CCI gives JSPL clean chit on cartelisation allegations

The Competition Commission of India (CCI) on Thursday gave a clean chit to Jindal Steel & Power (JSPL) on allegations of cartelisation saying it hasn't found enough evidence to support the same.

The case pertains to the government's decision of cancelling the coal mine bids of JSPL and Balco for four blocks amid reports of speculation of cartelisation during auctions.

The government had forwarded the complaints alleging cartelisation against JSPL to CCI, stating the company indulged in anti-competitive practises and price cartelisation.

The government had  cited low bids as the reason for cancellation of the winning bids.