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HC stays Seci order barring Reliance Power from bids
Mint Mumbai
|November 27, 2024
State-run firm barred Anil Ambani company for allegedly submitting fake bank guarantee
The Delhi High Court has granted a stay on Solar Energy Corporation of India's (Seci's) notice barring Reliance Power and its subsidiaries, except for Reliance NU BESS, formerly known as Maharashtra Energy Generation Limited.
On 6 November, Solar Energy Corporation of India had barred Reliance Power and its subsidiary Reliance NU BESS from participating in tenders floated by the state-run entity for three years.
The ban was in response to the submission of allegedly fake documents by the Anil Ambani companies in a tender released by Solar Energy Corporation of India in June, which sought bids for a 1,000 MW/2000 MWh standalone battery energy storage systems (BESS) project.
Following this, the tender process was cancelled.
Reliance Power said in a regulatory filing that it had challenged Solar Energy Corporation of India's notice of debarment in the Delhi High Court.
Denne historien er fra November 27, 2024-utgaven av Mint Mumbai.
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