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Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project. The Incident: Fake Bank Guarantees in SECI Tender

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07 Nov 2024 04:38 AM

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project. The Incident: Fake Bank Guarantees in SECI Tender

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Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

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Vijay’s New CMO Renovation Faces Questions Over ₹5.54 Crore Tender

Hyderabad Sets Sights on Hosting 2036 Olympics: CM Revanth Reddy's Vision Unveiled

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#anil-ambani

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Reliance Power Barred from SECI Tenders for Three Years Over Fake Bank Guarantees

Vijay’s New CMO Renovation Faces Questions Over ₹5.54 Crore Tender

Hyderabad Sets Sights on Hosting 2036 Olympics: CM Revanth Reddy's Vision Unveiled

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