EESL’s Reverse Auction For 5 Million Smart Meters Under A Cloud

EESL’s Reverse Auction For 5 Million Smart Meters Under A Cloud

State-owned Energy Efficiency Services Ltd’s (EESL) decision to conduct a reverse auction for procuring 5 million smart meters, after announcing that Larsen & Toubro Ltd (L&T) had emerged as the lowest bidder in the regular tender by bidding 40% below prevalent market prices, has raised eyebrows.

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