Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    TVS Industrial & Logistics Parks Lists ₹1,300 Cr InvIT on NSE, Unlocks Infrastructure Growth

    Factors to Consider Before Buying Term Insurance

    Public Sector Banks to Hire 50,000 Employees in FY26 Amid Expansion Plans

    Facebook Twitter Instagram
    Business Outrank
    • Home
    • Business
    • Politics
    • Technology
    • Lifestyle
      1. Health
      2. Entertainment
      3. Travel
      4. View All

      Virus Susceptibility in Species: Study Reveals Surprising Findings

      February 8, 2025

      Effective Yoga Poses to Naturally Manage Blood Sugar Levels

      January 18, 2025

      Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

      December 2, 2024

      The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

      August 18, 2023

      Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

      February 6, 2025

      Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

      January 26, 2025

      Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

      January 25, 2025

      Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

      January 23, 2025

      Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

      January 23, 2025

      Indian government approves Singapore Airlines bid to merge Vistara and Air India

      September 3, 2024

      Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

      August 14, 2024

      Virus Susceptibility in Species: Study Reveals Surprising Findings

      February 8, 2025

      Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

      January 23, 2025

      Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

      January 20, 2025

      Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

      January 19, 2025
    • Global
    Business Outrank
    Home - National News - UltraTech Clarifies It Is Not Under CCI Investigation, Matter Pertains to India Cements
    National News

    UltraTech Clarifies It Is Not Under CCI Investigation, Matter Pertains to India Cements

    By vikasNo Comments1 Min ReadJuly 6, 2025
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    UltraTech
    UltraTech Clarifies It Is Not Under CCI Investigation
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    UltraTech, India’s largest cement manufacturer, clarified on Saturday that it is not under investigation by the Competition Commission of India (CCI) over alleged anti-competitive practices in tenders floated by ONGC. In a BSE filing, the Aditya Birla Group company stated, “The Company is not under investigation in Case No. 35 of 2020 before the CCI and has neither received any order nor any request for its financials in this matter.”

    The investigation instead involves UltraTech’s subsidiary, India Cements Ltd (ICEM), which is exploring legal remedies. India Cements, acquired by UltraTech in December 2024 through a 55% stake purchase from promoters and the open market, confirmed it is awaiting the full investigation report from the CCI’s Director General.

    The CCI probe stems from a 2020 complaint by ONGC alleging cartelization in its tenders. The DG’s report, submitted in February 2025, named India Cements, Dalmia Bharat, Shree Digvijay Cement, and a middleman for collusion. While CCI has directed the parties to furnish financial records and responses, no penalty has been imposed yet.

    UltraTech reiterated its commitment to regulatory compliance and clarified its operations remain unaffected by the ongoing investigation involving its subsidiary.

    CCI Investigation India Cements UltraTech
    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleTrump to Begin TikTok Sale Talks With China as Deal Nears Completion
    Next Article Hindustan Copper Partners With Chile’s Codelco to Boost Production and Capacity
    vikas

    Related Posts

    Factors to Consider Before Buying Term Insurance

    July 8, 2025

    Public Sector Banks to Hire 50,000 Employees in FY26 Amid Expansion Plans

    July 6, 2025

    ITR Verification Simplified: Seven Easy Ways to Complete Your Return in 2025

    July 6, 2025

    Leave A Reply Cancel Reply

    Don't Miss
    Business July 8, 2025

    TVS Industrial & Logistics Parks Lists ₹1,300 Cr InvIT on NSE, Unlocks Infrastructure Growth

    July 8, 2025

    TVS Industrial & Logistics Parks achieved success by listing its ₹1,300 crore Infrastructure Investment Trust…

    Factors to Consider Before Buying Term Insurance

    Public Sector Banks to Hire 50,000 Employees in FY26 Amid Expansion Plans

    ITR Verification Simplified: Seven Easy Ways to Complete Your Return in 2025

    About Us
    About Us

    Welcome to Business Outrank, a trusted source for high-quality and well-researched information on world events, politics, and the economy.

    Facebook Twitter Instagram
    Our Picks

    TVS Industrial & Logistics Parks Lists ₹1,300 Cr InvIT on NSE, Unlocks Infrastructure Growth

    Factors to Consider Before Buying Term Insurance

    Public Sector Banks to Hire 50,000 Employees in FY26 Amid Expansion Plans

    Most Popular

    TVS Industrial & Logistics Parks Lists ₹1,300 Cr InvIT on NSE, Unlocks Infrastructure Growth

    July 8, 2025

    Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

    July 14, 2023

    Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

    July 15, 2023
    © 2025 Business Outrank.
    • About Us
    • Contact us
    • Privacy Policy
    • Cookies Policy
    • Ethics policy
    • Sitemap
    • Terms & conditions
    • Correction Policy

    Type above and press Enter to search. Press Esc to cancel.