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CCI ordered fresh probe into Coal India and subsidiary for violations

CCI has ordered a fresh probe into state-run miner Coal India and its subsidiary for alleged abuse of dominant market position in fuel supplies.

Jan 31, 2014 15:59 IST
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Competition Commission of India (CCI) on 30 January 2014 ordered a fresh probe into the state-run miner Coal India and its subsidiary for alleged abuse of dominant market position in fuel supplies.

The ordered probe will also look into the role of the executives who were in-charge of business for violations of competition norms if any found. Earlier, the Competition Commission of India slapped a penalty of 1773 crore rupees on Coal India for unfair business ways in December 2013. This penalty charge has been challenged by the company and at present it is lying with the appellate tribunal.

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