporation Limited
38. Mishra Dhatu Nigam Limited
39. MMTC Limited
40. MSTC Limited
41. National Fertilizers Limited
42. National Projects Construction Corporation Limited
43. National Small Industries Corporation Limited
44. National Seeds Corporation
45. NHPC Limited
46. Northern Coalfields Limited
47. North Eastern Electric Power Corporation Limited
48. Numaligarh Refinery Limited
49. ONGC Videsh Limited
50. Pawan Hans Helicopters Limited
51. Projects & Development India Limited
52. Railtel Corporation of India Limited
53. Rail Vikas Nigam Limited
54. Rashtriya Chemicals & Fertilizers Limited
55. RITES Limited
56. SJVN Limited
57. Security Printing and Minting Corporation of India Limited
58. South Eastern Coalfields Limited
59. Telecommunications Consultants India Limited
60. THDC India Limited
61. Western Coalfields Limited
62. WAPCOS Limited
Miniratna II CPSEs 1. Artificial Limbs Manufacturing Corporation of India
2. Bharat Pumps & Compressors Limited
3. Broadcast Engineering Consultants India Limited
4. Central Railside Warehouse Company Limited
5. Engineering Projects (India) Limited
6. FCI Aravali Gypsum & Minerals India Limited
7. Ferro Scrap Nigam Limited
8. HMT (International) Limited
9. Indian Medicines & Pharmaceuticals Corporation Limited
10. MECON Limited
11. National Film Development Corporation Limited
12. Rajasthan Electronics & Instruments Limited

PSUs Salary Structure

PSUs usually offer a handsome salary in the range of  5 lakhs to 14 lakhs at the initial level of selection. The salary structure for PSUs like BHEL, ONGC, HPCL, IOCL, GAIL, CIL, SAIL, etc is given below:

PSUs Sector Type Salary  CTC
Indian Oil Corporation (IOCL) Petroleum & Natural Gas Maharatna Rs.24,900-Rs. 50,500 /- Rs. 12,00,000 /-
National Thermal Power Corporation (NTPC) Power Maharatna Rs.60,000 – Rs.1,80,000 /- Rs.18,00,000 /-
Oil & Natural Gas Corporation (ONGC) Limited Petroleum & Natural Gas Maharatna Rs.60,000-1,80,000 /- Rs.16,50,000 /-
Coal India Limited (CIL) Mining Maharatna Rs.50,000 – Rs.1,60,000 /- Rs.11,00,000 /-
Steel Authority of India (SAIL) Steel & Iron Maharatna Rs.20,600­ – Rs.46500 /- Rs.10,00,000 /-
Bharat Heavy Electricals Limited (BHEL) Defense Navratna Rs.60,000 – Rs.1,80,000 /- Rs.13,00,000 /-
Bharat Petroleum Corporation Limited (BPCL) Petroleum & Natural Gas Navratna Rs.60,000 – Rs.1,80,000 /- Rs.16,00,000 /-
Hindustan Petroleum Corporation Limited (HPCL) Petroleum & Natural Gas Navratna Rs.60,000 – Rs.1,80,000 /- Rs.16,00,000 /-
Neyveli Lignite Corporation Limited (NLC) Mining & Power Navratna Rs.20,600­ – Rs.46500 /- Rs.7,85,000 /-
Power Grid Corporation of India Limited (PGCIL) Power Navratna Rs.60,000 – Rs.1,80,000 /- Rs.20,00,000 /-
National Aluminium Company Ltd. (NALCO) Mining Navratna Rs.40,500 -Rs1,40,000 /- Rs.11,00,000 /-
Central Electronics Limited (CEL) Electronics Navratna Rs.40,000-Rs.1,40,000 /- Rs.9,00,000 /-
Gas Authority of India Ltd. (GAIL) Petroleum & Natural Gas Navratna Rs.60,000 – Rs.1,80,000 /- Rs.16,00,000 /-
Oil India Limited (OIL) Petroleum & Natural Gas Navratna Rs.24,900 – Rs.50,500 /-
Power Finance Corporation Limited (PFCL) Finance Navratna Rs.24,900 – Rs.50,500
Visakhapatnam Steel Plant (VIZAG) Steel Navratna Rs.20,600­ – Rs.46500 /-
Hindustan Aeronautics Limited (HAL) Defense Navratna Rs.16,400 – Rs.40,500 /-
Bharat Electronics Limited (BEL) Defense Navratna Rs.16,400 – Rs.40,500 /-
National Mineral Development Corporation Limited (NMDC) Steel and Iron Navratna Rs.16,400 – Rs.40,500 /-
Shipping Corporation of India Limited (SCIL) Shipping Navratna Rs.20,600­ – Rs.46500 /-
Rural Electrification Corporation Limited (RECL) Power Navratna Rs.20,600­ – Rs.46500 /-
Airport Authority Of India Limited (AAI) Civil Aviation Mini­ Ratna Rs.16,400 – Rs.40,500 /- Rs.8,00,000 /-
National Hydroelectric Power Corporation (NHPC) Limited Power Mini­ Ratna Rs.20,600­ – Rs.46500 /-
National Fertilizes Limited (NFL) Fertilizer Mini­ Ratna Rs.16,400 – Rs.40,500 /-
Mazagon Dock Limited (MDL) Defense Mini ­Ratna Rs.40,000-Rs.1,40,000 /- Rs.10,00,000 /-
Mineral Exploration Corporation Ltd (MECL) Mining Mini ­Ratna Rs.16,400 – Rs.40,500 /-
Rail India Technical and Economic Service Limited (RITES) Infrastructure Mini ­Ratna Rs.40,000-Rs.1,40,000 /- ₹ 9,00,000 /-
Bharat Earth Movers Limited (BEML) Defense Mini ­Ratna Rs.24,900-Rs.50,500 /-
Engineers India Limited (EIL) Petroleum & Natural Gas Mini­ Ratna Rs.60,000-Rs.1,80,000 /-

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Components of PSUs Salary Structure

The Public Sector undertakings (PSU) Salary Structure consisted of basic components like basic pay, Several Allowances, Insurance, Transport, Reimbursement, etc.

  • Basic Salary: It is the amount offered to the candidate working in the organization on the basis of the designation without any particular deduction and perks.
  • Perks and Allowances: The perks and allowances offered to the candidate are TA, DA, HRA, Children’s Education Allowance, City Compensation Allowance, etc.
  • Reimbursement: PSUs offer reimbursement for several facilities as per the organization norms like medical, newspaper, etc.
  • Insurance: PSUs provide health and life insurance to employees.
Latest Ongoing Recruitments
DRDO Recruitment 2023 ISRO Recruitment 2023
BHEL Recruitment 2023 BEL Recruitment 2023
NTPC Recruitment 2023 PGCIL Recruitment 2023
IOCL Recruitment 2023 ONGC Recruitment 2023

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How to check the PSUs Salary Structure?

The aspirants can check the PSUs Salary Structure through this article.

What are the perks and allowances offered in PSUs?

In PSUs Salary Structure several perks and allowances are offered like TA,DA,HRA,etc.

Which PSU pays highest salary?

PGCIL PSU pays the highest salary.

What is the salary of Level 5 in PSU?

The basic pay of Rs. 29,200 is the salary of Level 5 in PSU.

When will GATE 2023 Result out?

The GATE 2023 Result is out on 16th March 2023.

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