Leading players Landis Gyr, Secure Meters and HPL India keep out of bidding

Leading players Landis Gyr, Secure Meters and HPL India, cite regulatory and security concerns in the scheme

The first and the largest tender for procuring 10 million prepaid meters saw 12 bidders submitting interest for participating in the reverse bidding.

However, the leading three large players in the industry – Landis Gyr India, Secure Meters, and HPL India - have not joined the race. Sources said some players have concerns on product safety and tariff regulations. The tender was floated by Energy Efficiency Services (EESL). The whole amount reportedly would be procured by Uttar Pradesh (UP).

Among the ones who have submitted technical bids are ITI, which won the last smart meter tender by EESL, Larsen & Toubro, whose