The CCI is conducting a probe after a criticism filed by Oil and Pure Fuel Corp. alleging cartelisation in its tenders. Following this, the honest commerce regulator had in November 2020 directed its probe unit Director Common to look into the problem.
The DG had submitted its investigations report on Feb. 18, 2025, which discovered contraventions of the competitors rules.
It had discovered that India Cements, together with Shree Digvijay Cement and Dalmia Cement, with a intermediary named Umakant Agarwal, engaged in anti-competitive collusion.
Later, CCI on Might 26 thought of the investigation report and in a four-page order additionally directed the cement producer to submit the revenue derived from gross sales to alleged contraventions by the PSU.
The CCI discover additionally talked about if there’s non-furnishing of the monetary particulars or incomplete or false data, inside the time-frame by the businesses, then they might be liable underneath part 45 of the Act.
UltraTech Cement acquired India Cements in December final yr.