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Competition Commission Probes Ultratech For Alleged Cartelisation In ONGC Tenders

  • The Competition Commission of India (CCI) is investigating Ultratech, along with two other cement makers, for alleged cartelisation in ONGC tenders.
  • The CCI found that Ultratech's subsidiary India Cements, Shree Digvijay Cement, and Dalmia Cement engaged in anti-competitive collusion.
  • Financial documents have been requested from Ultratech, Dalmia Bharat Cements, and Shree Digvijay Cements by the CCI.
  • If there is non-furnishing of financial details within the specified time frame, the companies could be liable under section 45 of the Act.

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