CCI penalizes sugar mills in UP, Gujarat and AP for cartelizing in supply of ethanol to OMCs under the Ethanol Blending Programme-ignores market realities

CCI penalizes sugar mills in UP, Gujarat and AP for cartelizing in supply of ethanol to OMCs under the Ethanol Blending Programme-ignores market realities! The Competition Commission of India (CCI/Commission) vide order dated 18.09.2018 under Section-27 of the Competition Act, 2002 (the Act) has imposed heavy monetary penalties at 7% of their average relevant turnover…