Insurance Surety Bonds for NHAI Cross Rs 10bn Milestone

12 Sep 2025 CW Team

Achieving a significant milestone, Insurance Surety Bonds (ISB) issued by insurance companies for National Highways Authority of India (NHAI) contracts have crossed the Rs 10 billion mark. As of July 2025, 12 insurance companies have issued approximately 1,600 ISBs as ‘Bid Security’ and 207 ISBs as ‘Performance Security’, with a combined value of around Rs 10.37 billion for NHAI projects. NHAI has been actively promoting the use of ISBs as an additional option for submitting Bid Security and/or Performance Security deposits.

To further encourage the adoption of Insurance Surety Bonds and Electronic Bank Guarantees (eBG), a workshop was organised by NHAI in New Delhi. The session was chaired by Shri N.R.V.V.M.K Rajendra Kumar, Member (Finance), NHAI, and included Shri Nilesh Sathe, Former Member of the Insurance Regulatory and Development Authority (IRDA), senior NHAI officials, industry experts, and representatives from various insurance and finance companies.

Insurance Surety Bonds are instruments in which insurance companies act as ‘Surety’ and provide a financial guarantee that contractors will fulfil their obligations according to the agreed terms. The Ministry of Finance, Government of India, has equated eBGs and ISBs with traditional Bank Guarantees (BGs) for all government procurements. ISBs offer a cost-effective alternative while providing adequate security for NHAI’s infrastructure projects.

With India poised to become the world’s third-largest construction market, the demand for Bank Guarantees in the infrastructure sector is expected to grow by 6 to 8 per cent year-on-year. Surety Bonds provide a viable substitute for traditional Bank Guarantees. Their cost-effectiveness and security benefits are set to offer substantial relief to the infrastructure sector and support its continued expansion.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..