Yes, pursuing M.Tech in Material Science and Engineering from IIT Bhubaneswar is worthwhile. The placement record for 2019 at IIT Bhubaneswar shows a 68% placement rate for M.Tech courses. Around 90 companies visited the campus for placement drive in 2019 and the top recruiters were Amazon, Jindal Stainless Ltd, TATA STEEL, Adobe, etc.
The School of Minerals, Metallurgical, and Materials Engineering is quite good at IIT Bhubaneswar, the faculties are well-experienced and involved in sponsored projects by the Department of Science and Technology, UGC-DAE, Govt. of Odisha, and many more. This department also has students and faculty exchange programs with Warwick Manufacturing Group at Warwick University, UK, and Shanghai, Jiao Tong University China. Material science and metallurgy is the only department in which every second-year student gets internships. Also, Odisha is blessed with minerals, so students can gain practical knowledge through field trips.