Close Menu
Rupee WiseRupee Wise
  • Indian Markets
  • Block Deals
  • Commodities
  • Earnings Reports
  • Global Insights
  • Bonds
  • Market Analysis
Recent Posts
  • GIFT Nifty Opens Marginally Down, Signalling Cautious Start for Indian Markets
  • GIFT Nifty Signals Marginally Positive Open for Indian Markets
  • GIFT NIFTY Indicates Muted Opening for Indian Markets
  • GIFT Nifty Opens Marginally Higher: Up 0.01% at 25,635
  • GIFT Nifty Opens Marginally Higher, Signalling Positive Start for Indian Markets
  • English
  • हिन्दी
Archives
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • July 2024
WhatsApp
WhatsApp
  • English
  • हिन्दी
Rupee WiseRupee Wise
  • Indian Markets
  • Block Deals
  • Commodities
  • Earnings Reports
  • Global Insights
  • Bonds
  • Market Analysis
Rupee WiseRupee Wise
  • English
  • हिन्दी
  • Indian Markets
  • Block Deals
  • Commodities
  • Earnings Reports
  • Global Insights
  • Bonds
  • Market Analysis
Home » Latest News » Markets » Indian Markets

Reliance Power Subsidiary Wins Partial Reprieve in Delhi High Court

6 months ago Indian Markets 3 Mins Read

The Delhi High Court has granted interim relief to Reliance NU BESS Limited, a subsidiary of Reliance Power, against a debarment order issued by the Solar Energy Corporation of India (SECI). This order allows Reliance NU BESS to participate in certain tenders despite the ongoing legal battle concerning allegations of a fake bank guarantee submitted by the company.

SECI, a government-owned entity responsible for renewable energy project development, had previously barred Reliance Power and its subsidiaries from participating in its tenders for three years. This debarment stemmed from allegations that Reliance NU BESS submitted a fraudulent bank guarantee for a battery energy storage systems project tender.

However, the Delhi High Court’s recent decision allows Reliance NU BESS to participate in three specific bids, effectively overturning SECI’s blanket ban. The court’s decision is based on the principle of natural justice, ensuring that Reliance NU BESS is not unfairly excluded from these tenders while the legal proceedings are ongoing.

This interim relief provides a partial victory for Reliance Power, allowing its subsidiary to continue operating in the renewable energy sector despite the ongoing dispute with SECI. The final outcome of the case will depend on further legal proceedings and the court’s ultimate decision on the validity of the debarment order.

Key Insights:

  • Focus: The news centers on the legal battle between Reliance Power’s subsidiary and SECI, highlighting the challenges faced by companies in the Indian renewable energy sector.
  • Key Events: The Delhi High Court’s decision to grant interim relief to Reliance NU BESS is a significant development, potentially influencing the outcome of the case.
  • Potential Impact: This decision could positively impact Reliance Power’s stock price as it signals a potential easing of the company’s legal troubles. It also underscores the importance of judicial oversight in ensuring fair play and competition in the renewable energy sector.

Investment Implications:

  • Investors should closely monitor the ongoing legal proceedings and the final outcome of the case, as it could significantly impact Reliance Power’s future prospects in the renewable energy sector.
  • The news highlights the regulatory risks associated with the Indian renewable energy sector, which investors should consider when making investment decisions.
  • Despite the ongoing legal challenges, Reliance Power’s commitment to renewable energy and its subsidiary’s partial victory in court could be viewed as positive signs by some investors.

Sources:

  • Economic Times: Reliance Power says Delhi HC grants interim relief to Reliance NU BESS
  • Financial Express: Reliance Power arm gets interim relief from HC against SECI order
  • Business Standard: Delhi HC grants RPower stay on SECI debarment notice amid fraud allegations
Follow on WhatsApp Follow on Google News
Share. WhatsApp Telegram Facebook Twitter Email LinkedIn Copy Link
Avatar of Rajiv Kumar
Rajiv Kumar
  • Website

Rajiv Kumar is a stock broker and financial consultant with a deep understanding of the market. He owns a successful firm where he helps individuals and companies make smart investment decisions. Rajiv provides personalized advice and strategies to help his clients achieve their financial goals. His expertise and commitment to client satisfaction have earned him a strong reputation in the finance industry.

Keep Reading

Indian Markets 2 months ago

Aster DM Healthcare Leases Land for New Hospital in Bengaluru

3 Mins Read
Indian Markets 2 months ago

Exide Industries’ Q4 FY25 EBITDA Margins Affected by Higher Raw Material Prices

3 Mins Read
Indian Markets 2 months ago

Alembic Pharma Anticipates Margin Expansion Driven by R&D Optimization

2 Mins Read
Indian Markets 2 months ago

Paytm Reaffirms Margin Targets, Highlights Earnings Potential

3 Mins Read
Indian Markets 2 months ago

Welspun Corp Secures Significant Export Order for Coated LSAW Line Pipes and Bends from India

2 Mins Read
Indian Markets 2 months ago

Techno Electric Launches Digital Infrastructure Arm with USD 1 Billion Investment Plan

3 Mins Read
Indian Markets 2 months ago

Report of Sumitomo Acquiring 51% Stake in YES BANK Incorrect, Say Banking Sources

2 Mins Read
Indian Markets 2 months ago

Meghna Infracon Board to Consider Bonus Share Issuance

2 Mins Read
Indian Markets 2 months ago

Hyundai Motor India Celebrates 29 Years of Success with 12.7 Million Units Sold

2 Mins Read
Indian Markets 2 months ago

Indian Hotels Confident in Double-Digit Growth Fueled by Expansion and Asset Management

2 Mins Read
Indian Markets 2 months ago

Sunteck Realty Expresses Confidence in Continued Growth and Acquisition Strategy

2 Mins Read
Indian Markets 2 months ago

Coforge Bullish on FY26 Outlook, Expects Margin Expansion

2 Mins Read
Add A Comment
Leave A Reply Cancel Reply

Latest Posts

GIFT Nifty Opens Marginally Down, Signalling Cautious Start for Indian Markets

4 days ago

GIFT Nifty Signals Marginally Positive Open for Indian Markets

5 days ago

GIFT NIFTY Indicates Muted Opening for Indian Markets

6 days ago

GIFT Nifty Opens Marginally Higher: Up 0.01% at 25,635

7 days ago

GIFT Nifty Opens Marginally Higher, Signalling Positive Start for Indian Markets

1 week ago

NSE Pre-Market Trading Sees 0.11% Rise: A Positive Start to the Day

2 weeks ago

GIFT Nifty Opens Marginally Higher, Signaling Cautious Optimism for Indian Markets

2 weeks ago
Tags
Banking Sector Block Trade Brent Crude Construction Crude Oil DII EBITDA Electric Vehicles Energy Sector FII GIFT Nifty Global Economy India Indian Economy Indian Stock Market Inflation Infrastructure Institutional Investment Institutional Investors Investment Investment Strategy Manufacturing Market Opening Market Sentiment Market Volatility Mergers and Acquisitions Nifty 50 Nifty50 NSE Oil Prices OPEC+ Order Book Pharmaceutical Industry Pharmaceuticals Pharmaceutical Sector Power Sector Profitability Q2 Results Quarterly Results Real Estate Renewable Energy Revenue Growth Stock Market निवेश शेयर बाजार
© 2025 RupeeWise. Powered by ABLORE.

Type above and press Enter to search. Press Esc to cancel.