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CCI raids engineering companies after Coal India antitrust complaint

The watchdog as a matter of policy does not make public details of its ongoing price cartel investigations, or raids

Topics
Coal India | CCI | antitrust law

Reuters  |  New Delhi 

CCI
Competition Commission of India (CCI)

India's antitrust body conducted raids at several small mining services on Friday for allegedly colluding on prices while offering services to the world's biggest coal miner, Coal India, four sources told Reuters.

Officers of the Competition Commission of India (CCI) raided in Kolkata in West Bengal state and Ranchi and Dhanbad in eastern state of Jharkhand, said two of the sources, all of whom declined to be named due to sensitivity of the operation.

The raids follow complaints from Bharat Coking Coal Limited, a unit of Coal India, and were related to price rigging of tenders worth at least 20 billion rupees ($260 million), two other sources said.

The services rendered by the mining services under investigation related to extraction and transportation of coal, one of the sources said.

The watchdog as a matter of policy does not make public details of its ongoing price cartel investigations, or raids.

did not respond to an email seeking comment.

The raids are the latest such operation. Last week, the raided top domestic sellers of online retail giant Amazon.com Inc, and some sellers on Walmart's Flipkart, following accusations of competition law violations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, May 07 2022. 00:56 IST
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