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ISBs for road contracts hit ₹10,000 cr
Financial Express Chennai
|September 12, 2025
THE ISSUANCE OF Insurance Surety Bonds (ISB) that were introduced as an alternative for bank guarantee by the National Highways Authority of India (NHAI) have crossed ₹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 ₹10,369 crore for NHAI contracts," a statement by the highway builder said.
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