UltraTech Cement denies being investigated by the CCI for alleged contravention of competition norms, calling media reports 'false and misleading'.
The company clarified it is not under investigation in a case from 2020 and has not received any order from the CCI.
UltraTech Cement reserves its rights to take legal steps to protect its reputation, while its south-based arm India Cements is separately disclosing information on the case.
CCI's investigation report found contraventions by India Cements, Shree Digvijay Cement, and Dalmia Cement in cartelisation, directing submission of income details and warning of liability under the Act.