As far as Universities in India are concerned IIT Kharagpur followed by IIT Bombay, IIT ISM Dhanbad and IIT Roorkee are the four best institutes for pursuing a masters or doctoral degree in applied geology / geophysics in India. The Earth Sciences department at IIT Kanpur is another good choice in this domain.
Most of these above IITs have good placements for Geology Students with companies like Vedanta, ExxonMobil, Schlumberger, Reliance, Petronas, Indian Oil, Tata Steel, Coal india, UCIL and other oil and energy sector companies being regular recruiters. Many students after Ph.D also have the option to move abroad for a Post Doc and pursue research in some of the worlds renowned universities. Besides this many students even prepare for the Combined Geo-Scientist and Geologist Examination by Government of India as well as other prestigious Government Exams.
For more information about Ph.D in Applied Geology and universities in India do follow the link below
https://university.careers360.com/colleges/list-of-phd-in-geology-universities-in-india
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