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Competition regulator imposes $290 mln fine on Coal India Ltd - Reuters

Tuesday, 10 Dec 2013 08:21am EST 

Coal India Ltd:India's competition regulator has imposed a fine of 17.7 billion rupees ($290 million) on Coal India Ltd for abusing its dominant position and imposing unfair conditions in fuel supply agreements with customers - Reuters.The Competition Commission of India (CCI) on Dec. 10 issued a "cease and desist order" to the state miner and directed it to modify clauses in its fuel supply contracts related to sampling and testing, transportation charges, and compensation on supply of stones. 

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