A look at surety bond usage in GAIL projects

Surety Bond GAIL / (Gas Authority of India Limited), is a special kind of surety bond designed especially for transporting gas companies in India. Natural gas delivery projects need financial verification. Gas Authority of India Limited, abbreviated as GAIL, is the national PSU undertaking of that stores, transports, and distributes natural gas within the country. The contractors who execute jobs under the banner of GAIL need to raise a surety bond. That will help to recover the losses due to time overruns and abandonment of projects. More information at the website.