Yes its possible that ISM Dhanbad will Become IIT in upcoming year, bcoz Union Finance Minister Mr. Arun Jaitley, during his budget speech in Parliament on 28 February 2015, had proposed to convert ISM Dhanbad into an Indian Institute of Technology

ISM Dhanbad Departments and centres
Engineering

Department of Chemical Engineering
Department of Civil Engineering
Department of Computer Science and Engineering
Department of Electrical Engineering
Department of Electronics Engineering
Department of Environmental Engineering
Department of Fuel and Mineral Engineering
Department of Mechanical Engineering
Department of Mining Engineering
Department of Mining Machinery Engineering
Department of Petroleum Engineering

Applied Sciences

Department of Applied Chemistry
Department of Applied Geology
Department of Applied Geophysics
Department of Applied Mathematics
Department of Applied Physics

Social Sciences

Department of Humanities and Social Science

Business

Department of Management Studies (Formerly Industrial Engineering & Management)

Centres

Centre of Mining Environment
Computer Centre
Center for Renewable Energy
Center of Societal Mission

Research centers

Address

Indian School of Mines
ISM Dhanbad Internal Road
Sardar Patel Nagar
Dhanbad, Jharkhand 826004