CCI slaps Rs 591 crore penalty on Coal India, says ensure uniformity between private, public power producers


CCI slaps Rs 591 crore penalty on Coal India, says ensure uniformity between private, public power producers

Competition Commission of India (CCI) has slapped a whopping Rs 591 crore penalty on public sector undertaking (PSU) Coal India over the unfair conditions in fuel supply agreements. CCI has also directed Coal India to ensure uniformity between private and public power producers in fuel supply pacts. This comes on the same day that Coal India, along with ONGC and Indian Oil Corporation (IOC) emerged as star financial performers among India’s central public sector enterprises in 2015-16, a government survey showed. Read more

Credits: financialexpress.com

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