India cartel ruling expected in 15 days

Published 12 April 2012

Tagged Under: India Pricing 

India’s Competition Commission said it will be at least 15 days before it issues its final report on an alleged cartel by 39 cement companies.

"There will be 2-3 meetings of the members. So far, there had been no sittings. It will take at least 15 days for us to prepare the final report," a senior CCI member told PTI.

CCI is probing an alleged cement cartel on various fronts including selling prices and the creation of artificial shortages by producing less than capacity.