Good news for Anil Ambani! Reliance Power share price hits 5 per cent upper circuit, here's why

 Reliance Power, owned by Anil Ambani, opened at a five per cent upper circuit on Wednesday, i.e., December 4. 

This comes after the Solar Energy Corporation of India (SECI) withdrew its order barring the firm from renewable energy tenders.

Last month, the ban was imposed by SECI in response to the submission of purportedly fake documents by Reliance Powers in a tender released in June. 

As per a report by Mint, Reliance Powers has witnessed a healthy gain so far, rising as much as 68 per cent as of the December 3 close.

The SECI is a key aspect in the energy sector, acting as a bridge between private power producers and state power distribution companies (discoms).

This information is not DNA's opinion but obtained from media reports