Cement News tagged under: Cartel
Indian producers appeal fine, India11 September 2012, Published under Cement NewsA total of 10 out of 11 Indian cement companies fined in June for cartel practices have approached the Competition Appellate Tribunal to contest the ruling. Sources said the companies had approached the tribunal last week and the matter is due for hearing on 13 September. In June, the Competition Commission of India had imposed a penalty of INR6,307 crore (US$1.1bn) on 11 cement companies for price fixing. The major companies on which penalty was imposed included ACC Ltd, Ambuja Cement... |
Indian cement prices ease09 August 2012, Published under Cement NewsIndian cement prices have started to ease over the past two weeks, declining by an average of two per cent, according to reports in the Business Standard of India. Markets had been witnessing a continual increases despite the Competition Commission of India’s cartel ruling back in June However, the average nationwide price of cement has fallen from INR310/50kg bag to INR304/bag. Heavy rains and floods in the northeast and states like Bihar and Uttar Pradesh have resulted in prices comi... |