Power Grid Corporation of India

Surety bonds for PGCIL transmission EPC.

Bid, performance, mobilisation and retention bonds for PGCIL transmission line, substation and smart-grid EPC contracts. Acceptance confirmed against your specific tender before you bid.

0.55–1.30%indicative premium p.a.
4 hrsindicative quote turnaround
2022building India's surety desk since
Legal basis

PGCIL is a central power-sector PSU. Central PSU procurement increasingly aligns with GFR 2023 Rule 170 — we verify your specific tender before you bid.

— 01 — Contract types

What PGCIL contracts need bonds.

Pan-India transmission capex — line, substation and smart-grid packages.

PGCIL — Power Grid Corporation of India — owns and operates most of India's interstate transmission network, running a continuous pipeline of HV/EHV transmission line, substation and smart-grid contracts across every state. Packages typically include tower supply and erection, line stringing, substation civil and electrical works, and grid automation.

As a central PSU under the Ministry of Power, PGCIL's procurement is increasingly aligned with the GFR 2023 Rule 170 framework already governing surety-bond acceptance at NHAI, CPWD and other central infrastructure bodies. We confirm acceptance against your specific tender before you commit — not after.

— 02 — Bond types

What we place.

Bid bond

Secures your tender bid on line or substation packages.

Performance bond

Guarantees delivery on the awarded EPC contract.

Mobilisation / advance

Frees the mobilisation advance while tracking recovery.

Retention bond

Releases retention money through the defect-liability period.

— 03 — FAQs

PGCIL surety bond questions.

Does PGCIL accept insurance surety bonds?
PGCIL (Power Grid Corporation of India) is a central PSU under the Ministry of Power, and central PSU procurement increasingly aligns with the GFR 2023 Rule 170 framework recognising insurance surety bonds as an acceptable bid and performance security instrument. We confirm acceptance against your specific tender before you bid.
What kind of PGCIL contracts need a surety bond?
HV/EHV transmission line construction, substation EPC, tower supply and erection, and smart-grid packages under PGCIL's pan-India transmission capex programme.
How much does a PGCIL surety bond cost?
Indicative premium is typically 0.55–1.30% of bond face value per year, depending on contract size, tenure and risk grade.
How fast can a PGCIL 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: NTPC bond guide · NHPC bond guide · GAIL bond guide

Have a PGCIL tender? Let's check it.

Send the tender document — we'll confirm acceptance and come back with an indicative rate band in 4 working hours.