Order Against Explosive Manufacturers/Suppliers Imposing a Penalty of About Rs.58.83 Crore

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....rder Against Explosive Manufacturers/Suppliers Imposing a Penalty of About Rs.58.83 Crore <br>News and Press Release<br>Dated:- 18-4-2012<br><BR>Press Information Bureau Government of India Ministr....

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....y of Corporate Affairs 18-April-2012 16:48 IST The Competition Commission of India has found certain Explosive Suppliers who supply explosives to Coal India Limited in violation of the provisions of....

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.... the Competition Act. The Commission has imposed penalty @3% on average of 3 years turnover on ten Explosive Suppliers aggregating to about Rs.58.83 crore. The Commission has also directed these su....

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....pplies to "cease and desist" from engaging in practice of manipulating process of bidding in any manner. ****************** RC/JR<BR> News - Press release - PIB....