Coal Ministry permits use of insurance surety bonds as replacement for bank guarantees
Image for representational purposes only. | Photo Credit: The Hindu Coal Ministry on Thursday (July 2, 2026) allowed entities-accorded coal blocks to use insurance surety bonds (ISBs) instead of performance bank guarantees (PBGs) to fulfil their obligations for performance surety. “The measure is expected to ease the financial burden associated with conventional bank guarantee arrangements…
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