dri coal alert 2016

PDF ISSN: (Print) (Online) Journal homepage: ... ResearchGate

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

Adani coal imports case in Supreme Court: DRI reiterates stand to ...

Rajasthan Chhattisgarh Telangana Mizoram Advertisement News India Adani coal imports case in Supreme Court: DRI reiterates stand to resume probe Adani coal imports case in Supreme Court: DRI reiterates stand to resume probe The affidavit was filed on October 10.

Adani Group Condemns Financial Times' Malicious Campaign to Tarnish its ...

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...

Forty coal importers under the DRI scanner for overinvoicing

The inflated invoices were issued by intermediary invoicing agents in Singapore, Dubai, Hong Kong and British 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 ...

DRI show cause notices to Adani, Reliance Infra Essar on coal import ...

The DRI found as many as 40 companies were engaged in importing of Coal from Indonesia to Indian power plants. 90% of the coal is imported from Indonesia, while about 5% is imported from Australia. Adani Group of companies import around 70% and the second importer Anil Ambani's Reliance Group imports around 5%.

DRI probes overvaluation of coal imports by power cos

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 ...

Sebi 'concealed' DRI alert in 2014 over Adani Group firms, petitioner ...

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 ...

India: production volume of sponge iron 2022 | Statista

Coal based sponge iron production in India Ferroalloys demand volume in Japan China Steel Corporation raw steel production tonnage in Taiwan

Forty coal importers under the DRI scanner for overinvoicing

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...

DRI unearths coal import scam India Today

News PTI feed DRI unearths coal import scam. DRI unearths coal import scam. Advertisement. PTI ...

Production share of sponge iron in India by process route

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 ...

Adani Group flags 'renewed' attempts to 'financially destabilise ...

"The FT's proposed story is based on the DRI's General Alert Circular /2016/CI dated 30 March 2016. ... the issue of overvaluation in the import of coal was conclusively settled by India's ...

'Overvaluation' of coal imports: DRI moves Supreme Court against Adani ...

The 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 ...

adani: SC dismisses DRI's petition against three Adani group ...

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 ...

Why Adani Enterprises denied a report that is yet to be published

Adani 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 ...

The mystery of the Adani coal imports that quietly doubled in value

Pan 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 ...

RBI to DRI: We can't ask banks to share customer information

In 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 ...

Direct Reduced Iron VS Pig Iron LinkedIn

Furthermore, 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 ...

Coal gasification for DRI production An Indian solution India

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.

DRI unearths coal import scam Business Standard

A 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 ...

Adani Group accuses Financial Times of running campaign to 'tarnish ...

Allegations 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 ...

MMTC among two state firms inflating coal imports: DRI

According 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 ...

Gautam Adani | Adani Group imported coal well above market prices ...

"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 ...

The mystery of the Adani coal imports that quietly doubled in value

The company said it has been vindicated by the DRI's decision this year to withdraw an appeal to the Supreme Court in a case against one of the 40 importers named in 2016.