Hello Charan, 

Honestly speaking till now the INDIAN INSTITUTE IF PETROLEUM ENGINEERING (VIZAG) does not have proper campus and still students are living in ANDHRA UNIVERSITY campus. The placement is not good but it is expected that the placement will become good over time as the chairman and vice chairman are in contact with major OIL companies. So till you get graduated the placement will become good. But if you have options oh IITs and NITs then don't go for IIPE and if not then you can join IIPE

I hope you will find my answer helpful. 

All the best.