Sensex bulls have a way of bringing placement cheers on engineering college campuses.

The lone state-run engineering college of Jharkhand, BIT-Sindri has had a great start this placement season. Since September 3, when the initiative began, five recruiters have selected 180 BTech final-year students of the 707-strong batch, offering yearly pay packages between Rs 3.15 lakh and Rs 8.5 lakh.

Last year, out of 707 students, 320 out of 707 students managed to be placed in the whole season. However, 25 recruiters came to campus that year, a decent enough figure when the national economy was muted.

This year, Tata Consultancy Services (TCS) lapped up 102 students, exactly double of last year, offering a package of Rs 3.18 lakh at a three-day intensive selection process between September 3 and 5.

Of the 102, 23 were selected from electrical engineering, 16 from computer science, 15 from electronics and communication, 11 each from chemical and production, 10 from information technology, five each from mechanical and metallurgical and civil streams and one from mining.

Software major IBM India Ltd, which visited the institute on September 15, was the second largest recruiter so far, offering an annual package of Rs 3.15 lakh each to 64 students.

IBM took 12 students from production engineering, 10 from chemical, nine from civil, eight from electrical, six each from metallurgical and electronics and communication engineering streams, five from mining, three each from computer science and information technology and two from mechanical.

Ericsson Global, a software company, visited the institute on September 11-12 and handed out offer letters to 11 students, including four each to students of electronics and communication and computer science, and three of information technology. Ericsson gave out packages of Rs 3.46 lakh per year.

Analytics services provider Mu Sigma, which visited the cradle on September 19-20, offered a mechanical engineering student a composite package of Rs 18 lakh for three years, which works out to Rs 6 lakh a year.

The best for the last. The highest package this session was Rs 8.5 lakh a year, which Tata Steel handed out to two mechanical engineering students as a pre-placement offer.

Associate professor of electrical engineering department D.K. Tanti, also the institute’s training and placement officer, said talks with more recruiters, including Tech Mahindra and Wipro, to finalise interview schedule were on.

The companies are likely to arrive after October 7 when the institute reopens after Durga Puja vacation.

“True, we are expecting a better placement scenario this year compared to last year due to the industrial upswing. And, for our part, we will continue to liaison with recruiters, including Jharkhand-based companies,” Tanti said.