November 21, 2008

MRTPC finds cartelization by cement majors in old case

PTI reported that India’s Monopolies & Restrictive Trade Practices Commission has again pulled up cement manufacturers for cartelization, this time in a case related to Jabalpur in 2000-01.

As per report, cement manufacturers ACC, Lafarge, Grasim, Jaypee, Prism, L&T and 3 more have been found guilty by the regulator.

In its order, MRTPC said that the producers, through the Cement Manufacturers Association, acted in concert to raise prices. The regulator ordered the manufacturers to refrain from fixing the selling prices of cement in the market.