The monthly remuneration received by each of its officers and employees, including system of compensation as provided in company regulation

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The monthly remuneration received by each of its officers and employees, including system of compensation as provided in company regulation

The remuneration of the officers (Executives) of the company is governed by the guidelines of the Department of Public Enterprises, Government of India. The pay scales of officers are of Industrial DA pattern. The Remuneration of employees (Non-Executives) is fixed through negotiation with workmen’s Union subject to the overall guidelines of Department of Public Enterprises Government of India. The monthly emoluments of officers and workmen at various grades of pay scale are given below :

Pay Scale of Different Grades:

EXECUTIVES (w.e.f. 01.01.2017)
E9 150000-3%-300000
E8 120000-3%-280000
E7 120000-3%-280000
E6 120000-3%-280000
E5 100000-3%-260000
E4 90000-3%-240000
E3 80000-3%-220000
E2 70000-3%-200000
E1 50000-3%-160000
60000-3%-180000
E0 30000-3%-120000
NON-EXECUTIVES : w.e.f. 01.01.2012 (under revision)
S11 18000-3%-43950
S10 17900-3%-42030
S9 17800-3%-35480
S8 17700-3%-32420
S7 17600-3%-31230
S6 17500-3%-30070
S5 17300-3%-27540
S4 17100-3%-25540
S3 16800-3%-24110
S2 16300-3%-23200
S1 15830-3%22150

NOTE:- Remuneration and Compensation are as per company's guideline.