FIRs on firms for forging 123cr bank guarantees for solar projects

Published onTimes of India

Publish Date2 March 2026

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Economic Offences Wing (EOW) has filed four individual cases against several firms for allegedly cheating the state government out of ₹122.9 crore. The fraud reportedly involved the submission of forged bank guarantees during the Solar Agriculture Energy Channel 2.0 tender process.

Based on a complaint from MSEDCL, EOW booked the directors of Nacoff Urja, NOPL Projects, Integration Induction Power, IIPL Three Hingoli, IIPL Four Parbhani, Nacoff Urja-NOPL Pace Green Energy, Onix Renewable and Onix IPP.

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