CCI slaps Rs 6700 crore fine on 10 cement companies

The Competition Commission of India (CCI) has imposed penalty of over Rs 6,700 crore on 10 cement companies including ACC, Lafarge, Ultratech, Jayprakash Associates, Binani and their trade association the Cement Manufacturers Association (CMA) on charges of cartelisation in the sector.

The CCI reconsidered the matter after the Competition Appellate Tribunal last December set aside its orders and asked the watchdog to take up the case afresh. The final order has been passed pursuant to the directions issued by Competition Appellate Tribunal remanding the matter back while setting aside the original order of CCI.

So let’s do:
1. The Competition Commission of India (CCI) has imposed how many penalties on 10 cement companies?

Source – The Hindu


×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

[adda247_lead_form]

Leave a comment

Your email address will not be published. Required fields are marked *