CCI again finds Coal India violating competition norms

The state-run miner was also penalised in December last

GN Bureau | May 20, 2014



Competition Commission of India (CCI) has directed the state-run miner to "cease and desist" from indulging in unfair business practices, after again being found guilty of abusing its dominant position in fuel supplies.

The latest ruling on a batch of complaints come a few months after the CCI slapped a Rs 1,773.05 crore penalty on CIL and its subsidiaries in December last.

CCI's order has come on complaints filed by Sponge Iron Manufacturers Association, Madhya Pradesh Power Generating Company and West Bengal Power Development Corporation. The order, dated April 15, has been passed against Coal India and seven of its subsidiaries - South Eastern Coalfield, Eastern Coalfields, Bharat Cooking Coal, Mahanadi Coalfields, Central Coalfields, Western Coalfields and Northern Coalfields.

Coal India through its subsidiaries "operates independently of market forces and enjoys undisputed dominance in the relevant markets of supply of non-coking coal to thermal power producers and sponge iron manufacturers in India", the watchdog said. The fair trade regulator has asked the coal miner to modify its fuel supply agreements.

Comments

 

Other News

BJP lawmakers top the list in hate speech cases

Out of all MPs and MLAs in office, 58 have declared cases related to hate speech. This includes union minister for drinking water and sanitation Uma Bharti along with 14 other Lok Sabha MPs. The list also includes 8 state ministers. A party wise analysis reveals that BJP has the highest numb

After its withdrawal from Meghalaya and Arunachal, is it time to review AFSPA in other areas too?

After its withdrawal from Meghalaya and Arunachal, is it time to review AFSPA in other areas too?

Togadia, Sinha and anti-Modi prejudices masked by empty rhetoric

There is an uncanny similarity in the pathological opposition to prime minister Narendra Modi by two members of the right wing, Pravin Togadia and Yashwant Sinha. They come from a diverse social and political background; yet they share a common strand that shows an unmitigated hatred towards

“We are becoming American digital colonies”

Data is the new oil; and it needs to be protected. In an interaction with Governance Now, Lionel Baraban, CEO of Famoco, talks about how the French tech firm is developing secure business devices to safeguard data against going to other countries. What are the major roles o

Goa Shipyard and MTU, Germany to manufacture MTU engines in India

Goa Shipyard Ltd (GSL) and MTU, Germany have agreed to cooperate in the  local manufacturing of technologically-advanced MTU series 8000 engines in India. Under the agreement, which was signed at India’s leading defence trade show Defexpo-18, the companies will manufacture the 16-

ONGC employees bag 13 medals at the Gold Coast CWG

ONGC sportspersons outshone other participants in their respective categories in the recently concluded Commonwealth Games in Gold Coast, Australia. ONGCians bagged 13 medals including 5 Gold, 3 Silver and 5 Bronze, contributing to the 66 medal tally of Team India. ONGCians Ragala Venkat Rah

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter