A PYMNTS Company

India: Allegations hit coal conglomerate hard

By  |  March 13, 2013

Coal India is under fire from the nation’s Competition Commission as the coal giant is accused of holding a monopoly position in the market and abusing its dominance. According to reports, the Competition Commission of India investigated the company after two complaints were filed with the authority. One accused Coal India of forcing its customers to sign one-sided fuel supply agreements and the other says the coal quality was below the standard promised to consumers, despite higher prices. The allegations arise simultaneously with UK shareholder TCI also accusing Coal India of price-fixing and compromising shareholders’ interests.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Hindu Business Line

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.