Archive · 17 Sep 2025
CCI Investigates Jindal Saw for Bid Rigging
The Competition Commission of India (CCI) raided offices of Jindal Saw and Maharashtra Seamless.
This happened because of a 2023 complaint from ONGC.
The complaint stated that the companies might have rigged bids, possibly agreeing amongst themselves to raise prices in tenders.
CCI inspectors collected documents and questioned officials.
The raids and investigation could take several months to conclude.
As of now, the companies and ONGC have not issued public statements.
Jindal Saw's stock fell slightly.
CCI conducted surprise raids on Jindal Saw and Maharashtra Seamless.
The raids concern alleged bid rigging in steel pipe tenders.
The investigation was initiated after an ONGC complaint in 2023.
Raids occurred at offices in and around New Delhi from September 15-16, 2025.
Jindal Saw shares decreased by 0.50% after the news.
- Who
- CCI, Jindal Saw, Maharashtra Seamless, ONGC
- What
- Raids regarding alleged bid rigging in steel pipe tenders.
- When
- September 15-16, 2025
- Where
- Offices in/around New Delhi
- Why
- Investigation into possible bid rigging, following ONGC complaint.
Jindal Saw
CCI
Bid Rigging
Jindal Saw
Extended full cooperation to authorities during the investigation.
CCI
Suspects bid rigging and conducts investigations based on complaint from ONGC.
- Companies Raided
- Jindal Saw, Maharashtra Seamless
- Reason for Raids
- Alleged bid rigging
- Initiating Body
- Competition Commission of India (CCI)
- Triggering Complaint
- ONGC complaint (2023)
- Location of Raids
- Offices in/around New Delhi
- Share Impact
- Jindal Saw -0.50%
