CCI slaps Rs1,773 crore penalty on Coal India

The CCI held that CIL through its subsidiaries operates independently of market forces and enjoys undisputed dominance in the relevant market of production and supply of non-coking coal in India 8230; The CCI also held CIL and its subsidiaries in contravention of the provisions of Section 42ai of the Competition Act,2002 for imposing unfair and discriminatory conditions in fuel supply agreements with the power producers for supply of non-coking coal, the CCI said.

A CIL spokesperson said that the firm would comment on the development only after going through the order.

In total,seven cases against CIL were registered. The order has been passed only in two cases and is awaited in others.