Larsen and Toubro (L and T) has emerged as the lowest bidder of the tender issued by Energy Efficiency Services Limited (EESL) to procure 50 Lakh smart meters. The company has been selected through an international competitive bidding.
The meters will be installed over a period of 3 years in a phased manner in Uttar Pradesh UP) and Haryana. L&T quoted the lowest price of Rs. 2722, per single phase smart meter.
The tender floated by EESL, a company under the administrative control of Ministry of Power, Government of India (GoI), is the world’s largest single Smart Meter procurement. Fourteen leading manufacturers from around the world participated in the tender. 40 lakh smart meters will be deployed in UP and the remaining 10 lakh in Haryana. The price quoted by L&T is 40-50% lower than the current market rates. Read More…
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