CCI slaps Rs.6,700 cr fine on 11 cement firms

01 Oct 2016 CW Team

The Competition Commission of India (CCI) has imposed more than Rs 6,700 crore penalty on 11 cement companies - UltraTech, Binani, Ramco, Jaiprakash Associates, JK Cement, Lafarge, India Cements, ACL, ACC, Century, Shree Cement, besides Cement Manufacturers´ Association (CMA) - for cartelisation. As per reports, the cement companies used the platform provided by the CMA and shared details relating to prices, capacity utilisation, production and dispatch, thereby restricting production and supplies in the market.

Contact: Competition Commission of India.

Website: www.cci.gov.in

Equipment

21 May 2026

HD Construction and J&K Bank Expand Equipment Financing in J&K

HD Construction Equipment India and J&K Bank signed a Memorandum of Understanding on May 20 in Srinagar to expand financing solutions for Hyundai excavators and wheel loaders. The signing ceremony was attended by senior representatives from HD Construction Equipment India, including AVP Joydeep Bakshi and Head Sales — NCW Sharwan Agnihotri, and by DGM Arjun Singh Rathore from J&K Bank, along with Oves Ur Rehman, Dealer Principal of Fuel Automobiles, the authorised Hyundai dealer for Jammu & Kashmir.Under the MoU, the two organisations will collaborate to improve access to tailore..

Marsons Receives PGCIL Approval For Supply Of Power Transformers

Marsons has received vendor approval from Power Grid Corporation of India Limited for the supply of power transformers, making it the only PGCIL-approved Extra High Voltage transformer manufacturer in Eastern India and in ten neighbouring states, including West Bengal, Odisha, Jharkhand, Bihar, Assam, Meghalaya, Tripura, Manipur, Nagaland and Mizoram. The approval marks a milestone for the company and for the region's power infrastructure. PGCIL acts as the central transmission utility and is the country’s single largest procurer of high?voltage equipment, and vendor approval involves a rigo..

BDL Lays Foundation For Naval Systems Facility In Andhra Pradesh

Hon’ble Raksha Mantri Shri Rajnath Singh laid the foundation stone for Bharat Dynamics' new Naval Systems Manufacturing Facility at T. Sirasapalli village in Anakapalli district of Andhra Pradesh, marking a step in expanding indigenous defence production. The project advances the vision of Aatmanirbhar Bharat and aims to strengthen national manufacturing capabilities for naval systems. Bharat Dynamics Limited, established in 1970 under the Ministry of Defence, has become a principal defence manufacturer and a production partner of the Defence Research and Development Organisation. The compan..