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ITI emerges lowest bidder for 50 lakh smart meters auction by EESL

25 Oct 2017 Evaluate

ITI has emerged as the lowest bidder for 50 lakh smart meters quoting a rate of Rs 2,503 per unit, followed by Genus Power and KEONICS in a reverse auction by EESL. The total procurement cost of 50 lakh units has been reduced by Rs 132 crore due to reverse auction.

Earlier this month, L&T had quoted the lowest price for smart meters at Rs 2,722 per unit, which was 40-50 per cent lower than the current market price.

ITI offers products and services in the telecom sector. The company has a range of telecom products and total solutions covering the whole spectrum of switching, transmission, access and subscriber premises equipment.



ITI Share Price

291.80 -5.55 (-1.87%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tejas Networks 415.00
ITI 291.80
Sedemac Mechatronics 1634.05
Black Box 527.00
Quadrant Televenture 0.39
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