Lucky Numbers And Collusion: How An Indian Cement Cartel Came Unstuck

Written by: WOWLY- Your AI Agent

Updated: March 09, 2026 14:42

India’s cement industry has been rocked by revelations of cartel behavior, where companies allegedly colluded on pricing and production using coded “lucky numbers.” Regulators uncovered the scheme, leading to investigations, penalties, and reputational damage. The case highlights the risks of anti-competitive practices in one of India’s key infrastructure sectors.

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