The DRI probe against Adani and other companies began after the agency issued a general alert to its field formations across India in March 2016. Business tycoon Gautam Adani
WhatsApp: +86 18203695377While Indonesian coal was shipped directly from Indonesian ports to India, the DRI's 2016 alert said, suppliers' invoices were "routed through one or more intermediaries based in Singapore, Dubai, Hong Kong, British Islands (UK) etc for the purpose of artificially inflating its value."
WhatsApp: +86 18203695377The DRI is probing at least 40 companies, including two companies of the Adani Group, two Essar Group firms and a few public sector power firms, for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore. ... According to a showcause notice issued by DRI to Reliance Infrastructure and Rosa Power in August 2016, the two ...
WhatsApp: +86 18203695377The use of direct reduced iron (DRI) as a substitute for premium scraps in electric arc furnace (EAF) steelmaking has increased in popularity because DRI does not have tramp elements, has a uniform density and shape, as well as higher yield and purity of carbon, affords convenience of charging, and has lower cost of raw materials.[1,2,3,4,5,6,7] Unfortunately, however, commercially available ...
WhatsApp: +86 18203695377Pan Asia Tradelink, previously named Pan Asia Coal Trading, has supplied Adani with tonnes of coal for since September 2021, according to customs records reviewed by the FT. The ...
WhatsApp: +86 18203695377The FT's brazen agenda is exposed by the fact that they have singled out the Adani Group, while the DRI's Circular, the raison d'être for the whole story, mentions as many as 40 importers...
WhatsApp: +86 18203695377DRI: This iron production process directly reduces iron ore in solidstate with the reaction temperature below the melting point of iron. Reducing gases are produced from natural gas (gasbased DRI) or coal (coalbased DRI) called syngas, a mixture of H 2 and CO. Although DRI production is more energy efficient than pig iron production from BF ...
WhatsApp: +86 18203695377Adani Group said in the case of Knowledge Infrastructure, one of the 40 importers mentioned in the General Alert Circular, the DRI's Show Cause Notice alleging overvaluation in the import of ...
WhatsApp: +86 18203695377The current upturn in coking coal and coke prices alongside firming scrap may be improving the prospects for DRI steel mills accessing lowerpriced gas on longterm contracts. ... has been more resilient than the Platts China export rebar to iron ore and coking coal spread. The regional indicator DRI has performed better than for Turkey rebar ...
WhatsApp: +86 18203695377Shangliao Sun. The production volume of coalbased sponge iron in India accounted for more than million metric tons at the end of 2022. It reflected an increase from the previous year's more ...
WhatsApp: +86 18203695377In this paper, the process of direct reduction roasting using magnetic separation to produce direct reduction iron (DRI) from highphosphorus oolitic hematite, using coal slime and blast furnace dust as reductant, is investigated. The possible use of slime coal and blast furnace dust as reductant and the dephosphorization behavior during the process of direct reduction was studied ...
WhatsApp: +86 18203695377The DRI has monitored the details of coal imports of these companies till 31 March 2016, information accessed by the authors suggests. Web of Scams. This revelation comes weeks after the DRI secured the first arrest of an accused person who was allegedly involved in overinvoicing of coal imported from Indonesia.
WhatsApp: +86 18203695377DRI: Division des Relations Internationales * DRI: Death Row Inmate * DRI: Directorate of Revenue Intelligence * DRI: Daily Reference Intake Fda * DRI: Demand Reduction Initiative * DRI: Detailed Report of Investigation * DRI: Disability Rights Initiative * DRI: Danish Road Institute * DRI: Direct Reading Instrument * DRI: Direction de la ...
WhatsApp: +86 18203695377Furthermore, the DRI's appeal was reportedly withdrawn by the Supreme Court of India on January 24, 2023, with an acknowledgment of the government's stance against engaging in futile litigation.
WhatsApp: +86 18203695377"The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated March 30, 2016. ... It also deliberately ignores the fact that coal procurement in India on a longterm ...
WhatsApp: +86 18203695377DRI: Development of Regional Impact: DRI: Detection, Recognition, and Identification (Surveillance, Reconnaissance and Intelligence Systems) DRI: Division des Relations Internationales (French: International Relations Division) DRI: Disaster Recovery Institute (Canada) DRI: Data Ready Indicator: DRI: Danish Road Institute (Denmark) DRI: Defense ...
WhatsApp: +86 18203695377C Unnikrishnan Apr 8, 2016, 06:09 IST. MUMBAI: The Directorate of Revenue Intelligence (DRI) has issued a nationwide alert to its offices and customs formations to scrutinise coal imports for over ...
WhatsApp: +86 18203695377News PTI feed DRI unearths coal import scam. DRI unearths coal import scam. Advertisement. PTI ...
WhatsApp: +86 18203695377Adani Group by raking up old, baseless allegationan of overinvoicing of coal imports. The FT's proposed story is based on the DRI's eneral Alert Circular G /2016/CI dated 30 March 2016. The FT's brazen agenda is exposed by the fact that they have singled out the Adani Group, while the DRI's Circular, the . raison
WhatsApp: +86 18203695377The DRI has been investigating 40 powergenerating companies and traders for the past couple of years. It has flagged prominent public and private sector companies that are suspected to be inflating the import value of coal beyond that prevailing in the international market. According to the DRI alert, "the objective is to siphon off money ...
WhatsApp: +86 18203695377In March 2016, the agency issued a general alert to its field formations across India, outlining the modus operandi of overinvoicing of coal imports from Indonesia. The DRI alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of "higher tariff compensation based on artificially ...
WhatsApp: +86 18203695377APPROXIMATELY 58% of India's steel is currently produced in electric furnaces induction furnaces (IF) as well as electric arc (EAF). Given the lack of domestic scrap and the good availability of iron ore, thermal coals and natural gas, direct reduction has provided much of the iron units required for growth in steel production.
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WhatsApp: +86 18203695377Written by Sailee Dhayalkar, Khushboo Narayan Mumbai | September 20, 2018 00:46 IST Follow Us An LR is a formal request seeking judicial assistance from a foreign country in investigating an offshore entity.
WhatsApp: +86 18203695377A major scam involving several energy companies and traders, including some in the state sector, has been unearthed involving alleged overinvoicing of imported coal including through a tax haven to siphon off money abroad and charge higher power tariffs, according to DRI sources. The companies include some of the biggest names in the sector as also some state electricity boards and central ...
WhatsApp: +86 18203695377DRI claims much of the coal was imported through Adani's Singapore subsidiary. ... 2016 and forwarded to the competent authority in Singapore was challenged by the Adani group before the Bombay ...
WhatsApp: +86 18203695377CFD analysis of heat transfer in freeboard of rotary kiln was done with licence version of ANSYS, authorized by NIT Rourkela. ANSYS is an engineering simulation software (ComputerAided Engineering. Kiln of a typical Sponge Iron producing plant having capacity 500 Tons Per Day was modelled and simulated with CFD package (ANSYS ). This kiln is of length 80m. and inner diameter 4 ...
WhatsApp: +86 18203695377According to the latest DRI notice, the agency has found that several coal traders were directly importing Indonesian coal to Indian ports by allegedly routing the invoices "through one or more related /associated intermediary firms based abroad" after artificially inflating its value. According to the latest DRI notice, the agency has ...
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