There are many college in bhopal for the placement of Rd 5 lacs and more than it. in bhopal there are n number of private engineering college. All colleges are not best for the placement pt of view one of the college that i know to the best pf my knowledge is SIRT Bhopal, It is most reliable and best upcoming colleg in the bhopal. http://www.sirtbhopal.ac.in
this is the second top college in bhopal for the placement.
There are many engineering colleges with average packages to 5lakhs but the fact is that most of the students does not get placed therefore you should try for iit where more than 70 percentage of students are placed and with an average packages ranging about 15 LPA .
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