IOCL Salary Structure through GATE for engineers & officers

IOCL is the Maharatna company with a turnover of Rs 506,428 Crores which is the highest among all PSUs in India. It has got the 137 positions in the Fortune Global 500 companies 2018 list.

The Maharatna Company recruits chemical, civil, Computer Science, Information Technology, Electrical, Electronics & Communications, Instrumentation, Mechanical, and Metallurgical Engineering graduates on the basis of their performance in GATE examination, Group Discussion or Group Task and Personal Interview.




I will discuss the IOCL Engineers and Research Officers salary after the regular service in the company. Let’s first check the key details of the Indian Oil Corporation Limited which is mandatory to know for everybody who is preparing to get selected in this CPSE.

Key Information

Headquarter New Delhi
Parent Ministry Petroleum and Natural Gas
Status Maharatna Company
Classification Schedule – A
CMD Mr. Sanjiv Singh
No. of Employees (As on 31 March 2018) 33,157
Total No. of Executives 17,123
Total No. of Non-Executives 16,034
Women Employees 2,770
Revenue (2017-18) Rs 506,428 Crore
Profit (2017-18) Rs 21,346 Crore
End Products Indane Gas, Auto Gas, Natural Gas, Petrol/Gasoline, Diesel/Gas oil,ATF/Jet Fuel, SERVO lubricants & greases, Marine Fuels & Lubricants, Kerosene, Bulk/Industrial Fuels, Bitumen, Petrochemicals, Special Products, Crude Oil, (Read more from here)


IOCL Engineers/ Officers Salary

As it is a profit making company, hence it has implemented the 3rd Pay Revision Committee guidelines for the executives and non-executives working in the company.

The graduate engineers are being recruited at the level of ‘A’ or ‘E1’ pay scale (60,000 – 1,80,000). The initial basic pay for research officers will be of 60,000 per month. The detailed salary structure for the newly appointed engineers in the Indian Oil Corporation of India Limited shown below.

Component Name Salary
Pay Scale 60,000 – 1,80,000
Grade E-1 Or A
Group Class-I / Executive Post
Basic Pay 60,000
DA 5,280
Total EPF 15,668
Perks 21,000
 HRA (If applicable) 4,800 or 9,600 or 14,400
PRP Maximum Rs 24,000
Gross Pay per Month Rs 1,18,114/- to 1,32,514

Hence a fresh engineer would get a minimum salary of Rs 1,18,114/- per month after joining the company at a regular post.



Cadre Hierarchy

Indian Oil Corporation of India Limited recruits engineers at lower level management post, these graduates get time bound functional promotions as per the company policy. The below table contains the IOCL managerial post hierarchy from the lower level to the top for the executives. The pay scale of an executive gets upgraded to the next higher level after every promotion.

Grade Designation Pay Scale
Ao Asstt. Officer / Engineer Rs. 50,000 – 1,60,000/-
A Officer / Engineer Rs. 60,000 – 1,80,000/-
B Sr. Officer / Sr. Engr. / Asst. Manager Rs. 70,000 – 2,00,000/-
C Deputy Manager Rs. 80,000 – 2,20,000/-
D Manager Rs. 90,000 – 2,40,000/-
E Senior Manager Rs. 1,00,000 – 2,60,000/-
F Chief Manager Rs. 1,20,000 – 2,80,000/-
G Dy. General Manager Rs. 1,20,000 – 2,80,000/-
H General Manager Rs. 1,20,000 – 2,80,000/-
I Executive Director Rs. 1,50,000 – 3,00,000/-
Director (Schedule A) Director Rs. 1,80,000 – 3,40,000/-
Chairman (Schedule A) Chairman Rs. 2,00,000 – 3,70,000/-

IOCL Officers Facilities and Benefits

  • Medical Reimbursement
  • Leave Travel concessions
  • Provident Fund
  • Gratuity
  • Superannuation Benefits
  • townships located at its Refinery locations are self-sufficient with all the basic amenities viz. outdoor and indoor medical facilities, schools, markets, clubs, recreation centers, etc.
  • IOCL conducts annual games/ sports meets, cultural meets, etc. for its employees and their family members.
  • It extends various types of special leaves to its women employees viz. maternity leave, husband joining leave, childcare leave, child adoption leave, etc.

IOCL Subsidiaries Companies

  • Chennai Petroleum Corporation Limited
  • Indian Catalyst Private Limited

Foreign Subsidiaries Companies

  • IndianOil (Mauritius) Ltd. (Mauritius)
  • Lanka IOC PLC (Sri Lanka)
  • IOC Middle East FZE (UAE)
  • IOC Sweden AB (Sweden)
  • IOCL (USA) Inc.
  • IndOil Global B.V. (Netherlands)
  • IOCL Singapore Pte. Ltd.

IOCL Joint Ventures List

  • Avi-Oil India Pvt. Ltd.
  • Delhi Aviation Fuel Facility Private Limited
  • Green Gas Ltd.
  • GSPL India Transco Ltd.
  • GSPL India Gasnet Ltd.
  • IOT Infrastructure & Energy Services Ltd.
  • IndianOil Adani Gas Pvt. Ltd.
  • IndianOil Petronas Pvt. Ltd.
  • IndianOil Skytanking Pvt. Ltd.
  • Indian Synthetic Rubber Pvt. Limited
  • Kochi Salem Pipelines Private Limited
  • Lubrizol India Pvt. Ltd.
  • Mumbai Aviation Fuel Farm Facility Pvt. Ltd.
  • NPCIL – IndianOil Nuclear Energy Corporation Limited
  • Petronet LNG Ltd.
  • Suntera Nigeria 205 Limited
  • IndianOil LNG Private Limited
  • Hindustan Urvarak and Rasayan Limited
  • Ratnagiri Refinery and Petrochemicals Limited

Source: IOCL Official Website

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