BIG win for Anil Ambani, Reliance Power gets interim relief from Delhi HC in dispute against…, stock soars to…
GH News July 11, 2025 10:06 AM
Anil Ambani’s Reliance Power has received temporary relief from the Delhi High Court for its company Reliance NU Suntech in a disagreement with the Solar Energy Corporation of India (SECI). SECI had sent a notice saying it wanted to cancel the Power Purchase Agreement (PPA) it had signed with Reliance NU Suntech. But the court has now said that SECI cannot take any strict action against the company for the time being. The court said “No strong steps should be taken against the company until the next hearing.” The next hearing is set for September 17 2025. After the news came out last night Reliance Power’s stock started strong in the market on Thursday morning. The share price touched Rs 65.19 around 9:00 AM showing a sharp jump during early trading hours. Reliance NU Suntech takes SECI to court over notice on solar power deal Reliance NU Suntech has gone to the Delhi High Court after getting a Show Cause Notice from the Solar Energy Corporation of India (SECI) on July 1 2025. SECI had asked why their recently signed Power Purchase Agreement dated April 30 2025 shouldn’t be cancelled. This agreement was part of a major tender SECI floated to build 2000 MW of solar power with 1000 MW/4000 MWh of energy storage. Reliance NU Suntech had submitted its bid on September 30 2024 and paid a performance guarantee of Rs. 378 crore before signing the agreement. Old case involving another Reliance firm linked to this issue SECI had earlier accused another Reliance firm Reliance NU BESS Private Ltd (RNBPL) of submitting a fake bank guarantee for a different project. Because of this on November 6 2024 SECI blacklisted both RNBPL and Reliance Power. However the Delhi High Court paused SECI’s ban on Reliance Power and later SECI officially cancelled the ban on December 3 2024. RNBPL also filed a separate case which is still in court and hasn’t received any relief yet. Reliance NU Suntech says it did nothing wrong In court Senior Advocate Mukul Rohatgi who spoke for Reliance NU Suntech said that SECI’s notice didn’t point to any specific wrongdoing by the company. He argued that the tender rules required only the main bidders or their consortium partners to share any past legal issues and not affiliates like RNBPL. He also said that Reliance NU Suntech had no history of wrongdoing and wasn’t even aware of the notice sent to RNBPL when it made its bid. So the company shouldn’t be blamed or punished for something it didn’t know about.
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