Reports suggest that almost 200 companies are slated to visit the institute’s Kanpur campus for placements this year.
The student will be receiving $136000 (Rs 94 lakh) as basic pay, in addition to $70,000 as expenditure for medical, visa charges, stock ownership options and relation, according to a report in media. This rounds the total package off to almost Rs 1.5 crore.
Sources suggest that almost 200 companies are slated to visit the institute’s Kanpur campus for placements this year. Last year, this number was about 280, with the highest pay package being Rs 93 lakh.
Companies offering technology for reservoir characterization, drilling, production and processing operations for natural fuels are not present, the report says. Companies such as Transocean and Schlumberger have also not made it to the placement season this time.
A number of e-commerce firms, such as Amazon, Ola, Uber and Paytm, are also taking part in the placements. Out of these, Uber is yet to select students.