Indian cement firm Shree Digvijay drops on report of bid-rigging evidence

India Cements

09/03/2026 08:37

** Cement producer Shree Digvijay Cement SRDC.NS falls as much as 5.4% to 61.6 rupees; was down 4.2% before news

** India's antitrust watchdog finds evidence of wrongdoing, bid rigging by co, India Cements ICMN.NS, Dalmia Bharat-owned DLMI.NS Dalmia Cement, Reuters reports

** DLMI, ICMN down 3.7% and 4.2%, respectively, amid broader market sell-off; shares retain levels post report .BO

** Competition Commission of India initiated probe after Oil and Natural Gas Corp's ONGC.NS secret complaint against three firms, report says

** Dalmia Bharat declined to comment; other cement cos, ONGC, CCI did not respond to Reuters' requests for comment

** YTD, SRDC down ~32%, ICMN falls ~16%, DLMI sheds 14%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))