Indian cement
companies have stopped sharing their sales statistics with the industry body,
CMA (Cement Manufacturers' Association), as an immediate implication of the CCI
(Competition Commission of India) order of a mega fine of Rs. 6,300 crore last
June (2012) month.
Sources told
Business Standard that Aditya Birla group's UltraTech, Jaiprakash Associates,
Shree Cements, India Cements & Madras Cements among others have not yet
provided their production and dispatches number for June, 2012.
Usually, by 10th
of every month CMA publishes cement sector's monthly numbers on its website but
this time it has not.
All those
companies whose name emerged in the CCI order have abstained from sharing their
monthly statistics & others too have followed the same.
Swiss major
Holcim's Indian companies - ACC & Ambuja Cements, were the first one to
disassociate themselves from CMA back in 2009. Since then, they have been
providing their statistics to the stock exchanges. Interestingly, both these
companies were also in CCI's defaulters' list.
In its 20th June
(2012) order, CCI had said that the cement makers should 'cease and desist'
from indulging in any activity relating to agreement, understanding or
arrangement on prices, production and supply of cement in the market. Further,
it had stated, CMA should disengage
& disassociate itself from
collecting wholesale & retail prices through the member cement companies
and also from circulating the details on production & dispatches of cement
companies to its members.
Quarterly
Basis..!
The spokesperson
of Aditya Birla group said, '' The management has decided not to disclose the
monthly cement numbers. The company will share statistics on a quarterly (three
month) basis now onwards."
Now, our
country's cement sector has an overall capacity of 33 crore tonne per
year. ACC, UltraTech, Ambuja,
Jaiprakash, India Cements& Shree Cement control more than 50% of the cement
market.
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