"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 ...
Adani 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
The 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 ...
While 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 Virgin Islands (UK) etc for the purpose of artificially inflating its value."
The DRI probe against all these companies 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 ...
Coal based sponge iron production in India Ferroalloys demand volume in Japan China Steel Corporation raw steel production tonnage in Taiwan
Written 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.
directorate of revenue intelligence dri is seeking to restart a probe into adani group for alleged overvaluation of coal imports and has asked supreme court to allow them to collect evidence from singapore reuters reported dri has been trying since 2016 to procure transaction documents from singapore adani group has reportedly repeatedly ...
August 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 ...
C 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 ...
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 ...
Jun 23, 2023. Around percent of the sponge iron produced in India in 2022 was under coal based process route. This was due to numerous coal based units present in the mineral rich states. The ...
It 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...
Coal or coal briquettes enter the meltergasifier dome and are converted to char at 1100°C1150°C. Oxygen is blown into the melter gasifier and a reduction gas, mainly CO and H 2, is generated by gasifying the coal, which is fed to the upper reactor(s), reducing the burden. The reduced iron ore or hot DRI is charged into the melter gasifier ...
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
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 d'être for the whole story, mentions as many as 40 importers...
Direct 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.
The 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 ...
The 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 ...
The Supreme Court (SC) Monday dismissed petition filed by the Directorate of Revenue Intelligence (DRI) challenging orders issued last year by the Customs, Excise Service Tax Appellate Tribunal (CESTAT), quashing cases pertaining to overinvoicing allegations levelled by the DRI against three Adani group subsidiaries. Between November 2022 and January 2023, the federal agency had moved the ...
From Office of Pr. ADG DRI DZU situated at B3 and B4 6th Floor Pt. Deendayal Antyodya Bhawa CGO Complex Lodhi Road New Delhi110003 ( Size KB ) Communique Working of DRI Hqrs from D Block Drum Shape Building Indraprastha Bhavan Estate New Delhi110002 ( Size KB )
Having failed earlier, a foreign publication is "making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of overinvoicing of coal imports," Adani Group said in a statement. It said the proposed story by the publication is based on the DRI's General Alert Circular dated March 30, 2016.
"The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated 30 March 2016. ... It also deliberately ignores the fact that coal procurement in India on a longterm ...
DRI (containing 9094% total iron) is an excellent feed stock for electric furnaces used by mini steel plants, allowing them to use lower grades of scrap for the rest of
Two 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.
Adani 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 ...
DRI went in for an appeal but the Supreme Court this year dismissed its petition. Adani Group in the statement said the DRI's show cause notice alleging overvaluation in the import of coal was ...
The 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 ...
Updated 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...
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