Reliance Power shares slide 5% after SECI issues showcause notices over fake bank guarantees

November 18, 2024

Solar Energy Corporation of India (SECI) issued a show-cause notice to Reliance Power and its subsidiary, Reliance NU BESS, for allegedly submitting fake bank guarantees. SECI discovered that the bank guarantee submitted by Reliance NU BESS was fake and has barred the companies from participating in its tenders for three years.

More To Explore

ITC shares in focus as stock exchanges hold special session to set ITC hotels share price

ITC shares will be in focus as BSE and NSE hold a special pre-open trading session today for ITC Hotels shares, which are being demerged

January 6, 2025

Standard Glass Lining Technology IPO opens for subscription. Check key dates, price band, GMP and review

Standard Glass Lining Technology’s Rs 1,250 crore IPO opens today, with a price band of Rs 133-140 per share and a GMP indicating a 69%

January 6, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003