PSUs eye EPFO funds
Jan 10 2017 , New Delhi
It being a pension fund, EPFO invests its corpus in long-term funds like state and central government bonds. PSUs too need such funding to implement their infrastructure projects, which have mostly longer pay back period.
At least seven PSUs, including Indian Oil, ONGC, Coal India and Power Finance Corporation, have approached the Employee Provident Fund Oragnisation (EPFO) for investment, labour minister Bandaru Dattatreya said on Tuesday.