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L&T emerges as lowest bidder for smart meter tender worth Rs 1,361 crore

10 Oct 2017 Evaluate

Larson & Toubro (L&T) has emerged as the lowest bidder for the smart meter tender issued by Energy Efficiency Services (EESL) for the procurement of 50 lakh smart meters to be installed in Uttar Pradesh and Haryana. At the rate of Rs 2,722 per smart meter quoted by L&T, the total worth of order works out to be Rs 1,361 crore.

As many as 14 players from around the world participated in the tender. Around 40 lakh smart meters will be deployed in Uttar Pradesh and the remaining 10 lakh in Haryana. The price quoted by L&T is 40-50 percent lower than the current market rates.

Larson & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.

Larsen & Toubro Share Price

3973.60 -48.90 (-1.22%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
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