Sponge iron production clocks 8 pc growth in India, set to rise above 75 MT by FY30
India is the largest DRI producer in the world with its production set to rise above 75 MT by fiscal 2030 from 51.5 MT in fiscal 2024, according to a Crisil report.
In trouble for Hero Motocorp Executive Chairman Pawan Munjal, the Enforcement Directorate (ED) on Tuesday carried out searches at his residence and several other locations.
In trouble for Hero MotoCorp Executive Chairman Pawan Munjal, the Enforcement Directorate (ED) on Tuesday carried out searches at his residence and several other locations.
According to ED sources, the agency sleuths carried out the searches at premises of Munjal and 10 others.
The source said that the financial probe agency’s action was based on the complaint by the Directorate of Revenue Intelligence (DRI) case against Munjal.
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The DRI team had found foreign currency from Munjal’s premises, the source claimed.
However, the officials of the ED remained tight-lipped on the case and searches against Hero Moto Corp chairman.
Further details were awaited.
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