"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 ...
WhatsApp: +86 18037808511DRI 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 ...
WhatsApp: +86 18037808511It 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 18037808511Shangliao 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 18037808511The 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 18037808511Two 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.
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WhatsApp: +86 18037808511Adani Enterprises has denied a news report even before it has been published. In a regulatory filing with the bourses, Adani Enterprises — the flagship company of the Adani group — accused Londonbased Financial Times of malicious bias in regurgitating old allegations that it had overinvoiced coal imports. The group slammed the financial ...
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WhatsApp: +86 18037808511DRI: 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 18037808511A 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 18037808511DRI (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
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WhatsApp: +86 18037808511"The FT's proposed story is based on the DRI's general alert circular.dated 30 March 2016," the company had said in that statement. It wasn't. The FT began its investigation on the premise that even though the DRI case had stumbled, there were reasons to believe that the group had not abandoned the practice of overinvoicing coal ...
WhatsApp: +86 18037808511While 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."
WhatsApp: +86 18037808511CFD 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 18037808511According 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 ...
WhatsApp: +86 18037808511Furthermore, 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 18037808511Written 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 18037808511It 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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WhatsApp: +86 18037808511Direct 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 18037808511"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 18037808511The 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 18037808511The 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 18037808511The 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 18037808511The 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 18037808511Adani 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 ...
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WhatsApp: +86 18037808511Indian energy minister Piyush Goyal told Economic and Political Weekly that the DRI was "investigating cases related to misdeclaration of value (over invoicing) of coal imported from Indonesia...
WhatsApp: +86 18037808511The 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
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