IIT Dhanbad (ISM) - Indian Institute of Technology (ISM) Answered Questions

When it comes to petroleum engineering in particular, IIT (ISM) Dhanbad has got no match all across India. If we talk about last 2-3 years, almost top 60% (GPA wise, good communication skills, good CV) of the total strength (100 - 110) got placement in core companies like Schlumberger, Shell, Cairn India, Halliburton etc. which is above Rs 10 to Rs 12 lakhs per annum. Rest of them have to accept either the placement offers of IT companies or have to go for further studies. There is a very little scope of off-campus placements in India. Quality placements are very good but quantity placements are not so good in core companies - this means that average package and percentage of batch placed is not that great as compared to other branches of IITs, but ISM, Dhanbad has recently been recognized as Indian Institute of Technology. It may take time to get more quantity of placements, but it may improve in years. In 2017, out of 97 students who appeared for the placement process in total, almost 35 students grabbed the core company job. Some of the students joined the non-core one.
The recent placement statistics of 2017 session is mentioned in the link given below:-
http://iitism.ac.in/result/2017.pdf
Hope this helps! All the Best!

Well, to answer how much fruitful it is, is a very relative answer. Different people will have a different opinion. If I say it is fruitful to an extent, you'll consider the college. Some might dishearten you and you would be demotivated to join. There are various reasons to join and not to join. Join if you want to live a life of an IITian. This college is pretty decent and has its own brand value. Most importantly, admission is only through CAT percentile.
For highest and lowest packages and other placements records, please go through the previous answers.