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COSTING ENGINEER (JIGS & FIXTURES)Larsen & Toubro · Coimbatore South, Tamil Nadu, India
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Larsen & Toubro

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COSTING ENGINEER (JIGS & FIXTURES)

🗓️ Posted 2026-10-08 Coimbatore South, Tamil Nadu, India Full-time Hybrid Engineering
💰 Salary Not shared 📊 Market ₹45,000–₹80,000/mo

About the Company

Larsen & Toubro is an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services. It operates in over 50 countries worldwide. A strong, customer-focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over eight decades. Corporate Sustainability: L&T was the first company in India in the engineering & construction space to publicly disclose its sustainability performance. Our Integrated Report, which tracks the sustainability performance of the organisation and its inter-connectedness with the financial performance, showcases how L&T is adding value to its stakeholders. Our technological capabilities enable us to reach various nodes and build a network spanning products, processes, employees, environment and community. This enables a more holistic consideration of actions, outcomes and impact, which in turn accelerates and amplifies returns across all capitals - Financial, Natural, Human, Manufacturing, Intellectual and Social & Relationship. Executive Offices Specialties: Aerospace, Infrastructure, Shipbuilding, Construction, Defense, Finance, Forging, Hydrocarbon, Information Technology & Engineering Services, Construction Equipment, Railways, Boilers, Process Plant, Turbines, Power, Renewable Energy, Manufacturing, Green Hydrogen

Responsibilities

  • ● ROLE SUMMARYThe Costing Engineer - Jigs & Fixtures is responsible for the end-to-end financial estimation of specialized tooling required for electronic assembly lines. This role involves analyzing technical drawings, calculating manufacturing costs for custom parts, and budgeting for complex automation components. The goal is to provide accurate "Should-Cost" models that ensure high-quality assembly solutions are delivered within budget.CORE RESPONSIBILITIES
  • ● Component & Material EstimationFabricated Parts:Calculate costs for metallic (Al, SS) and non-metallic (ESD plastics, Delrin) parts by evaluating material weight, machining cycles (CNC/VMC), and finishing processes.Bought-Out Items:Source and maintain price benchmarks for:Mechanical:Bearings, linear rails, and precision slide ways.Pneumatics:Cylinders, DCV valves, and manifold systems.Automation:PLCs, sensors (proximity/optical), magnets, and HMI units.Electrical:Push buttons, switches, wiring harnesses, and connectors.
  • ● Assembly & Validation CostingEstimate man-hours for mechanical assembly, pneumatic plumbing, and electrical wiring.Factor in costs for fixture testing, calibration, and Cpk/Ppk validation runs.
  • ● Strategic Financial AnalysisConduct Make vs. Buy analyses for custom fixture components.Perform Value Engineering (VA/VE) to suggest lower-cost alternatives for non-critical parts without sacrificing precision or safety.Maintain a live database of vendor quotes and historical cost data.TECHNICAL REQUIREMENTSEducation:B.E./B.Tech in Mechanical, Mechatronics, or Production Engineering.Experience:3-5 years in costing, specifically within high-precision tooling or electronics assembly.Software Proficiency: Advanced MS Excel (Macro/Pivot tables) and ERP systems (SAP/Oracle).Ability to view and measure parts using CAD software (SolidWorks/AutoCAD).Process Knowledge:Deep understanding of milling, turning, grinding, and surface treatments.KEY PERFORMANCE INDICATORS (KPIs)Estimation Accuracy:Variance between estimated cost and actual procurement cost.Turnaround Time:Speed of providing quotes for new assembly line projects.Cost Savings:Success in identifying 5-10 % annual savings through Value Engineering.BEHAVIORAL COMPETENCIESHigh attention to detail (zero-error mindset).Strong negotiation skills for dealing with external vendors.Ability to collaborate effectively between Design, Procurement, and Finance teams.