Reliance Power shares hit 5% lower circuit after SECI debars co from its tenders for 3 years

Reliance Power and its subsidiary, Reliance NU BESS, have been barred by SECI from participating in tenders for three years. This follows the submission of a "fake" bank guarantee document during a solar project bid. SECI discovered the discrepancy after the e-Reverse Auction, leading to the tender's cancellation.