CCI conducts searches at India Cements’ Chennai office, Infra News, ET Infra


CCI conducts searches at the Chennai office of India Cements

NEW DELHI: India Cements Ltd (ICL) on Thursday said fair trade regulator CCI has conducted a “search” at its office in Chennai. The Chennai-based company added that it has not violated CCI regulations.

Responding to a clarification sought by the BSE on reports of a CCI raid at ICL, the company said in a filing, “Some CCI officials visited our office in Chennai around 11.30 am and are ‘searching’ to locate it. ‘Competition Commission’- If there has been any irregularity regarding .

However, he added that since he has not violated the CCI regulations, “We do not perceive any material impact on the company.”

ICL has a total annual capacity of 15.5 million tonnes. Revenue for the year ended March 31, 2022 was 4,713.11 million.

India Cements has eight integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh and Rajasthan and two grinding units each in Tamil Nadu and Maharashtra.

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