HC stays Seci order barring Reliance Power from bids
Mint Mumbai|November 27, 2024
State-run firm barred Anil Ambani company for allegedly submitting fake bank guarantee
Rituraj Baruah
HC stays Seci order barring Reliance Power from bids

The Delhi High Court has granted a stay on Solar Energy Corporation of India's (Seci's) notice barring Reliance Power and its subsidiaries, except for Reliance NU BESS, formerly known as Maharashtra Energy Generation Limited.

On 6 November, Solar Energy Corporation of India had barred Reliance Power and its subsidiary Reliance NU BESS from participating in tenders floated by the state-run entity for three years.

The ban was in response to the submission of allegedly fake documents by the Anil Ambani companies in a tender released by Solar Energy Corporation of India in June, which sought bids for a 1,000 MW/2000 MWh standalone battery energy storage systems (BESS) project.

Following this, the tender process was cancelled.

Reliance Power said in a regulatory filing that it had challenged Solar Energy Corporation of India's notice of debarment in the Delhi High Court.

Bu hikaye Mint Mumbai dergisinin November 27, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Mint Mumbai dergisinin November 27, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MINT MUMBAI DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Trump Team Explored Simplified Plan for Reciprocal Tariffs
Mint Mumbai

Trump Team Explored Simplified Plan for Reciprocal Tariffs

Mexico Would Wait Until April 2 and Then Decide Whether to Impose Retaliation to Trump's Tariffs, Sheinbaum Said

time-read
3 dak  |
March 19, 2025
Mint Mumbai

Measures for IndusInd hinge on PwC report

A shok Hinduja, chairman of the promoter company of IndusInd Bank Ltd, has said that the private lender does not require capital and all measures to bolster the credibility of the bank after it disclosed accounting discrepancies will depend on PwC's external audit report.

time-read
1 min  |
March 19, 2025
Mint Mumbai

Zudio, Trent's greatest strength, may also be its biggest weakness

Growing pains

time-read
2 dak  |
March 19, 2025
Why this state-run lender is courting lower-rated clients
Mint Mumbai

Why this state-run lender is courting lower-rated clients

With few 'AAA' and 'AA' firms, banks must tap lower-rated borrowers to grow, said a rating agency analyst

time-read
2 dak  |
March 19, 2025
Amid 5G rollout, Vodafone Idea caught in satnet FOMO
Mint Mumbai

Amid 5G rollout, Vodafone Idea caught in satnet FOMO

Telco weighs satellite internet options, even as rivals Jio, Airtel push ahead with partnerships

time-read
2 dak  |
March 19, 2025
Mint Mumbai

Is the capital gains tax to blame for the foreign-investor exodus?

It's being offered as an explanation to justify past stories gone wrong but is weak as an argument

time-read
3 dak  |
March 19, 2025
Now, CXO hires keep India Inc. guessing
Mint Mumbai

Now, CXO hires keep India Inc. guessing

CXO dropouts are frustrating because the lengthy process has to start from scratch, delaying the company's plans. Headhunters are annoyed, too, since they get paid only if the candidate joins and works for a fixed minimum period.

time-read
2 dak  |
March 19, 2025
Barclays Invests + ₹2.3k Cr in India Ops
Mint Mumbai

Barclays Invests + ₹2.3k Cr in India Ops

British lender Barclays on Tuesday announced a ₹2,300-crore capital infusion into India operations.

time-read
1 min  |
March 19, 2025
Keep your photography smooth with this handy device
Mint Mumbai

Keep your photography smooth with this handy device

A gimbal is a hand-held stand that steadies your phone, and the Insta360 Flow 2 Pro is among the top ones out there

time-read
3 dak  |
March 19, 2025
Capex not at cost of welfare spending
Mint Mumbai

Capex not at cost of welfare spending

The central government has proposed to achieve a fiscal deficit target of 4.4% of India's GDP for 2025-26

time-read
2 dak  |
March 19, 2025