The LED bulb procurement price has dropped to 55 rupees in the latest bid. Informing this while speaking at a function in New Delhi this afternoon, Power minister Piyush Goyal said, it is 83 per cent reduction from 310 rupees which was the price twenty months back.<br/><br/>The new price was discovered after a bidding process by Energy Efficiency Services Limited, EESL that concluded yesterday. EESL has distributed 88 million LED bulbs under the scheme.