The DRI had alleged that overvaluing of coal might have been done to help power companies get inflated tariffs for their generating stations. Edited by Chitranjan Kumar Published on: Oct 17, 2019 ...
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Existing DRI plants run on natural gas and thermal coal, and are mainly in the Middle East and North Africa, India, Russia and in the Americas region. A lack of lower cost gas supply in western Europe has so far limited DRI plants, even though new projects are mulled in Italy, Romania and Germany, even if they transition to hydrogen in future.
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The DRI investigation, started in 2009 and is still continuing, alleges overinvoicing of imported coal and powerplant equipment cumulatively amounted to around Rs 50,000 crore prior to 2008. Of this coal imports accounted for around Rs 29,000 crore, while powerplant equipment imports and "compensatory tariffs" claimed by a few companies is ...
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Receive daily email alerts, subscriber notes personalize your experience. ... Nucor's direct reduced iron (DRI) plant under construction in the areafor a mid2013 startup may reduce pig iron demand, putting more focus at theunit on coal handling despite the terminal's capability to switch acrosscommodities as needed. ... The coal consistency ...
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The DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), 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 between 2011 and 2015. In March 2016, DRI issued a general alert to its field formations across ...
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The Supreme Court is scheduled to hear in February next year a plea moved by the Directorate of Revenue Intelligence (DRI) challenging a 2019 Bombay High Court order that quashed the letters rogatory sent to Singapore and other countries during its probe involving Adani Group firms for alleged overvaluation of Indonesian coal imports. The top court is likely to consider a fresh rejoinder filed ...
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agent to produce DRI of the time of this article has only rarely been reported [5]. The most comprehensive study by Yilmaz et al. [6] compared different types of DRI, including DRI partially produced by using hydrogen as reducing gas and their potential on the reduction of GHG emissions in a BF process. However, no modeling of the DRP was ...
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Coal is an important, widelyused source of energy and a chemical raw material, which is transported globally in large quantities; more than a billion tonnes of coal per year are transported by sea (IEA International Energy Agency, 2020). However, its carriage as a cargo is associated with a number of hazards and coal must be carried in ...
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On the last day of March, the Directorate of Revenue Intelligence (DRI), which comes under the Union Ministry of Finance, issued a "general alert" to fiftyodd customs establishments all over India highlighting the modus operandi of overinvoicing of imports of coal from Indonesia. The DRI has claimed that money was being "siphoned" outside the ...
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The corresponding figures for the three previous years—in 201314, the country imported tonnes of coal worth Rs 92, crore; in 201213, tonnes of coal valued at Rs 86, ...
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High metallization cuts coal usage. DRI and HBI are usually made from highgrade iron ore pellets typically reduced by gas to provide a highlymetallized raw material for both electric arc furnaces and traditional blast furnaces. According to USbased DRI technologist Midrex Technologies, HBI, which is metallized beyond 90%, needs only to be ...
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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 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 ...
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Any coal with an ash melting temperature above 1050°C and a 10%40% VM content can be used in the Circofer. Coal with ash content <15% is preferable to keep the circulating load in the reactor, and in the case of direct charging into a smelter, the slag volume to a minimum (von Bitter et al., 1999). DRI produced by the Circofer process (>93% ...
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A red alert should go into effect if there is a prediction that the air quality index will stay above 200 for more than 72 hours. The United States government rates above 200 as "very unhealthy ...
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While coal use enters a steep decline after 2030, gas and oil use remains close to peak level for the next two decades. Still, the IEA also said as things stand, demand for fossil fuels is set to ...
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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 ...
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DRI, also known as sponge iron, is the product of reducing iron oxide in the form of iron ore and steel plant wastes into metallic iron, below the melting point of iron and typically in the range of °C. Iron oxide is charged into shaft furnace, rotary kiln, or fluidized beds in the form of pellet, iron ore lumps, or fines.
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Sprawling across an area of 69,000 hectares, or 100,000 football pitches, almost 20 million tons of coal are mined here every year to satisfy the world's hunger for energy, and Germany's as well ...
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Here are three actions they should consider taking. Accelerate highgrade production. Iron ore mining companies already prioritize the production of betterquality ores, but they need to do more. Ores with more iron content and fewer impurities enable manufacturers to produce highervalueadded green steel efficiently.
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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 ...
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Cocaine worth ₹220 crore was seized from a ship at Paradip port in Odisha. The ship, MV Debi, arrived from Egypt and was scheduled to depart for Denmark. Police line tape. Crime scene investigation.
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However, the DRI has estimated 50 to cost inflation on the imported coal. In an alert issued to various authorities, quoted by the AIPEF in its letter, the DRI had stated that this was being done for "(i) siphoningoff money abroad and (ii) to avail higher power tariff compensation based on artificially inflated cost of the imported coal."
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The Securities and Exchange Board of India (SEBI) has concealed a January 2014 DRI alert about Adani having siphoned off the money and invested it in Adanilisted companies through entities based ...
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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 ...
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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 ...
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يرغب أحد موردي المواد من بلجيكا في إنتاج مسحوق الحجر الجيري لملابسه...
الهند غنية بالموارد المعدنية المختلفة وهي سوق مهم لمعالجة المعادن
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