5.9.16

CCI slaps Rs 6700 crore fine on 10 cement companies

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?

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