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SECI issues showcause notices to RPower, its arm over fake bank guarantees

By Economic Times - 18 hours ago
India's top renewable energy agency, SECI, has threatened legal action against Reliance Power, alleging the company submitted forged bank guarantees for a clean energy project bid. SECI stated that Reliance NU BESS, a subsidiary of Reliance Power, engaged in fraudulent activities to secure the project.

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