Prices of LED bulbs drop to Rs 38

Prices of LED bulbs being distributed by state-run Energy Efficient Services Ltd (EESL) under a government programme have fallen to one-tenth of their rates two years ago. A senior government official said EESL has received bids at Rs 38 for a 9-watt LED lamp. Fourteen companies participated in the tender opened last week for procuring five crore LED bulbs.