BITS Pilani - Birla Institute of Technology and Science Answered Questions

Available for 25% of students admitted. Rs.1,000/- p.m. plus exemption from payment of tuition fees per semester for students up to 2007 batch and Rs 25,000/- per semester from 2008 batch onwards. Renewal of scholarship every semester is subject to a minimum GPA of 5.0 in the previous semester.
Institute free studentship-do-10% of students admitted. Exemption from payment of tuition fees Rs.13,500/- per semester for students up to 2007 batch and Rs 25,000/- per semester from 2008 batch onwards. Renewal of scholarship every semester is subject to a minimum GPA of 5.0 in the previous semester.
GP Birla BIT Scholarship worth nearly 2.25 crores are available for meritorious student of BIT.
BIT Scholarships for meritorious students admitting in the B.E. and B.Arch programmes.
(A) BIT Scholarship for meritorious students admitting in the B.E. programme (based on overall AIR in JEE-Main).

If this is your rank in JEE Advanced under general category then you can get mechanical engineering in an IIT. You may not get IIT Bombay, Madras, etc. but you may get Mandi, Jammu, etc.
These are also good IITs and they are better to study.
BITS Pilani is really costly so if you get any IIT then drop BITS Pilani. If you can take loan and if you don't want an average IIT then go for BITS Pilani.
For previous year opening and closing ranks refer:
http://josaa.nic.in/Result2016/result/OpeningClosingRank.aspx