Hi Praveen, 

I would suggest you to go for IIPE rather than SRM. If you manage to get petroleum then its best for you. I think you should once check the placement scenario of both the branches. In IIPE 100% placement with handsome package is expected. While SRM has a plus point of well established campus and other facilities.

But then i would say a central government institue of iit level will be better than any private institute. Definitely degree from Iipe will be more preferred over any other private college degree.

I would recommend Iipe rest is your interest and choice.