10 companies and industry body penalised for cartelisation, likely to take legal recourse.
The exports data for September would be announced next month. The exports data for September would be announced next month.
Cement prices are likely to go up by around Rs 8-10 per 50 kg bag with manufacturers saying that they may pass on the burden of hike in excise duty proposed in the Budget 2010-11 to customers.
The director general of investigations and registration, in its 30-page report submitted to MRTPC, said that industry body CMA was instrumental in fixing prices in the sector.
Eyeing the inevitable construction boom in India, cement companies in Pakistan are readying for huge exports to the neighbouring nation now.
According to industry analysts, this will have a marginal effect because hardly 10 per cent of the cement sold in the country has the maximum retail price of Rs 250 a bag (50 kg). H M Bangur, president, Cement Manufacturers' Association and managing director of Shree Cement, said: "Such a measure will have impact on certain regions of the country where the prices are on the higher side. This will include the north-east, Tamil Nadu, Kerala and Mumbai."
Following good demand from domestic sector, cement shipments have come down by almost 30 per cent this year.
Needed: Speedy implementation of infrastructure related projects and liberalisation of private sector participation in the infrastructure sector.
Industry players said they were indeed seeing a serious fall in capacity usage, though some sectors were seeming to prevent further fall in the overall capacity utilisation.
Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.
Turns down firm's plea for stay on CCI order; final order pending
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