The Competition Commission of India (CCI) has found 11 cement manufacturers guilty of cartelization and has imposed a penalty at the rate of 0.5 times of their profit for the year 2009-10 and 2010-11 for violation under Section 3 of the Competition Act, 2002. The penalty amounts to more than Rs. 6,306.59 crore (Nearly $1.14 billion). The CCI also imposed an additional penalty on the Cement Manufacturers Association.