290+ Indian govt obligees · GFR 2023 · NHAI Circular 3.1.41/2025

Surety bonds for every Indian obligee.

Bond format pre-approved across central PSUs, state PWDs, port trusts, metro corporations, customs commissionerates and municipal bodies. Pick your obligee — get the right bond format, panel availability, and an indicative quote in 4 working hours.

— 01

Central infrastructure

~₹6 lakh cr annual procurement
Live ✓
National Highways Authority

NHAI

EPC, HAM, BOT(Toll), Annuity contracts. Policy Circular 3.1.41/2025 makes surety bonds the default acceptable instrument.

View NHAI bond guide →
Live ✓
Central Public Works Dept.

CPWD

Central govt buildings, hospitals, AIIMS, IIM, embassies, border infra. Aligned with GFR 2023 Rule 170 and CPWD Works Manual.

View CPWD bond guide →
Live ✓
Ministry of Road Transport

MoRTH

Direct MoRTH-funded state highway projects, ring road authorities. Aligns with NHAI bond format on most contracts.

View MoRTH bond guide →
Live ✓
Indian Railways · IRCON · RVNL

Indian Railways

Track-laying, station redevelopment, rolling stock, signalling, doubling, electrification. Multiple PSUs under MoR.

View Railways bond guide →
Live ✓
Government e-Marketplace

GeM

GeM-routed procurement across central PSUs and ministries. Surety bonds accepted as EMD & PG on all categories.

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Live ✓
Rail India Tech & Economic Service

RITES

Railway consultancy, inspection, project execution and rolling stock export contracts. Aligned with Railway Board policy.

View RITES bond guide →
Live ✓
Indian Space Research Organisation

ISRO

Launchpad civil works, ground stations, satellite component supply, propulsion test facilities. Civil EPC + specialised supply.

View ISRO bond guide →
Live ✓
Bharat Sanchar Nigam Limited

BSNL

BTS towers, optical fiber rollout, BharatNet rural broadband, 4G/5G network expansion. 22 telecom circles.

View BSNL bond guide →
— 02

Power & energy PSUs

~₹2 lakh cr annual capex
Coming
National Hydroelectric Power

NHPC

Hydroelectric, pumped storage, river-valley project contracts. Multi-year construction tenures.

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Coming
National Thermal Power

NTPC

Thermal, solar park, transmission and renewable project EPCs. India's largest power producer by capacity.

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Coming
Power Grid Corporation

PGCIL

HV/EHV transmission lines, substation EPC, smart grid. Pan-India capex programme.

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Coming
Oil & Natural Gas Corp.

ONGC, IOCL, BPCL, HPCL

Oilfield services, refinery EPCs, pipelines, retail outlet construction. PSU oil & gas majors.

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Live ✓
Gas Authority of India Limited

GAIL

Natural gas pipeline EPC, city gas distribution networks, LNG terminals, petrochemical plants. India's largest gas transmission company.

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Live ✓
Nuclear Power Corporation of India

NPCIL

Nuclear plant construction at Kudankulam, Kakrapar, Tarapur and other sites. Civil EPC, mechanical packages, qualified supply.

View NPCIL bond guide →
— 03

State PWDs & urban bodies

~₹4 lakh cr annual procurement
Coming
State Public Works Departments

State PWDs

Maharashtra PWD, Karnataka PWD, Gujarat R&BD, Tamil Nadu Highways, UP PWD, Rajasthan PWD. Acceptance per-state circular.

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Coming
Urban Rail / Metro Corps

Metro Corporations

DMRC, MMRC, BMRCL, CMRL, KMRL, MMRDA. Civil EPC, rolling stock, depot construction, station fit-outs.

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Coming
Municipal Corporations

Municipal Corporations

BMC, MCD, GHMC, BBMP and other city municipal corporations. Road, drain, water supply, solid waste contracts.

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Coming
Smart City SPVs

Smart City SPVs

Smart City special-purpose vehicles across 100 cities. ICT, mobility, water and urban regeneration projects.

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— 04

Specialised regulators & ports

~₹1 lakh cr exposure
Coming
Central Board of Indirect Taxes

Indian Customs (CBIC)

Warehouse bonds, EPCG, advance authorisation, project import bonds. JNPT, Mundra, Chennai, ICDs.

View customs bond guide →
Coming
Major Port Trusts

Port Trusts

JNPT, Mumbai Port, Chennai Port, Cochin Port, Kandla, Visakhapatnam. Berth construction, dredging, container terminal EPCs.

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Coming
Director General of Foreign Trade

DGFT

EPCG, advance authorisation export obligation bonds. Issued at the DGFT Regional Authority of jurisdiction.

View customs/DGFT guide →
Coming
Indian Courts

Court & Judicial Bonds

Appeal bonds, attachment bonds, injunction bonds, probate bonds. High Court commercial divisions across India.

View court bond guide →

Your obligee not listed? We probably still cover it.

Rakshati maintains the current bond-format library across 290+ obligees in India. If your tender accepts surety bonds, we have the format. Send us the tender — quote in 4 hours.