Govt allows E-bank guarantees for Highway, Ropeway contracts

02 Jun 2023 CW Team

The government has made revisions to the contracts for the construction of highways and ropeways, allowing bidders to provide electronic bank guarantees and surety bonds. According to an order from the Ministry of Road Transport and Highways, amendments have been approved for various clauses in the model concession agreements for Engineering, Procurement, and Construction (EPC), Hybrid Annuity Mode (HAM), and Build Operate Transfer (BOT) contracts.

Furthermore, the order states that in the case of existing contracts, such as road development, toll contracts, and ropeways, the requirement for a Bank Guarantee (BG) can be replaced with an Insurance Surety Bond.

However, if a BG is necessary as bid security or performance security and it is not feasible to provide an e-bank guarantee, the physical BG will continue to be accepted.

Also Read
MMRDA to levy TOD charge on new buildings near Metro 7
Delhi Metro Constructs Longest Phase-IV Tunnel

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..