Cost of LED bulbs sold by govt reduced

Image
Press Trust of India Shimla
Last Updated : Apr 12 2016 | 10:32 PM IST
LED bulbs in Himachal Pradesh will now be available for Rs 85 each instead of Rs 105 under the government's 'Ujala' programme, with PSU Energy Efficiency Services Limited (EESL) obtaining these at a reduced rate.
The EESL achieved procurement price of Rs 54.90 (exclusive of taxes) and the cost of LED bulb was brought down in the range of Rs 75-90 and after adding the taxes, the cost would be Rs 85 in Himachal Pradesh, an official spokesman said.
"The government has ensured transparency and encouraged competition by using e-procurement of goods and services and this has resulted in significant reduction in transaction cost and time and enhanced process efficiency.
"This, in turn, has led to a larger participation of bidders thereby increasing competition and reducing the procurement cost of LED bulbs," he said.
In the first round of procurement held in January 2014, for Puducherry, EESL achieved a cost of Rs 310. The prices for the subsequent procurements for other states, during September 2014 to February 2015, ranged between Rs 204 to Rs 104.
"The EESL, through aggregation and transparent procurement, has achieved a rapid decline in LED prices and in the last procurement held in March 2016 it came down to Rs 54.90," the spokesman said, adding EESL has passed on the benefit to consumers.
The 'Ujala' scheme is being monitored in a transparent manner through a national dashboard and as of now, the EESL has distributed over 56.6 lakh LED bulbs in Himachal Pradesh.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 12 2016 | 10:32 PM IST

Next Story