Thursday, June 21, 2012

CCI Imposes 6000Cr Penalty On Cement Manufacturers!

Kudos! CCI found some gumption and imposed a heavy fine on 11 cement companies, which they found guilty of collusion and cartel-ization . However what is ironic is that this was done on the basis of a complaint by builders association. Wonder who will investigate the cartel among the builders themselves. Despite severe cash crunch faced by these builders and leverage to support land banks, the real estate prices go up every month, like clock work. 

The eleven cement manufacturers, on whom the penalty has been imposed, are ACC, Ambuja Cements Limited, Ultratech Cements, Grasim Cements now merged with Ultratech Cements, JK Cements, India Cements, Madras Cements, Century Cements,   Binani Cements, Lafarge India and Jaypee Cements.


Ganesh Shetty said...

maybe somebody didnt get paid

Residential Property in Bhopal said...

Demand is increasing ..People are finding Real Estate more profitable and secure area to Invest..even NRI s also investing in India.

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