Larsen & Toubro Ltd.

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.