India, Sept. 11 -- The Government of India issued the following news release:
Achieving a major milestone, Insurance Surety Bonds (ISB) issued by the insurance companies for NHAI contracts has crossed Rs. 10,000 crore landmark. Till July 2025, 12 insurance companies have issued around 1,600 ISBs as 'Bid Security' and 207 ISBs as 'Performance Security' valued at around Rs. 10,369 crores for NHAI contracts. NHAI has been encouraging the use of Insurance Surety Bonds as an additional mode of submitting Bid Security and/or Performance Security Deposit.
In a bid to further promote wider adoption of Insurance Surety Bonds (ISB) and Electronic Bank Guarantee (eBG), a workshop was organized by NHAI in New Delhi. The session was chaired by Shri N....