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Violation of Competition Act by Cement Companies in India

by India CSR Network
10 years ago
in More

INDIACSR News Network

NEW DELHI: A large number of cement manufacturers have been found violating the provisions of the Competition Act, 2002. The Competition Commission of India (CCI) in two cases has found 11 cement manufacturers in contravention of Competition Act.

The Commission in its first order dated 20.06.2012 has imposed a penalty of Rs.6307.32 crores on 11 cement manufacturers. In its second order dated 30.07.2012, the Commission has imposed a penalty of Rs. 397.51 crores on Shree Cement Ltd.

This was stated in the Rajya Sabha by R.P.N. Singh, Minister of State in the Ministry of Corporate Affairs in reply to a USQ question today.

The directions of the Commission are to be complied within 90 days of receipt of the order(s).

Here is the list of companies violated the law :

1. Jaiprakash Associates

2. UltraTech,

3. Ambuja

CSRBooks.com CSRBooks.com CSRBooks.com

4. ACC Cement,

5. Lafarge India,

6. Century Textiles

7. Madras Cements

8. Grasim Cements (now merged with UltraTech),

9. India Cements, Binani Cement

10. JK Cement

11. Cement Manufacturers Association

12. Shree Cement

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India CSR Network

India CSR is the largest tech-led platform for information on CSR and sustainability in India offering diverse content across multisectoral issues. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting. To enjoy the premium content, we invite you to subscribe it.

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