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Competition Commission of India (CCI) imposes penalties upon cement companies for cartelisation

News and Press Release - Dated:- 1-9-2016 - The Competition Commission of India (CCI) has imposed penalties upon 10 cement companies and their trade association i.e. Cement Manufacturers Association (CMA) for cartelisation in the cement industry. The .....

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India under Section 19(1)(a) of the Competition Act, 2002 (the Act) against the cement companies and CMA alleging contravention of the provisions of the Act. While holding the cement companies and CMA in contravention of the Act, it was noted by CCI .....

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read with Section 3(3)(b) of the Act. Further, CCI also found the cement companies to be acting in concert in fixing prices of cement in contravention of the provisions of Section 3(1) read with Section 3(3)(a) of the Act. Accordingly, penalties of .....

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rores (Ramco), ₹ 1175.49 crores (UltraTech) and ₹ 1323.60 crores (Jaiprakash Associates Limited) have been imposed by CCI. In addition, a penalty of ₹ 0.73 crore has also been imposed on CMA. While imposing penalties, the Commission .....

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the economic development of the country. The cement companies and CMA have been directed to cease and desist from indulging in any activity relating to agreement, understanding or arrangement on prices, production and supply of cement in the market. .....

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tion and dispatch by cement companies. While highlighting the role played by trade associations in promoting the interests of their members and the industry they serve, CCI noted in its order that cement companies were interacting using the platform .....

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