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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 final order has been passed by CCI pursuant to the directions issued by Competition Appellate Tribunal remanding the matter back while setting aside the original order of CCI. The information in the present case was filed by Builders Association of .....

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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 ₹ 1147.59 crores (ACC), ₹ 1163.91 crores (ACL), ₹ 167.32 crores (Binani), ₹ 274.02 crores (Century), ₹ 187.48 crores (India Cements), ₹ 128.54 crores (J K Cements), ₹ 490.01 crores (Lafarge), ₹ 258.63 c .....

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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. CMA has been further directed to disengage and disassociate itself from collecting wholesale and retail prices through member cement companies or otherwise. Also, CMA has been restrained from collecting and circulating the details relating to produc .....

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