इंडियन रेयर अर्थस लिमिटेड

DETAILS OF VACANCY / POSITION

a) Number of Posts

b) Stipend/ Pay-Scale

During Management Trainee period: Rs 57,000/- per month as stipend

On completion of training period: Assistant Managers in the E-1 grade of the pay of Rs. 40,000-140,000/- with a basic pay of Rs. 40,000/-. Approx. CTC 13.25 lakhs per annum, excluding Performance Related Pay (PRP) and in-patient hospitalization benefits for self and dependents, as per the rules of the company.

c) Reservation of Posts: Category wise break-up of vacancies

Abbreviations: UR- Unreserved, EWS- Economically Weaker Section, SC- Schedule Caste, ST- Scheduled Tribe, OBC(NCL)- Other Backward Classes (Non-Creamy Layer)

*Out of the above 35 vacancies, 01 vacancy is earmarked for PwBD candidate.

d) Age Limit

27 years as on 20.08.2023

e) Relaxation in age limit

i. The candidate claiming reservation benefit shall be required to submit the requisite caste/disability/other relevant certificate issued by the competent authority.

ii. Age relaxation for various categories shall be as under:

In any case, the upper age (including all relaxations) of the applicant should not exceed 56 years.

f) Suitability of posts for PwBD candidates

OA=one arm, OL=one leg, OAOL=one arm & one leg, HH= hearing handicapped

The PwBD appointed will be adjusted against the vacancy of respective categories viz, UR/EWS/SC/ST/OBC(NCL).

g) Qualification and Eligibility Criteria

i. Engineering degrees allowed for each discipline of Post code 01 are as follows:

ii. Only the above mentioned disciplines will be considered. Courses/ disciplines with equivalence to the above will not be considered.

iii. All the above qualifications should be with “First Class” (60% marks in aggregate) in respect of UR/OBC (Non-Creamy Layer)/EWS candidates and with 55% marks in aggregate in respect of SC/ST candidates.

iv. Fraction of percentage in educational qualification will be ignored and will not be rounded off to the next higher integer i.e. 59.9% will be treated as less than 60%.

v. Wherever CGPA/OGPA/DGPA or Letter Grade in a degree / diploma is awarded, its equivalent percentage of marks must be indicated in the application form as per norms adopted by University/Institute. The applicant shall also submit the conversion formula for deriving CGPA to percentage equivalence issued by the concerned University/Institution, failing which the application is liable to be rejected.

vi. In case a course of study offers dual specialization in two functional areas i.e. in one major discipline (functional area) and one minor discipline, the applicant shall be considered only in the discipline (Functional area of study) of major specialization. However, in case where no such difference exists of major and minor specialization in dual specializations areas, the applicant can be considered in either subject to documentary evidence. In this regard, the applicant needs to produce a certificate issued by the competent authority showing Major and Minor area of specialization or equal weightage of both courses whichever is applicable.

vii. The courses mentioned above should be of full-time/regular nature and should be recognized by the State/Central Government/UGC/AICTE (as applicable).

viii. Applicants whose final results are awaited and/or are appearing for the final year/semester examination during 2023, but are otherwise eligible, may also apply. If selected they will be required to submit the final result indicating completion of the degree and percentage of marks before the date of joining as specified by IREL.

ix. In case of any dispute arising about the admissibility of any particular qualification, the decision of the Management of IREL shall be final and binding.

3. SELECTION PROCESS

The selection procedure shall comprise the following:

a. Written Examination:

The written examination will be held for a duration of 2 Hours (in one sitting) consisting of two Papers.

Paper-I will consist of 100 Objective type questions on Professional Knowledge (Discipline related) and Paper-II will consist of 50 objective type questions on General Knowledge/Awareness, Reasoning, Numerical ability, and General English with multiple-choice answers in each Paper. Each question will carry 1 mark. There will be a penalty of 0.25 marks for each wrong answer. No marks will be awarded for un-attempted questions. The question paper shall be set in bilingual i.e. English and Hindi only. However, in case of any typographical error in Hindi, the English version of the question shall be considered as valid.

The minimum marks required to be obtained to be considered for a personal interview will be as follows:

Candidates are required to appear in the written examination at their own expenses and if shortlisted in the Computer-Based Test as per the above criteria, they will be called for a Personal Interview as per their merit in the ratio of 1:5 (5 candidates called against 1 vacancy) keeping in view the provision of reservation for SC/ST/OBC (Non-Creamy Layer)/PWD. Management reserves the right to shortlist the candidates for Computer-Based Test/Interview. The final selection will be based on the consolidated merit of Computer-Based Test and Personal Interview.

Exam Centre: The written examination will be held in Delhi, Mumbai, Chennai, Kolkata, Ahmedabad, Bhopal, Lucknow, Bengaluru, Kochi, Bhubaneswar, Vishakhapatnam, Guwahati, and Nagercoil. Candidates may opt/choose 2 examination centres in order of their preferences. The centre(s) opted will not be changed at a later stage after submission of the Application Form. IREL reserves the right to allocate any examination centre or change the centre opted by the candidate.

b. Personal Interview:

List of candidates who are declared as shortlisted for the Interview will be uploaded on the Company website and they will be intimated about the date, time, and venue through E-mail only. The Interview call letters are also required to be downloaded/printed from the Company’s website on the announcement of Interview schedule. Similarly, the final list of selected candidates will also be uploaded on the website and they will also be intimated about the joining date and other formalities through Email.

c. Pre-Employment Medical Examination:

Before joining services, the selected candidates will have to undergo a medical examination arranged by the company Medical Officers and the decision of the Medical Officer will be final and binding.

d. Character and Antecedents (C & A) verification etc.:

Appointment of selected candidates shall be further subject to verification of ‘Character and Antecedents’ and ‘Special Verification’ from the concerned authorities and experience verification as per the rules of the company.

e. Offer of Appointment:

Candidates finally selected for the post will be offered an appointment as per company policy. The selected candidate will be on training initially for a period of one year. On satisfactory completion of the training period, the candidates shall be absorbed in the E-1 grade, Scale of Pay Rs 40,000-140,000/- as Assistant Managers, where he/she shall be further placed on probation for a period of one year and shall be confirmed on successful completion of the probationary period. Performance of the selected candidates shall be reviewed periodically with reference to the task assigned to him/her from time to time.

f. Service Agreement Bond:

Selected candidates will be required to execute a Service Agreement Bond of Rs. 3,00,000/- (Rupees Three Lakhs only) for Gen/OBC(NCL) candidates and Rs. 2,00,000/- (Rupees Two Lakhs only) for SC/ST/PwBD/EWS candidates for serving IREL (India) Limited for a minimum period of 3 years after successful completion of training and being appointed in the regular rolls of the company.

4. CAREER PATH:

IREL has a conducive and challenging work environment and offers attractive opportunities for growth through various on the job training and various assignments, learning and development etc.

5. EMOLUMENTS:

a. Selected candidates shall undergo one year training at various units/offices of IREL. During the Training period, Management Trainees will get an approximate gross amount of Rs. 57,000/- per month as stipend. In addition to it, Management Trainees will be given Half Pay Leave (HPL), Casual Leave (CL), and medical facility for self and eligible dependent family members as per rules of the company.

b. After successful completion of training, the Management Trainees will be absorbed as Assistant Managers in the E-1 grade of the pay of Rs. 40,000-140,000/- with a basic pay of Rs. 40,000/-. Besides Basic pay, candidates will be paid Industrial Dearness Allowance (IDA), HRA/Company accommodation, perks and allowances, and other benefits such as Leave Encashment, Medical Facilities for self and dependant family members, Contributory PF, Gratuity, PRP, Uniform, etc. The CTC would be around 13.25 lakhs per annum excluding Performance Related Pay (PRP) for Mumbai location. In addition to the above, candidates are also eligible for Post-Retirement Medical benefits after retirement.

6. FORWARDING OF APPLICATIONS OF CANDIDATES FROM GOVT. AND PUBLIC SECTOR UNDERTAKING:

a. Persons employed in State/Central Government/Semi-Government/Autonomous Bodies/State and Central PSUs, etc. are required to forward their applications along with all relevant documents through proper channel or produce ‘No Objection Certificate’ (NOC) at the time of the interview failing which he/she will not be allowed to attend the interview.

b. Post of Management Trainee being a direct recruitment on an initial basic pay, the Company will not bear any liability on account of salary/Leave salary, carry forward of other service benefits whatsoever of previous employment if any even in the event of application through proper channel/submission of NOC.

c. In the event of selection, all such candidates will be allowed to join IREL only on production of a proper relieving order from their previous employer.

7. PLACE OF POSTING:

Candidates may be posted anywhere in Units/Offices of IREL. Only candidates willing to serve anywhere in India should apply.

https://www.irel.co.in/documents/20126/167125/1-Advt.+No.COHRM192023-English-+final.pdf/3586da42-8cbf-260f-1509-674fe416208f?t=1689923716826

Management Trainee (35 Jobs) – Last Date 20 August 2023 (Mumbai, Maharashtra), Indian Rare Earths Limited (IREL) recruits Management Trainee posts. Candidates with B.E./B. Tech can apply.