Unfair practices watchdog, Competition Commission of India, recently in an order imposed Rs 11 crore fine on ten transport companies. This was following a complaint filed by Western Coalfields alleging transport companies resorting to unfair practices.
Western Coalfields Limited had earlier approached Competition Commission of India (Commission) alleging bid-rigging by SSV Coal Carriers Private Limited, Pravin Transport, Khandelwal Transport, Khandelwal Earth Movers, Khanduja Coal Transport Co., Punya Coal Road Lines, B. Himmatlal Agrawal, Punjab Transport Co. and Avaneesh Logistics Private Limited, upon noticing identical price quotes given by them in four tenders floated for coal and sand transportation. It was alleged that the conduct of submitting identical bids at higher rates is a blatant act of bid rigging.
The case was investigated by the Director General, Competition Commission of India(CCI) who found these parties in violation of Section 3(3)(d) of the Act. The Commission has imposed a total penalty of Rs. 11,81,71,260 (Eleven Crores Eighty One Lacs Seventy One Thousand Two Hundred & Sixty) calculated at the rate of 4% of their average turnover during the last three financial years.