The number of public sector undertakings (PSUs) lining up to take part in IIT placements has seen a sharp rise this year. Almost all major IITs have more than double the number of PSUs -both Maharatnas and Navratnas -queuing up to participate in the recruitment process that begins on December 1. Isro, DRDO and Navy will also join the process.
At IIT-Kharagpur, the country’s oldest IIT, the number of PSUs confirming participation has gone up from four last year to 13 this year. Some of the big names include Indian Oil, HPCL, BPCL, and BEL.
Bigger participation from the sector will change the placement pattern as the PSUs offer jobs to many students in one go. “Last year, Coal India recruited around 31students,” said Debashis Deb, placement chairperson at IIT-Kharagpur. Besides, a PSU job is more secure with proper pay scales and attractive post-retirement benefits, Deb pointed out.
“PSUs also consider the student community as a whole and even weaker ones find plum positions,” said another teacher.
Kaustubha Mohanty, placement chairperson of IIT Guwahati and convener of the All-IIT Placement Committee, said the number of PSUs at the Guwahati campus has gone up from three last year to seven. “The Madras high court dismissing a plea against direct recruitment by PSUs could be a reason,” he said.
At IIT Madras, eight PSUs have confirmed participation.”The new ones this year are Coal India, ONGC, HPCL, Midhani (Miniratna) and BEL,” said Manu Santhanam, chairman of placements at IIT-Madras. ” After implementation of the seventh pay commission, PSUs are offering salaries at par with the private sector. Add to this job stability and clearly PSUs emerge as more lucrative employers,” Santhanam said.