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CCI levies penalty of Rs 6,300 cr on 11 cement firms [1]

Ultratech, Ambuja, India Cement, Lafarge among those fined for cartelization

Competition watchdog CCI has levieed penalty of nearly Rs 6,300 cr on 11 cement companies involved in price cartel. The companies include Binani Cement, Lafarge, Grasim, ACC, Ambuja, JK Cement, Madras Cement, India Cement, Jaypee and Ultratech. The companies have been fined 50% of their profit for the fiscal years ending in 2010 and 2011 and must pay the penalty within 90 days.

Publication Date: 
21/06/2012
Business Standard (New Delhi) [2]
Tags:
India Cement [3], Lafarge India [4], Cement [5], Cement Industry [6], Industry [7]

Technology Partners: MimirTech

Source URL: http://admin.indiaenvironmentportal.org.in/news/cci-levies-penalty-rs-6300-cr-11-cement-firms

Links:
[1] http://admin.indiaenvironmentportal.org.in/news/cci-levies-penalty-rs-6300-cr-11-cement-firms
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india-cement
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/lafarge-india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cement
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cement-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry