Larsen & Toubro (L&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 which is 40-50% lower than the current market rates.
14 leading manufacturers from around the world participated in the tender.
The meters are being procured for implementation of smart grid projects in Haryana and Uttar Pradesh.