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Hello Rithwik!
According to last year data, for admission in ECE branch of IIST you must have scored around 15-16% marks if you are an SC category student.And with your rank it is clear that you have scored above that.
For IIT, it will be tough to get a seat. Even if you get one then the IIT will be newly established or you will get some lower branch. It's better to go for IIST rather than a newer IIT or any lower branch.
All All the best!
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