bank guarantee News

Innovative Shift: Highways Ministry Prioritizes Tech and Ratings Over Lowest Bids for DPR Projects

The highways ministry is changing how it awards DPR preparation contracts, focusing on firms' technical skills, past project ratings, and bank guarantees instead of the lowest bid....

SECI Lifts 3-Year Ban on Reliance Power: A New Dawn for Renewable Projects?

In a significant development, SECI has withdrawn its three-year ban on Anil Ambani-led Reliance Power (R-Power) from bidding for projects. The ban was imposed due to an alleged inv...