Competition Commission of India (CCI) has ordered investigation under section 26(1) of the competition act in respect of information filed by Wardha Power Company (Informant) against Western Coalfields (WCL) and Coal India (CIL).
The informant had alleged that WCL and CIL have abused their dominant position and the various clauses of the fuel supply agreement were discriminatory.
The commission is of the opinion that prima facie case was made out against WCL and CIL for investigation for contravention of section 4 of the competition act and it is a fit case to be investigated by DG. The report of DG is to be submitted within 60 days from receipt of the order.
Shares of the company declined Rs 4.85, or 1.93%, to settle at Rs 246.15. The total volume of shares traded was 270,138 at the BSE (Thursday).