CCI finds 7 firms guilty of bid-rigging, cartelisation, manipulation of Indian Railways tenders

The CCI imposed penalties on the firms that were found to have been actively engaged with each other to discuss the bids in various railway tenders, leading to manipulation of the bidding process of the Indian Railways.
Railways
Railways

The Competition Commission of India (CCI) today found 7 firms, who participated in a tender called by the Indian Railways, guilty of bid-rigging and cartelisation under the Competition Act, 2002 (the Act). [In Re: Cartelisation in the supply of Protective Tubes to Indian Railways]

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