Price cartelisation charge: CCI raids major cement cos
The Cement Manufacturers Association in India (CMA), the apex body of large cement manufacturers in India, was raided as well by officers of the investigative arm of the CCI, a source said. Updated: December 11, 2020 5:03:31 am
ACC disclosed in a regulatory filing that the CCI had launched an investigation into the company along with other cement companies.
Antitrust body, the Competition Commission of India (CCI), on Wednesday raided the offices of top cement manufacturing companies, including UltraTech Cement, Shree Cement, Ambuja Cement, ACC, Dalmia Cement, and Rockstrong Cement, over allegations of price coordination and collaborating levels of cement supply, The Indian Express has learnt.