Reliance Power, SECI
Businessworld · 1h
Reliance Power Under Scrutiny As SECI Alleges Submission Of Fake Bank Guarantees In Bids: Report
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,
Business Standard · 14h
SECI issues showcause to Reliance Power, considers criminal action
The Solar Energy Corporation of India (SECI) has issued a showcause notice to Anil Ambani-owned Reliance Power, asking why it should not take criminal action against the company for submitting “fake bank documents” through a bank that has no branch from where the documents supposedly originated.
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