The Coronavirus-induced gloom was no longer the mainstay at IIT-B as the Powai campus registered record job offers at the end of the first phase of the placement season. The average annual package stood at Rs 25 lakh, while the highest amount topped Rs 2 crore. 

Students at the premiere institute received 1,723 offers, including 45 from foreign firms, of which 1,382 were accepted. Phase-II of placement is scheduled to begin in January.