Cartel probe: CCI seeks 9 years of financial records from UltraTech, Dalmia Bharat, others; flags ONGC tender cartelisation
India's Competition Commission (CCI) is scrutinizing UltraTech Cement, Dalmia Bharat, and Shree Digvijay Cement for potential competition violations in ONGC tenders. Following a DG report, the CCI has directed the companies to submit detailed financial records, income tax data, and revenue details related to the alleged cartel activities. Failure to comply may result in penalties.
India's Competition Commission (CCI) is scrutinizing UltraTech Cement, Dalmia Bharat, and Shree Digvijay Cement for potential competition violations in ONGC tenders. Following a DG report, the CCI has directed the companies to submit detailed financial records, income tax data, and revenue details related to the alleged cartel activities. Failure to comply may result in penalties.
