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.
Ather Energy IPO crosses the line in final hours of Day 3; retail portion booked 1.55 times
Ather Energy’s Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors