New Delhi Oct 10 (IANS) Larson & Toubro (L&T) has emerged as the lowest bidder of the tender issued by state-run EESL for procurement of 50 lakh smart meters to be installed in Uttar Pradesh and Haryana an official statement said on Monday.
"L&T has emerged as the lowest bidder of the tender issued by Energy Efficiency Services Ltd (EESL) to procure 50 Lakh smart meters " a Union Power Ministry statement here said.
"L&T quoted the lowest price of Rs 2 722 per single phase smart meter. 40 lakh smart meters will be deployed in UP and the remaining 10 lakh in Haryana " it said.
"The price quoted by L&T is 40-50 per cent lower than the current market rates."
At the price quoted by L&T the total worth of order works out to be Rs 1 361 crore.
According to the government 14 leading manufacturers from around the world participated in the bidding. The meters will be installed over a period of three years in a phased manner.
The meters are being procured for implementation of smart grid projects in Haryana and Uttar Pradesh since these states grapple with huge AT&C (aggregate technical and commercial) losses with the latest figures for both the states being 28.42 per cent and 34.36 per cent respectively the statement added.
--IANS
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