The Competition Commission of India (CCI) has pulled up 11 cement companies for forming a cartel and has penalized them with a fine of around Rs 6,000 crore. The commission has asked the companies to pay up 50% of their FY10 profits as penalty.
In an interview with CNBC-TV18, Mohan Krishnaswamy, Head of Equity Research from RBS Equities (India) and Vinod Juneja, MD (Group) of Binani Cement gave their outlook on the cement and construction sector.
Vinod Juneja, MD of Binani Cement, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, gave his analysis on the budget and the how would it impact his company going forward.