New Delhi After penalising 11 cement companies last month for violating the provisions of the Competition Act, 2002, the Competition Commission of India (CCI) on Monday found Shree Cement also guilty of cartelisation. As a result, CCI has imposed a penalty of R397.51 crore penalty on Shree Cements, fixed at 0.5 times of the company's net profit for the year 2009-10 and 2010-11.
CCI had not found Shree Cement guilty in its June 21 order in which it had imposed a financial penalty of about R6,200 crore on 11 cement companies and their trade association — Cement Manufacturers Association (CMA).
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Links:
[1] http://admin.indiaenvironmentportal.org.in/news/cci-imposes-r397-cr-fine-shree-cements
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/shree-cement
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/trade
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india-cement
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/madras-cements
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/binani-cement
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/jaypee-cement
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cement-industry
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
