UltraTech Cement - December 2015

UltraTech Cement, along with 10 other companies, was given a reprieve earlier this month when a US$945m fine issued by the Competition Commission of India (CCI) for cartelisation was set aside by the Competition Appellate Tribunal. The original ruling, passed in 2012, was based on complaints by the Builders Association of India accusing the cement producers of colluding to limit production and manipulate cement prices. 

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