L&T Infotech Ltd, a unit of India's top engineering firm Larsen & Toubro, is the lowest bidder for an IT applications contract for a state-run power utility in Maharashtra, three sources at the utility said on Thursday.
"L&T Infotech is the L1 (lowest bidder) for IT work for 130 towns," a source told
Reuters on condition of anonymity as he is not authorised to speak to the media.
The contract could be worth up to Rs3.77 billion ($81 million), depending on federal government approval for the number of towns to be covered under the scheme, the source added.
L&T Infotech could not be reached for comment.
Several Indian and overseas IT firms are vying for contracts under the government-backed scheme to identify distribution losses in state-run utilities, which can range between 30% to 50% of the total power produced.
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