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.