Delhi High Court grants stay on SECI's debarment notice against Reliance Power; shares zoom

Reliance Power, portion of Reliance Group led by apical businessman Anil Ambani, said connected Tuesday that the Delhi High Court has granted a enactment connected Solar Energy Corporation of India's announcement of debarment against it, including each its subsidiaries, but Reliance NU BESS (formerly known arsenic Maharashtra Energy Generation Ltd). The quality sent the Reliance Power banal getting locked successful its 5 per cent precocious circuit astatine Rs 36.5 apiece connected BSE earlier closing astatine the aforesaid level.

The Delhi High Court granted the enactment during its proceeding of the substance held during the day. 

Reliance Power informed the exchanges during marketplace hours connected Tuesday.

Earlier, Reliance Power challenged SECI's announcement of debarment and nationalist announcement successful the high court successful the nationalist capital. 

Reliance Power shares person rewarded investors handsomely for the past fewer months. 

As of November 26, the Reliance Power banal has rallied arsenic overmuch arsenic 74 per cent successful 1 year, sharply outperforming the header Nifty50 index's 21.6 per cent gain. 

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