FT report cites customs records and DRI circular to back up its claims. Adani Group stocks come under selling pressure after FT report on alleged overinvoicing of coal imports.
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The specialist points out that the production of gasbased steel using DRI significantly reduces emissions of harmful substances compared to traditional blast furnaces that use coal.
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The latest tweets from DELCOALERT
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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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August 18, 2023 Fatality. Accident Classification: Drowning. Location: Mcdowell, West ia. 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 ...
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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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ADEM alert is a compilation of public notices issued by the Alabama Department of Environmental Management (ADEM) in a given month.. It is ADEM's stated mission to assure a safe, healthful and ...
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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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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 ...
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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. Currently, there are two primary means of DRI production in India: smallscale rotary kilns using local coal and iron ore lump, and largescale shaft furnace plants ...
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India spent over Rs lakh crore on coal imports in the past year, causing a significant outflow of foreign exchange. While the share of coal imports in total consumption has decreased from 26% to 21% in the last five years, the country still imports over 200 million tonnes of coal annually. 19 Oct, 2023, 08:23 PM IST.
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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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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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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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DRI last week issued a "general alert" to customs offices claiming that power companies were exploiting "higher tariff compensation based on [the] artificially inflated cost of the imported ...
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December 3, 2023 8:55 am Bridge Service
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On October 10, hearing a case regarding the alleged ove rinvoicing of Indonesian coal imported by the Adani Group, the Supreme Court clubbed the matter with another case related to alleged smuggling of dutyfree gold by a Hyderabadbased jeweller.. It was in November 2019, that the DRI had moved the apex court against a Bombay High Court order in favour of the Adani Group.
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Receive daily email alerts, subscriber notes personalize your experience. Register Now Iron ore miners such as Rio Tinto, Vale, Fortescue and BHP are working with steel companies in Asia and Europe to adapt products such as pellets, highgrade concentrates, sinter and lump ore for use in direct reduction iron (DRI) and blast furnaces to ...
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Subscribe. Steel Raw Materials is a weekly market tracker that provides independent market analysis and price forecasting for all the key steel raw materials, including: ferrous scrap grades, pig iron, iron ore, DRI/HBI, freight, coking coal and coke, energy, zinc, tin, ferroalloys and energy. Latest Analysis.
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The Internet Computer token price has been on a downward trend since its launch in May ICP token price is trading at around 70 cents, down from its alltime high of This decline ...
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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 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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The Supreme Court stayed the Bombay High Court's order quashing the Directorate of Revenue Intelligence (DRI) seeking information about the alleged Rs 29,000crore overinvoicing by Adani Enterprises Limited in connection with coal imports from Indonesia. The Solicitor General argued the high court order had prevented DRI from collecting evidence.
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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, according to most international indices.
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A material supplier from Belgium would like to produce limestone powder for his custome...
India is rich in various mineral resources and it is an important mineral processing market
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