HPCL is a Navratna Public Sector Undertaking, listed in a both BSE and NSE. It also manages to make a presence in the Fortune 2,000 company list.
Quick facts about the Company
|Parent Ministry||Petroleum and Natural Gas|
|Classification||Schedule – A|
|No. of Officers||25,393|
|No. of Non-Executives||6,637|
|Total Employees (31 March 2018)||32,030|
|Revenue (2017-18)||Rs 245,934.58 Crore|
|Profit (2017-18)||Rs 6,357.07 Crore|
In this post, I will share the salary earned by the directly recruited officers and engineers through GATE examination.
This year mechanical, chemical, and civil engineering graduates are eligible for the officer’s post in the Hindustan Petroleum Corporation Limited.
On the basis of GATE score, the Navratna Company will call the candidates for the personal interview round according to the number of vacancy in each category.
HPCL Engineer Salary in hand
Those who found fit for the selection, the Oil sector PSU will place these engineers on probation of One year in the IDA pay scale of 60,000 – 180,000/-.
The entry pay for the newly joined officers in the HPCL will be 60,000 per month. After 3rd PRC, the PSU will provide them DA, HRA, perk, performance linked incentives, and various facilities. Let’s check the Hindustan Petroleum Corporation Limited Engineers Salary details.
|Component Name||Salary details|
|Pay Scale||60,000 – 1,80,000|
|Grade||E-1 Or A|
|Group||Class-I / Executive Post|
|Superannuation Fund (PF+Pension+Pension)||19,584|
|HRA (if applicable)||4,800 or 9,600 or 14,400|
|Performance Linked Incentives||Maximum Rs 24,000|
|Gross Pay per Month||Rs 129,864 to 144,264/-|
The selected candidates who get an appointment in the oil sector company would get a total sum of Rs 129,864/- per month as a salary after joining the Navratna PSU. From the above pay superannuation benefits will get deposited into to employee’s fund account hence the officer won’t get this cash in salary account. Also, he/she need to pay taxes as per government income tax slab rates applicable.
Officers Facility and Benefits
- Medical Benefits,
- Fuel Allowances,
- Professional Update allowance,
- Mobile handset Purchase (Once in every two years),
- Leave fare allowance (Once in every two years),
- Furniture Purchase (Once in every six years),
- Computer advance (Once in every three years),
- Home lease facility,
- Provident fund,
- Gratuity, and
- Post retiral Medical benefits
Engineers Pay Scale & Promotions
To get a promotion in the Hindustan Petroleum Corporation Limited one has to complete 3 years of regular service in one grade than s/he will become eligible for the next higher post.
The promotions criteria for the Deputy General Manager and the above post is the last three-year performance. Here is the list of HPCL Officers grade and analogous pay scales.
|Post Grade||Entry Basic Pay||Max Basic Pay|
Source of Information: Visit here