Over 400 students out of a batch-size of 500 facing placements at the Adityapur-based National Institute of Technology (NIT) for the 2017-21 batch have landed jobs in various companies that have so far participated in the ongoing placement process at the tech cradle.

Data available from the training and placement cell revealed that the institute has so far achieved an overall 81 per cent placement. About 80 companies have so far participated in the placement process recruiting students from various streams of engineering. Another 50 companies are expected to turn up for recruiting students till July this year which is the end of the placement season.

The online recruitment process for the current batch which began in July 2020 gained momentum in October. The companies participating in the placement process are head hunting students through the virtual process happening for the first time due to the Covid-19 pandemic.

Data suggests that the computer science engineering stream recorded 95 per cent placement. This was closely followed by the electronics and communication engineering stream which recorded 92 per cent placement. Both electrical and mechanical engineering streams achieved 75 per cent placements each so far. The metallurgical and materials engineering stream too achieved 75 per cent placements so far. According to the data, the civil engineering stream recorded 60 per cent placements while the production and industrial engineering stream achieved 77 per cent placements.

Professor-in-charge of the training and placement cell, Prahlad Prasad termed the placement scenario as encouraging. “The placement scenario looks encouraging so far. The placement target for the current batch may be as good as previous years or even more,” he said.

Notably, Amazon has so far offered the highest package of Rs 30 lakh per annum, while the average package so far has been Rs 12 lakh per annum. In the computer science engineering branch, the average package has been higher at Rs 18 lakh per annum.

Apart from e-commerce major Amazon, some of the companies that have already participated in the online recruitment process are Deloitte, Tata Power, Axis Bank, Vedanta, Bajaj Auto, Nokia, Comviva, TCS Innovator, Paytm, Genpact, Goldman Sachs, Lowe's India, One Plus, Cargil, Tekion, Tata Steel, Mentor Graphics, Publicis Sapient, Info Edge, Samsung (R&D), Bajaj, DMI Finance, Axeela, ZS Associates, Amdocs and Capgemini.

The previous batch (2016-2020) had secured 92.11 per cent placements with an average CTC of Rs 8.71 lakh per annum.