Ramco Cements Ltd. reported that in continuation regarding imposing of penalty of INR 2,586.3 million, by Competition Commission of India (CCI). The company has appealed to COMPAT against the order of CCI. The company on Nov. 28, 2016 received the order Nov. 21, 2016 of COMPAT, which has stayed the order of CCI with the following conditions. The company within one month from Nov. 21, 2016 to deposit 10% of the penalty that is INR 258.6 million in the registry of the tribunal in the form of fixed deposit for a period of six months duration. The company to pay balance amount of penalty with interest at 12% per annum from the date of CCI’s order, in case the company’s appeal is dismissed.