The CCI has slapped penalties totalling around Rs 1.16 crore on 24 entities, including individuals, for indulging in bid-rigging and cartelization in tenders floated by the Indian Railways. As many as 11 entities and 14 individuals of these entities were found to have violated competition norms. Besides slapping penalties on 24 of them, the watchdog has directed them to cease and desist from anti-competitive practices.

The matter was taken up by the CCI following a reference filed on behalf of the North-Western Railways.

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