CCI report on complaints against coal firms in 45 days
Fair trade regulator Competition Commission of India (CCI) Thursday said the report of probe into alleged abuse of market dominance by CIL and its two subsidiaries will be ready in the next 45 days.
New Delhi: Fair trade regulator Competition Commission of India (CCI) Thursday said the report of probe into alleged abuse of market dominance by CIL and its two subsidiaries will be ready in the next 45 days.
Maharashtra State Power Generation Company had filed an information with CCI that Coal India Limited (CIL) and its subsidiaries are abusing their dominant position.
"On coal, there are three matters before us, all three are with Director General (Investigation), the point is quite similar in all the three, which are against subsidiaries of Coal India," Competition Commission of India (CCI) Chairman Ashok Chawla told reporters here.
Mahanadi Coalfields Limited (MCL) and Western Coalfields Limited (WCL) are the two CIL subsidiaries named in the information by the Maharashtra power company.
Chawla said power companies have also alleged that fuel supply agreements with coal firms are one-sided and there is abuse of dominance. According to him, power companies have alleged that the user which buy coal are made to sign on the dotted line and they do not get the right kind of quality coal, not the right terms and conditions.
Chawla added that the whole matter is under investigation and the report of the Director General should be with us in the next 45 days.
In a meeting with the senior executives of various companies and Ministry of Corporate Affairs, CCI Thursday asked companies to ensure fair trade practices and restrain from anti-competitive activities.