FIRs on firms for forging 123cr bank guarantees for solar projects
02 March 2026
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.
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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