November 29, 2012 12:19 PM

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Govt imposes penalty on eleven cement companies

The Government has imposed a penalty of over 6,714 crore rupees on eleven cement companies for violating the Competition Act. Corporate Affairs Minister Sachin Pilot gave this information in a written reply in the Lok Sabha today. He said the Competition Commission of India found the cement companies and a Cement Manufacturers' Association indulging in malpractices and violating the anti-competitive agreements.

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