EPFO in talks with NHAI to enhance funding for road projects
NEW DELHI: Retirement fund body Employees’ Provident Fund Organisation (EPFO), which burnt its hands with investments in IL&FS and Dewan Housing Finance Corporation LtdNSE -2.10 %, has initiated talks with National Highways Authority of India (NHAI) to enhance funding for highways.
While EPFO has already invested around Rs 10,000 crores via NHAI bonds this year, executives from the retirement fund body met highways minister Nitin Gadkari recently and evinced interest in enhancing the corpus, an official said.
The NHAI is in talks with EPFO, which is looking to invest longterm funds in the road sector, two people aware of the matter said.
