Saturday, October 16, 2021

CCI imposes penalty on two firms for bid rigging of GAIL tender

The Competition Commission of India (CCI) has imposed a penalty upon two firms for bid-rigging in tender floated by Gas Authority of India Limited, GAIL.  These two firms are  PMP Infratech Pvt. Ltd. and Rati Engineering. The CCI found them indulging in concerted practices leading to bid-rigging of the tender floated in 2017-18 for the restoration of the well site located in Ahmedabad and Anand areas of Gujarat. Based on the investigation, CCI found that the two firms were in regular touch with each other regarding the tender floated by GAIL and even after the submission of their bids.

The CCI imposed a monetary penalty of  25 lakh rupees on PMP Infratech Pvt. Ltd., and 2.5 lakh rupees on Rati Engineering, and one lakh rupees and 50 thousand rupees on their respective individuals who managed and controlled the firms, besides passing a cease-and-desist order.

- Advertisement -
Latest news

Govt committed to providing all possible support to make J&K power surplus: RK Singh

Union Minister for Power and New and Renewable Energy, RK Singh has said that the government is committed to providing all possible support to...

India allows foreign tourists on chartered flights to enter the country

Government has allowed foreign tourists on chartered flights to enter the country on chartered flights. Union Home Ministry has started granting fresh Tourist Visas...

Two terrorists killed in separate encounters with security forces in J&K

Two terrorists, involved in the recent targeted killings of a civilian and a police officer, have been killed in two separate encounters with security...

India to take on Nepal in final of SAFF Football Championship today

Seven-time champions, India will take on Nepal in the final of the South Asian Football Federation (SAFF) Championship in Male, Maldives today. India on Wednesday...
Related news

Govt committed to providing all possible support to make J&K power surplus: RK Singh

Union Minister for Power and New and Renewable Energy, RK Singh has said that the government is committed to providing all possible support to...

India allows foreign tourists on chartered flights to enter the country

Government has allowed foreign tourists on chartered flights to enter the country on chartered flights. Union Home Ministry has started granting fresh Tourist Visas...

Two terrorists killed in separate encounters with security forces in J&K

Two terrorists, involved in the recent targeted killings of a civilian and a police officer, have been killed in two separate encounters with security...

India to take on Nepal in final of SAFF Football Championship today

Seven-time champions, India will take on Nepal in the final of the South Asian Football Federation (SAFF) Championship in Male, Maldives today. India on Wednesday...