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ULTRATECH CEMENT LTD. - Updates
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20 Jan 2017
UltraTech Cement Ltd has informed BSE about the following:&lt;BR&gt;&lt;BR&gt;&quot;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:&lt;BR&gt;&lt;BR&gt;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&lt;BR&gt;&lt;BR&gt;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.&lt;BR&gt;&lt;BR&gt;The Company will take appropriate action after examining the Order fully.&quot;
View all announcements for ULTRATECH CEMENT LTD. Source: BSE India