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India: Competition Commission slaps a $94m fine on Coal India

By  |  March 26, 2017

The Competition Commission of India has imposed penalty of Rs 591.01 crore on Coal India Limited for abusing its dominant position, an official statement said on Friday.

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    “CCI has found CIL and its subsidiaries to be in contravention of the provisions of the Competition Act, 2002 for imposing unfair/discriminatory conditions in Fuel Supply Agreements with the power producers for supply of non-coking coal,” said a Finance Ministry statement.

    The CCI has directed Coal India to ensure uniformity between private and public power producers in fuel supply pacts.

    Full Content: The Quint

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