I am an alumnus of B.Tech Chemical at SVNIT.
According to me, it all depends on your interest. This branch fills at the end, at least this was the scenario when I joined SVNIT. But it offers decent placement opportunities.
Unlike other institutions, the major courses like Heat Transfer, Mass Transfer, Fluid Flow, etc. are all taken up by Professors and Associate Professors, and not Teaching Assistants. Teaching is up to the mark, given that you are interested in the subjects.
Core companies like Reliance, Cairn, GNFC, BASF, Lupin, etc. visit the department and recruit most of the B.Techs at decent pay packages. Some students crack GATE and opt for higher studies in India, and some others go on to do research work in reputed universities in the USA.
This is all the important information regarding Chemical Engineering at SVNIT.