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CCI finds JSW, Tata Steel, SAIL guilty of collusion
Financial Express Bengaluru
|January 07, 2026
· Probe also holds top execs liable; steel giants may face steep fines
THE COMPETITION COMMISSION of India (CCI) has found that steel majors Tata Steel, JSW Steel, state-run SAIL and 25 other firms breached antitrust law by colluding on steel selling prices, a confidential document shows, putting the companies and their executives at risk of hefty fines.
The watchdog has also held 56 top executives, including JSW Managing Director Sajjan Jindal, Tata Steel CEO TV Narendran and four former SAIL chairpersons, liable for price collusion over varying periods of time between 2015 and 2023, according to a CCI order dated October 6, which has not been made public.
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