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MRTPC issues notices to cement cos

PUBLISHED ON: July 26, 2007

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Yet another blow for the Indian cement industry as anti-monopoly watchdog MRTPC issues show-cause notices to top industry players.Show-cause notices were issued to ACC, Ambuja Cement and Grasim accusing them of cartelisation to boost prices. While cement makers have rubbished the charges, cement stocks had a free fall on Dalal Street.
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