The Competition Commission has imposed a fine of Rs 591 crore on Coal India for allegedly having discriminatory conditions in fuel supply pacts. Apart from directing the company to cease and desist from anti-competitive practices, the watchdog has ordered modification in the agreements.
In a 56-page order, CCI has found the company violating competition norms by Â“imposing unfair/discriminatory conditions in the matter of supply of non-coking coal to power producers.Â”
Further, CCI said that Coal India did not Â“evolve/draft/finalise the terms and conditions of FSAs through a mutual bilateral process and the same were imposed upon the buyers through a unilateral conduct.Â”
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