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:

Revised Pay Scale For Different Grades (w.e.f. 01.01.2007)

BOARD LEVEL GRADE PAYSCALE Sch.A 80000-3%-125000 Sch.B 75000-3%-100000 EXECUTIVES GRADE PAYSCALE E9 62000-3%-80000 E8 51300-3%-73000 E7 To be Notified E6 To be Notified E5 43200-3%-66000 E4 36600-3%-62000 E3 32900-3%-58000 E2 24900-3%-50500 E1 20600-3%-46500 E0 12600-3%-32500

NON-EXECUTIVES GRADE PAYSCALE S11 12460-3%-23970 S10 11860-3%-22920 S9 11400-3%-19350 S8 10960-3%-17680 S7 10530-3%-17030 S6 10120-3%-16400 S5 9730-3%-15020 S4 9440-3%-13930 S3 9160-3%-13150 S2 8890-3%-12650 S1 8630-3%-12080

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