Wednesday, August 31, 2016

CARTELIZATION : CCI IMPOSES FINE ON ULTRATECH, OTHERS

Competition Commission has imposed more than Rs 6,700 crore penalty on 10 cement companies.

A fine of Rs 1,147.59 crore has been imposed on ACC, while penalties on Jaiprakash Associates and Ultratech are Rs 1,323.60 crore and Rs 1,175.49 crore, respectively.

The fines on other companies are Rs 274.02 crore (Century), Rs 187.48 crore ( India Cements), Rs 128.54 crore (J K Cements), Rs 490.01 crore (Lafarge), Rs 258.63 crore (Ramco), ACL (Rs 1,163.91) and Binani (Rs 167.32 crore).

No comments:

Post a Comment