SECI bans Reliance Power from tenders for three years due to a fake bank guarantee submission.

The Solar Energy Corporation of India (SECI) has banned Reliance Power and its subsidiary, Reliance NU BESS, from participating in its tenders for three years. This decision follows the submission of a fake bank guarantee in a tender for a battery energy storage project, which led to the cancellation of the bidding process. SECI's action is based on the tender conditions that allow debarment for such violations.

November 07, 2024
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