SAIL awaits details from CCI on steel cartelisation probe 
News Updates

SAIL awaits details from CCI on steel cartelisation probe

SAIL has sought details from fair trade regulator CCI on a notice related to alleged cartelisation by steel makers, a company official said on Wednesday

PSU Watch Bureau

New Delhi: State-owned Steel Authority of India (SAIL) has sought details from fair trade regulator CCI on a notice related to alleged cartelisation by steel makers, a company official said on Wednesday.

PSU Watch is now on Whatsapp Channels. Click here to join

There is a notice regarding the matter, but there are no details available with the company, said the official, who did not wish to be quoted.

While noting that the CCI notice mentioned that there is suspicion that there may have been a cartelisation, he said that unless the details on how the regulator has reached the conclusion are provided, it would be difficult to comment.

"Since no details are available from CCI... we have approached the court and CCI," the official said.

Earlier this month, the government informed the Lok Sabha that the Competition Commission of India (CCI) is probing the alleged cartelisation by steel manufacturers and the investigation report has been shared with the parties concerned to provide their objections and suggestions in accordance with the competition law.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

NMDC Q1 profit rises 2% to Rs 2,006 crore as iron ore revenue climbs 10%

OSOWOG gaining traction as Hormuz crisis makes need for power grid integration visible: PGCIL CMD

REC, WBSEDCL hold Vendor Meet to accelerate rooftop solar adoption in West Bengal

7 workers killed, 3 missing in VPHEP tunnel incident in Uttarakhand

कोयला चोरी अथवा अवैध उत्खनन पर वेस्टर्न कोलफील्ड्स लिमिटेड में अब होगी प्रभावी कानूनी कार्यवाही