UltraTech Cement Ltd has informed BSE about the following:<BR><BR>"The Competition Commission of India (CCI), in a reference filed by the Government of Haryana for alleged cartelization in August, 2012, has, today (Janauary 19, 2017), passed an order, which is uploaded on their web site, directing:<BR><BR>1. the Company and other opposite parties to cease and desist from indulging in the acts / conduct which have been found to be in contravention of the provisions of the Competition Act, 2002, and<BR><BR>2. imposed a penalty of Rs. 68.3 crores on the Company, being 0.3% of the average turnover for the financial years 2012-13, 2013-14 and 2014-15.<BR><BR>The Company will take appropriate action after examining the Order fully."
|