Antitrust inspectors conduct searches
India’s competition authorities carried out surprise raids at Jindal SAW and Maharashtra Seamless over alleged bid-rigging, according to sources. Offices around New Delhi were searched, and operations later concluded.
Case centers on public tenders
Investigators are examining whether firms coordinated bids on large pipeline contracts. The companies did not immediately comment. Formal charges, if any, would follow separate proceedings.
Industry stakes are high
Steel pipe makers supply oil, gas and water projects. A crackdown could reshape pricing and procurement timelines for infrastructure build-outs.
Next steps in enforcement
Authorities are expected to review seized documents and digital records. Timelines for findings were not disclosed.
