India's top renewable energy agency has sent a notice to Anil Ambani-run Reliance Power, asking why it should not initiate criminal proceedings after a subsidiary of the power producer submitted fake documents for a bid,

Solar Energy Corporation of India Ltd (SECI) has sent a notice to Reliance Power after a subsidiary of the power firm submitted fake documents for a tender bid.

Last week, SECI imposed a three-year ban on Reliance Power from participating in its clean energy project tenders after discovering that one of its units had submitted a counterfeit foreign bank guarantee.

The Solar Energy Corporation of India (SECI) has issued a showcause notice to Reliance Power and its subsidiary, Reliance NU BESS Ltd., questioning why criminal action should not be initiated against them following the submission of allegedly fake bank guarantees (BGs) in recent tender bids,

SECI has barred Anil Ambani’s Reliance Power from contracts for three years over issues with bank guarantees. Read to know more!

SECI has issued showcause notices to Reliance Power and its arm for submitting fake bank guarantees in bids, potentially leading to criminal action.

India's Reliance Power, a subsidiary of the Reliance Group, has announced that it will legally challenge a three-year ban by state-owned Solar Energy Corporation of India Limited

The ban, which took effect on November 6, 2024, follows SECI’s discovery of a forged endorsement on a bank guarantee, a critical document in the bidding process for a 1000 MW/2000 MWh standalone BESS project.

Reliance Power, run by Anil Ambani, faces criminal investigation after a subsidiary submitted fake bank guarantees for a clean energy bid. SECI has also imposed a three-year ban on the firm.