WEBOct 13, 2023 · A recent report from the Financial Times claims that the Adani Group, India's largest private coal importer, imported coal at prices significantly higher than market rates, raisingnbsp;suspicion that the group has been inflating fuel costs and forcing consumers and businesses to overpay for electricity. The investigation, based on customs records .
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WEBSep 20, 2018 · Earlier this year, following the LRs, a Singapore court had asked the Adani group to produce documents pertaining to Indonesian coal imports under the ongoing probe by the DRI. Adani Enterprises appealed to the Singapore high court against the lower court order but was denied relief. It then approached the Bombay HC seeking quashing of the .
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WEBDec 20, 2023 · The Delhi High Court on Tuesday directed the Centre, the Central Bureau of Investigation and the Directorate of Revenue Intelligence to meticulously and expeditiously look into the allegations of over invoicing of coal imports and equipment by several companies, including Adani Group and Essar Group, and take appropriate actions in .
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WEBNov 17, 2023 · Indian authorities reviewed 1,300 shipments involving Adani and alleged in court filings that it "grossly overstated" or "artificially inflated the import value of coal" as compared with the ...
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WEBOct 13, 2019 · The Directorate of Revenue Intelligence (DRI) has started sending notices to exporters after the Supreme Court stayed the Gujarat High Court order on availing an exportintensive scheme.
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WEBOct 17, 2019 · AEL in its petition in the Bombay High Court claimed the LRs were issued by DRI without cognizance of any offence or registering of First information Report against the Adani firms in the coal also said that the LRs were issued without any notice and hearing the companies.. The DRI probe against Adani and other companies began after .
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WEBJan 9, 2020 · 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 .
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WEBJun 21, 2022 · Eleven bidders, including Adani Enterprises, have shown interest in the firstever coal import tender issued by national miner Coal India (CIL). Recently, stateowned NTPC awarded million tonnes (mt) of imported coal tender worth Rs 8,300 crore to Adani Enterprises.
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WEBThe DRI has been investigating Adani's coal imports since 2016, suspecting overvaluation through billing higher prices on paper to its Singapore unit before being billed to its Indian arms, news ...
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WEBSep 20, 2018 · Earlier this year, following the LRs, a Singapore court had asked the Adani group to produce documents pertaining to Indonesian coal imports under the ongoing probe by the DRI. Adani Enterprises appealed to the Singapore high court against the lower court order but was denied relief. It then approached the Bombay HC seeking quashing of the .
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WEBJul 18, 2022 · Stateowned CIL has cancelled its maiden tender for shortterm import of coal in which Adani Enterprises had emerged as the lowest bidder, sources said on Monday. Adani Enterprises, which had quoted around Rs 17,000plus per tonne for importing MT of coal, was earlier selected for the shortterm shipment. However, .
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WEBApr 3, 2022 · India's southern Andhra Pradesh has cancelled bids made for two separate tenders by India's Adani Enterprises to supply imported coal as the prices quoted were too high, two state government ...
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WEBNov 18, 2023 · On October 17, 2019, the high court had quashed all the letters rogatory (LRs) sent by the DRI to Singapore and other countries in its ongoing investigation against the Adani Group firms for ...
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WEBJul 20, 2022 · Together, the Adani subsidiaries accounted for 35 per cent of India's coal imports from April to June this year, reflecting the group's growing dominance of the country's infrastructure ...
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WEBNov 17, 2023 · The Directorate of Revenue Intelligence (DRI) has asked the Supreme Court to restart an investigation into the Adani Group for alleged overvaluation of coal imports. Investigators are seeking ...
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WEBOct 17, 2023 · Adani Group accused of importing coal at inflated prices; denies allegations. FT report based on 30 shipments of coal from Indonesia to India over 32 months. Prices declared to custom officers in ...
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WEBJul 4, 2022 · Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report in The Economic Times said. The company quoted Rs 4,033 crore for the supply of million tonnes of coal on a freightonroad (FOR) basis, the report added.
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WEBOct 31, 2019 · A Bombay High Court order in a case relating to alleged overinvoicing of coal imported from Indonesia by a company in the Adani group threatens to undermine the capabilities of India's investigative agencies and should be challenged. By Abir Dasgupta, Paranjoy Guha Thakurta. On October 17, the Bombay High Court ruled in favour of a .
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WEBOct 12, 2023 · In export records the price was mn, plus 42,000 for shipping and insurance. On arrival at India's largest commercial port, Mundra in Gujarat run by Adani, the declared import value was mn." In one instance, the value of a shipment of coal was shown as Rs 139 million ( million) when the ship left an Indonesian port.
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WEBIndian import data since July 2021 indies Adani paid a total of to the three companies for coal sourced at substantial premiums to market prices. The FT identified 2,000 shipments totalling 73mn tonnes of coal declared as Indian imports by Adani companies between September 2021 and July 2023 in the Export Genius database.
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WEBSep 15, 2016 · 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%.
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WEBThe Bombay HC had quashed all global information requests the DRI had sent to foreign countries pertaining to alleged overvaluation of coal imports by two Adani firms. Gautam Adani. Photo: Reuters
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WEBJun 4, 2022 · India's largest power generating company (genco) NTPC has awarded multiple contracts to import million tonne (mt) of coal to Adani Enterprises at a cumulative value of Rs 8,308 crore. The stateowned genco is importing coal to meet the recent directive of the Union power ministry to blend 10 per cent imported coal in order .
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WEBDec 12, 2017 · DHC seeks a status report from the Centre and DRI on the reason for the delay in probing the Coal Import Scam. Dailymotion Facebook Instagram Paypal Soundcloud Telegram Twitter Youtube Politics
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WEBMar 26, 2018 · The coal ministry has alloed the block to NLC India for development, mining and captive consumption of the dry fuel from the blocks in its various end use power plants. NLC had floated a tender for selection of MDO for development and operation of the two Talabira blocks in November 2017 and reverse auction was conducted in January, .
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WEBSep 20, 2018 · The Bombay High Court on Wednesday granted interim relief to the Adani group by restraining the Directorate of Revenue Intelligence (DRI) from giving effect to the letters rogatory (LRs) issued to ...
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WEBOct 12, 2023 · 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 .
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WEBJun 21, 2019 · The Directorate of Revenue Intelligence has accused Adani Enterprises Limited of trying to obstruct its investigation into the overvaluation of coal imports by some group firms, The Indian Express ...
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WEBDec 19, 2023 · The Delhi High Court on Tuesday directed the Central Bureau of Investigation (CBI) and Directorate of Revenue Intelligence (DRI) to look into the allegations of overinvoicing of coal imports and ...
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WEBNov 17, 2023 · Adani Enterprises and its subsidiaries, led by billionaire Gautam Adani, have successfully mounted repeated legal challenges in India and Singapore to block the documents' release, court papers has denied wrongdoing, saying that Indian authorities assessed its coal shipments before releasing them from ports. In an Oct. 9 .
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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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