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2013 Placements Are A Let Down For New IITs
In February 2012, an interim order was passed by the Madras High Court that restrained PSUs from recruiting in leading colleges including the IITs. The stay was later vacated by the court in September 2012 but the final order is pending. In such a situation, even if offers are made by the PSUs, they will stand revoked if the High court reverses its decision resulting in loss of employment to the individual.
According to the IIT Hyderabad placement wing, 40 companies came to hire 150 students. This year, while the number of students has risen to 200, the number of companies is expected to remain the same. Works Applications, which offered annual compensation of 
35 lakh (international ) last year, did not recruit any this time round.
Prabha Sharan Singh of IIT Ropar, states that the companies which hire mechanical and electrical engineering students are likely to be cutting down on numbers because of the downturn. In 2013, IIT Ropar placed only 73 percent of its B-Tech and 60 percent of its M-Tech students. This year, 38 students have been recruited so far from among the 90 sitting for placements, which have hit an all time low conversion of 42 percent. The highest offer so far has been 13 lakh from Morgan Stanley compared with Microsoft's 16 lakh last year.
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