DMRC · MMRC · BMRCL · CMRL · KMRL

Surety bonds for metro rail contracts.

Bid, performance, mobilisation and retention bonds for metro corporation contracts — civil EPC, rolling stock, signalling, depot construction and station fit-outs. Acceptance confirmed per-tender before you bid.

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5metro corporations
0.55–1.30%indicative premium p.a.
4 hrsindicative quote turnaround
Legal basis

Metro corporations are state/central JV infrastructure PSUs, increasingly aligned with the GFR 2023 Rule 170 framework central bodies use. We confirm your specific tender before you bid.

— 01 — Coverage

Metro corporations we cover.

India's major urban metro rail systems — civil, systems and station-level contracts.

DMRC

Delhi Metro Rail Corporation — India's largest metro network, ongoing phase expansions.

MMRC

Mumbai Metro Rail Corporation — underground and elevated corridor construction.

BMRCL

Bangalore Metro Rail Corporation — Namma Metro phase expansions.

CMRL

Chennai Metro Rail Limited — corridor and station construction contracts.

KMRL

Kochi Metro Rail Limited — extension and systems contracts.

— 02 — Bond types

Every stage of a metro project.

From tender bid through defect-liability closeout.

Bid bond

Secures your tender bid on civil, systems or station packages.

Performance bond

Guarantees delivery on the awarded EPC or supply contract.

Mobilisation / advance

Frees the mobilisation advance while tracking recovery.

Retention bond

Releases retention money through the defect-liability period.

— 03 — FAQs

Metro rail surety bond questions.

Do metro rail corporations accept insurance surety bonds?
Metro corporations are state/central joint-venture PSUs executing large civil EPC and systems contracts, and increasingly align with the GFR 2023 Rule 170 framework that central infrastructure bodies use. Acceptance is confirmed per-tender before you bid, same as any obligee where the format is still catching up.
Which metro corporations does Rakshati work with?
DMRC (Delhi), MMRC (Mumbai Metro Rail Corporation), BMRCL (Bengaluru), CMRL (Chennai) and KMRL (Kochi) — civil EPC, rolling stock, depot and station fit-out contracts.
What types of metro contracts need a surety bond?
Civil construction (viaducts, stations, tunnels), rolling stock supply, signalling and systems packages, depot construction, and station fit-out and finishing works — each stage of a metro project typically carries its own bid and performance security requirement.
How much does a metro rail surety bond cost?
Indicative premium is typically 0.55–1.30% of bond face value per year, depending on contract size, tenure and the specific metro corporation's risk profile.
How fast can a metro corporation bond be issued?
Indicative quote in 4 working hours once we've confirmed the tender's acceptance. Bond document typically issued in 2–5 working days.

Related: State PWD bond guide · Indian Railways bond guide · RVNL bond guide

Have a metro rail tender? Let's check it.

Tell us the contract — civil, systems, or station fit-out. Four working hours later you have an indicative rate band.

Get a metro bond quote → WhatsApp the desk