SHREDIGCEM.NSEShree Digvijay Cement Co. Ltd.
SHREDIGCEM.NSE
Shree Digvijay Cement Co. Ltd.120
Lucky numbers and collusion: How an Indian cement cartel came unstuck
A five-year probe uncovered a decade of price collusion by Indian cement companies. Dalmia Bharat, Shree Digvijay, and India Cements allegedly fixed prices for ONGC tenders. Evidence includes communications and admissions. The Competition Commission of India is investigating. Firms face potential fines up to three times profits or 10% of turnover annually.
Lucky numbers and collusion: How an Indian cement cartel came unstuck
A five-year probe uncovered a decade of price collusion by Indian cement companies. Dalmia Bharat, Shree Digvijay, and India Cements allegedly fixed prices for ONGC tenders. Evidence includes communications and admissions. The Competition Commission of India is investigating. Firms face potential fines up to three times profits or 10% of turnover annually.
Shree Digvijay Cement Panel Issues Recommendations on India Resurgence Open Offer
An update from Shree Digvijay Cement Co. Ltd. ( ($IN:SHREDIGCEM) ) is now available. Shree Digvijay Cement Company Limited has informed the exchang...
Shree Digvijay Cement Panel Issues Recommendations on India Resurgence Open Offer
An update from Shree Digvijay Cement Co. Ltd. ( ($IN:SHREDIGCEM) ) is now available. Shree Digvijay Cement Company Limited has informed the exchang...
CCI directs UltraTech, two others to give financial statements
The Competition Commission of India (CCI) has instructed UltraTech, India Cements, Dalmia Cement (Bharat) Limited, Shree Digvijay Cement, and their executives to provide audited financial statements following a complaint by ONGC alleging cartelisation in tenders. The CCI's investigation suggests an anti-competitive agreement affecting competition in the Indian market.
CCI directs UltraTech, two others to give financial statements
The Competition Commission of India (CCI) has instructed UltraTech, India Cements, Dalmia Cement (Bharat) Limited, Shree Digvijay Cement, and their executives to provide audited financial statements following a complaint by ONGC alleging cartelisation in tenders. The CCI's investigation suggests an anti-competitive agreement affecting competition in the Indian market.
Cartel probe: CCI seeks 9 years of financial records from UltraTech, Dalmia Bharat, others; flags ONGC tender cartelisation
India's Competition Commission (CCI) is scrutinizing UltraTech Cement, Dalmia Bharat, and Shree Digvijay Cement for potential competition violations in ONGC tenders. Following a DG report, the CCI has directed the companies to submit detailed financial records, income tax data, and revenue details related to the alleged cartel activities. Failure to comply may result in penalties.
Cartel probe: CCI seeks 9 years of financial records from UltraTech, Dalmia Bharat, others; flags ONGC tender cartelisation
India's Competition Commission (CCI) is scrutinizing UltraTech Cement, Dalmia Bharat, and Shree Digvijay Cement for potential competition violations in ONGC tenders. Following a DG report, the CCI has directed the companies to submit detailed financial records, income tax data, and revenue details related to the alleged cartel activities. Failure to comply may result in penalties.
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