Coal India Fined $290M By Antitrust Watchdog

Law360, New York (December 10, 2013, 3:51 PM EST) -- India’s competition watchdog announced Monday it was levying a fine of 17.7 billion rupees ($290 million) against state-run mining giant Coal India Ltd. and three of its subsidiaries for illegally leveraging its dominant position as the country’s largest supplier to enter into unfair supply deals.

In a 101-page order, the Competition Commission of India found that Coal India had been using its role as India's largest coal miner to force buyers into extremely one-sided fuel supply agreements, or FSAs, and other unfair pacts.

“The commission is...
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