The Competition Commission of India (CCI) on Thursday penalised seven companies that it said were “indulged in cartelisation in the supply of Protective Tubes to the Indian Railways by means of directly or indirectly determining prices, allocating tenders, controlling supply and market, co-ordinating bid prices and manipulating the bidding process.”
“The Competition Commission of India (CCI) issued a final order against seven companies/firms which were found to have contravened the provisions of Sections 3(3)(a), 3(3)(b), 3(3)(c) and 3(3)(d) read with Section 3(1) of the Competition Act, 2002 (Act), which proscribe anti-competitive agreements,” the CCI said in a press release.
“The evidence in the matter included regular e-mail communications between the parties and filing of bids from same IP addresses by certain parties etc,” it added.
