The inflated invoices were issued by intermediary invoicing agents in Singapore, Dubai, Hong Kong and British Virgin Islands, among other jurisdictions, according to the DRI alert notice. The average price of Indonesian coal with a gross calorific value of 3,8004,200 kCal/kg ranged between 38 and 49 a tonne on freeonboard (FOB) basis ...
WhatsApp: +86 18838072829DRI: 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 18838072829Updated January 20, 2018 at 07:52 AM. | New Delhi, April 8 Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed By Our Bureau Comments Share READ LATER...
WhatsApp: +86 18838072829About Us History DRI Network Organization Structure Charter Message from Pr. DG's Desk Former Directors General Awardees Publications RTI RTI Right to Information Act., 2005 Director of Public Grievances CPGRAMS Proactive Disclosure under Section 4 (1) (b)
WhatsApp: +86 18838072829The DRI probe against Adani and other firms began, after the agency issued a general alert to its field formations across India in March 2016, outlining the modus operandi of overinvoicing of coal imports from Indonesia. DRI alleged that money was being "siphoned" outside the country and the electricitygenerating firms were availing of ...
WhatsApp: +86 18838072829The Adani Group today slammed the UKbased newspaper Financial Times' for "raking up an old, baseless allegation of overinvoicing of coal imports". The group accused it of a "malicious campaign ...
WhatsApp: +86 18838072829Two years ago, i n March 2016, the DRI had issued a general alert to its field formations across the country, outlining the modus operandi of overinvoicing of coal imports from Indonesia.
WhatsApp: +86 18838072829It is a case of overinvoicing of imported coal prices started from 2008 onwards. The DRI smelled a huge scam in coal imports from Indonesia, from where almost 8090 per cent coal is imported to India. In December 2014, the DRI had carried out series of searchandseizure raids across 80 locations in Delhi, Tamil Nadu, Gujarat, Karnataka ...
WhatsApp: +86 18838072829In this paper, an integrated process was developed to beneficiate low grade siderite ore and upgrade inferior coal simultaneously to yield DRI powder and semicoke. Based on bench scale results, the pilot scale verification tests were conducted and the final DRI concentrate assaying % Fe total, % metallization degree was obtained at ...
WhatsApp: +86 18838072829APPROXIMATELY 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.
WhatsApp: +86 18838072829Allegations revolve around overinvoicing of coal imports and global conspiracy; ... The FT's story was said to be based on a General Alert Circular /2016/CI dated March 30, 2016, issued by the Directorate of Revenue Intelligence (DRI). The Adani Group pointed out that the circular mentioned as many as 40 importers, including Adani Group ...
WhatsApp: +86 18838072829Receive daily email alerts, subscriber notes personalize your experience. Register Now With a GDP growth rate of % in 2019 and forecast to expand by another 8% this year, according to the Asian Development Bank, Bangladesh's demand for dry bulk commodities has burgeoned, successfully drawing a sizable dry bulk shipping traffic to its shores.
WhatsApp: +86 18838072829Furthermore, 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 18838072829Direct Reduced Iron (DRI) is the product of the direct reduction of iron ore in the solid state by carbon monoxide and hydrogen derived from natural gas or coal. See more information about the production of DRI . Most gasbased direct reduction plants are part of integrated steel minimills, located adjacent to the electric arc furnace (EAF ...
WhatsApp: +86 18838072829Direct Reduced Iron (DRI) production has increased tremendously since 1980, from essentially zero to over 21Mt in 2008, as shown in Fig 1. Of the total DRI production in 2008, 74% was produced from coal in rotary kilns and 26% from natural gas in shaft furnaces. India is now the world's largest producer of DRI.
WhatsApp: +86 18838072829A bench headed by Chief Justice Bobde issued notices to Adani Enterprises on the appeal filed by DRI in the DRI had initiated investigations in March 2016 against a few Adani group ...
WhatsApp: +86 18838072829It is noteworthy that, 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...
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WhatsApp: +86 18838072829August 18, 2023 Fatality. Accident Classification: Drowning. Location: Mcdowell, West Virginia. Mine Controller: ClevelandCliffs, Inc. Mine Type: Underground. Mined Material: Coal (Bituminous) Chargeback Date: 9/27/2023. On August 18, 2023, MSHA was informed of a miner's death at Twin State Mining, Inc.'s Mine No. 39 in Elbert, WV. MSHA ...
WhatsApp: +86 18838072829The capital market regulator had "concealed a January 2014 DRI alert about Adani having siphoned off money and invested them in Adani listed companies through entities based in Dubai and Mauritius," petitioner Anamika Jaiswal said in her affidavit dated September 8. ... Rules 1957 by the Adani Group that was conducted from April 1, 2016, to ...
WhatsApp: +86 18838072829Furthermore, dissimilar to blast furnace pig iron, which is nearly pure iron, DRI comprises some siliceous gangue, which has to be removed in the steelmaking process (Dutta Sah, 2016 ...
WhatsApp: +86 18838072829Pan 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 18838072829It said the proposed story by the publication is based on the DRI's General Alert Circular dated March 30, 2016. However, the publication has "singled out the Adani Group, while the DRI's circular mentions as many as 40 importers including the Adani Group companies," the statement said.
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