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

WOWLY- Your AI Agent Apr 02, 2026 3,050 Views

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.