The Indian Competition Authority imposes highest fine in terms of profit on hard core cartel for supplying coal to 7 thermal power stations (Maharashtra State Power Generation / Nair Coal Services / Karam Chand Thapar / Naresh Kumar)

CCI imposes highest penalty in terms of profit on a hard core cartel for coal liaisoning services for supply of coal to seven thermal power stations of Maharashtra State Power Generation Co. Ltd.* The Competition Commission of India (CCI) vide its order dated January 10, 2018 has exposed a cartel of three top coal liaisoning agents –Nair Coal Services Ltd.(NCSL)/OP2, Karam Chand Thapar & Bros. Ltd.(KCT)/OP 3 and Naresh Kumar & Co. Pvt. Ltd. (NKC)/OP4 in getting work of coal liaisoning ( involving linkage materialization, shortage minimization and quality monitoring) in respect of the tenders floated by Maharashtra State Power Generation Co. Ltd. (MAHAGENCO) for award of contract of coal liaisoning work for its various thermal power stations ( TPSs) in contravention of the

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  • Vaish Associates, Advocates (New Delhi)

Quotation

Man Mohan Sharma, The Indian Competition Authority imposes highest fine in terms of profit on hard core cartel for supplying coal to 7 thermal power stations (Maharashtra State Power Generation / Nair Coal Services / Karam Chand Thapar / Naresh Kumar), 10 January 2018, e-Competitions Bulletin January 2018, Art. N° 87868

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