Insurance surety bonds for NHAI contracts cross Rs 10,000 crore
The issuance of Insurance Surety Bonds (ISB) that were introduced as an alternative to bank guarantees by the National Highways Authority of India (NHAI) has crossed Rs 10,000 crore mark.
“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,” a statement by the highway builder said.
