SECI Lifts Debarment on Reliance Power

05 Dec 2024 CW Team

Solar Energy Corporation of India Limited (SECI) announced on Tuesday that it has withdrawn the debarment notice issued to Reliance Power, allowing the Anil Ambani-led firm to participate in future tenders. The notice, originally issued on November 6, had banned Reliance Power Ltd and Reliance NU BESS Ltd from SECI tenders for three years due to allegations of submitting "fake documents."

On November 13, SECI also issued a show cause notice to Reliance Power, questioning the submission of a fake bank guarantee by its unit and considering criminal proceedings.

In its latest statement, SECI clarified that the withdrawal of the debarment notice does not affect its right to take further actions as per the law. “Following the legal proceedings related to this matter, the debarment notice issued to Reliance Power Limited has been withdrawn with immediate effect,” SECI said.

The notice dated November 6 has been modified accordingly.

Reliance Power, in a stock exchange filing, confirmed that with the withdrawal of SECI’s debarment notice, “the Company and its subsidiaries, except Reliance NU BESS Limited (formerly known as Maharashtra Energy Generation Limited), are eligible to participate in all tenders issued by SECI.”

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