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Hiring! More PSUs expected on IIT campuses this year
NEW DELHI: Job prospects for IITians look better this year with public sector units (PSUs) planning to increase direct hiring from campuses.
NEW DELHI: Job prospects for IITians look better this year with public sector units (PSUs) planning to increase direct hiring from campuses.
PSUs had put direct recruitment from the Indian Institutes of Technology (IITs) on hold following a public interest litigation filed in the Madras High Court in 2014, which said that such hiring make it difficult for students from other institutes to get into such companies.
The court order left PSUs with only GATE scores and company-specific exams to recruit engineers. GATE is a nationwide exam for engineering graduates, and its scores can be used for post-graduate studies and PSU recruitments.
The Madras High Court, however, dismissed the plea in September last year, allowing institutes to approach PSUs for direct recruitment. To be sure, PSUs still recruit using GATE scores and specific exams.
The All-IIT Placement Committee (AIPC), the panel responsible for campus placements across IITs, had urged PSUs to recruit from IITs this year. HPCL and CIL have already visited IIT Bombay in April this year, and had offered jobs to around 20 students in ₹10-12 lakh per annum range.
“We are expecting a positive response from PSUs this year, because of the initiative of the AIPC to reach out to PSUs,” says professor Manu Santhanam, placement adviser, IIT Madras.
Prof Debasis Deb, chairman of the career development centre of IIT Kharagpur told HT that they have already received positive responses from PSUs. IITs Gandhinagar and IIT Roorkee also said that PSUs have already confirmed plans to visit their campuses. The institutes did not disclose the names of the PSUs.
IIT (BHU) Varanasi has been approached by Mishra Dhatu Nigam Ltd (Midhani – a miniratna) for campus hiring. IIT Indore is also in talks with HPCL, Coal India and BPCL.
These placements will happen when the final season starts across IITs in December. However, as on September 15, several public sector companies, mostly in the core engineering sector, have already made pre-placement offers (PPOs) to pick up talent from these institutes.
At IIT Kharagpur, 37 companies have offered 128 PPOs. IIT Roorkee saw 71 PPOs from 16 companies, with ₹ 29 lakh being the highest package on offer. IIT Madras saw 35 PPOs from 14 companies, while IIT Indore, one of the newbies, received seven offers with ₹27 lakh being the highest package on offer. These were marginal improvements over last year.
