date:Sep 20, 2018
The Competition Commission of India (CCI) has imposed penalties upon 18 sugar mills and two associations [the Indian Sugar Mills Association (ISMA) and Ethanol Manufacturers Association of India (EMAI)] for rigging the bids in respect of a joint tender floated by oil marketing companies [Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and Indian Oil Corporation Ltd (IOCL)] on January 2, 2013 for the procurement of ethanol for blending with petrol. This was sta