Government of India Incorporated NMDC in the year 1958, presently the company is under the Ministry of Steel and head office of the enterprise located in the Hyderabad city.
The company has expertise in the mining of following ores
- Iron ore,
- Rock phosphate,
- Lime stone,
- Beach sands
Some key details about the Navratna mining sector PSU shown here.
|Parent Ministry||Ministry of Steel, Govt of India|
|Chairman & Managing Director||Shri N.Baijendra Kumar, IAS|
|Classification||Schedule – A|
|No. of Employees (as on 31.03.2018)||5,382|
|Revenue (2017-18)||Rs 12,134.64 Crore|
|Profit (2017-18)||Rs 3,805.88 Crore|
The PSU, recently circulated a vacancy notification for the Executive Trainee (Technical and Administration) to work in the officer post at NMDC Steel Limited (NSL) which is a subsidiary company under the National Mineral Development Corporation.
NMDC Junior Manager Salary
The graduate engineer will be on training for one year and after that, they will on probation for next year. After the successful completion of training, NMDC Steel Ltd will post the executive trainee in the M-2 officer’s grade in the 3rd PRC revised IDA pay scale of 50,000 – 160,000.
The entry pay for the executive trainee or Junior Manager should be 50,000 per month. But the Navratna company is offering two additional increments hence the actual basic would be 53,050 after joining the service.
Apart from the basic pay, these newly appointed Junior managers will also get the DA, cafeteria allowance, performance linked pay, provident fund and pension contribution from the employer. The full detailed of NMDC Executive Trainee shown in the following table.
|Component||2nd PRC Pay (Jan 2007)||3rd PRC Pay (Jan 2017)|
|Post Name||Executive Trainee|
|Group||Class-I / Executive Post|
|Grade||E-2 / M-2|
|Pay Scale (Pre-revised)||20600-3%-46500/-||50,000 – 160,000|
|Superannuation Benefits (EPF+PRMB+Gratuity+Pension)||15,831||17,315|
|PRP||Max Rs 8,744||Max 21,220|
|Gross Pay per Month||Rs. 83,186/-||Rs. 114,821/-|
By analyzing the above tabular data the Junior Manager salary in NMDC was around 83,186/- before the pay revision and same get revised due to 3rd PRC. So after the 3rd Pay Revision committee implementation in the NMDC limited the revised per month compensation for the executive trainee post would be Rs. 114,821/- approximately.
Facility & Other Benefits
- Medical reimbursement,
- Housing facility
- Newspaper Allowance
- Mobile handset purchase allowance
- Children Education Allowance
- Leave Travelling Concession
- Pension Contribution
- Post Retirement Medical Scheme
Executive Cadre Hierarchy
There is a total 12 executive grade in the NMDC limited, the lowest level is JO and highest is M-11 for the Executive Director post. The Junior Manager which is a lower management post gets posting in the M-2 grade. An ET will become an Assistant Manager on M-3 grade and his/her pay scale get upgraded to the next level.
The following table is representing all executive grades and the respective pay scale in the NMDC limited.
|NMDC Steel Limited Executives Salary|
|Post Name||Grade||Pay Scale|
|Junior Officer||JO||37,000 – 130,000|
|Executive||M-1||40,000 – 140,000|
|Jr.Manager/Executive Trainee||M-2 (Induction Grade)||50,000 – 160,000|
|Asst. Manager||M-3||60,000 – 180,000|
|Dy. Manager||M-4||70,000 – 200,000|
|Manager||M-5||80,000 – 220,000|
|Sr. Manager||M-6||90,000 – 240,000|
|Asst. General Manager||M-7||100,000 – 260,000|
|Dy. General Manager||M-8||120,000 – 280,000|
|Jt. General Manager||M-9||120,000 – 280,000|
|General Manager||M-10||120,000 – 280,000|
|Executive Director||M-11||150,000 – 300,000|
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