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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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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By Parikshit Luthra Mar 13, 2023 3:04:51 PM IST (Published) The Finance Ministry on Monday informed Parliament that the Directorate of Revenue Intelligence (DRI) has concluded its investigations into the imports of Power Generation, Power Transmission, and Infrastructure (Port SEZ) equipment by Adani Group companies. The DRI has submitted its ...
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The coal power policy has been influencing the development of China's coal power industry from the aspects of quantity control, technological progress, and marketoriented reform. Meanwhile, the strategic coal power policy of the mid and longterm future is yet to be welldesigned under the carbon peak and neutrality targets. Therefore, it is necessary to have a comprehensive overview of ...
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Supreme Court stays HC order, lets DRI pursue case against Adani firms. The DRI had initiated investigations in March 2016 against a few Adani group firms for alleged overinvoicing of coal ...
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Bad Press, King Coal, Joonam and Fantastic Machine are all awardwinning documentaries, yet in the race for Oscar recognition, they're underdogs. Despite the many honors they have collected at ...
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Hotbriquetted iron. Direct reduced iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) into iron by a reducing gas or elemental carbon produced from natural gas or ores are suitable for direct reduction. Direct reduction refers to solidstate processes which reduce iron oxides to metallic iron at ...
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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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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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A new analysis shows that 81% of investments in greener energy are in counties with belowaverage wages, and former coal towns have been at the forefront of the influx. IE 11 is not supported.
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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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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 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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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 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 ...
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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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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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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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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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New Delhi: An expert panel constituted by the government has suggested that India has enough potential to produce hydrogen from domestic coal and the country should strongly pursue this option. This assumes significance in the wake of Prime Minister Narendra Modi annoucing hydrogen mission on India's 75th Independence Day. Hydrogen is a clean fuel and can serve as a possible substitute to ...
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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.
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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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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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At present, fossil fuels are the steel sector's bloodstream: 27 EJ (10 18 J) of coal, 3 EJ of gas and 5 EJ (1400 TWh) of electricity are consumed annually for the production of the mostly widely ...
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Purchase A Guide to Dry Bulk Operations. Some cargoes require little monitoring during the loaded sea passage, but others should be monitored closely. Alumina and salt do not require much monitoring from ship's staff, but coal should be monitored daily. Failure to monitor when required can have catastrophic consequences and may even result in ...
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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 longterm ...
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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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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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