L&T wins EESL tender for 5 mn smart meters

At Rs 2,722 the price quoted by L&T is 40-50% lower than the current market rates

Larson & Toubro (L&T) emerged as the lowest bidder for selling 5 million smart meters in the tender issued by Energy Efficiency Services Limited (EESL).

The company has been selected through an international competitive bidding. L&T quoted the lowest price of Rs 2,722, per single phase smart meter, said EESL in a public statement. The price quoted by L&T is 40-50% lower than the current market rates.

The tender is the world's largest single smart meter procurement. 4 million smart meters will be deployed in UP and the remaining 10 lakh in Haryana.

EESL said, "The meters are being procured for implementation of