 "CCI dismisses unfair business practices complaint against Hindalco, Vedanta")
Fair trade regulator CCI on Thursday dismissed a complaint against Hindalco Industries Ltd and Vedanta Ltd alleging unfair business practices with respect to copper products.
The Competition Commission of India (CCI) closed the matter as the informant was not able to substantiate the allegations made against the firms. The informant alleged cartelisation in determining prices of certain copper products in India by the firms, sharing of market of certain copper products by way of allocation of customers and engagement in bid rigging and collusive bidding.
The informant stated that Hindalco is the metals flagship company of Aditya Birla
The Competition Commission of India (CCI) closed the matter as the informant was not able to substantiate the allegations made against the firms. The informant alleged cartelisation in determining prices of certain copper products in India by the firms, sharing of market of certain copper products by way of allocation of customers and engagement in bid rigging and collusive bidding.
The informant stated that Hindalco is the metals flagship company of Aditya Birla
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