Oil ministry wants PSUs to build 50,000 houses for renting to migrant workers

NEW DELHI: The petroleum ministry has asked oil PSUs such as Indian Oil Corp NSE -0.59 % (IOC) to build 50,000 houses for renting to migrant workers as part of government plan to develop affordable rental housing after millions of labourers fled cities for villages amidst coronavirus lockdown.

The ministry wants IOC and other public sector undertakings (PSUs) under its administrative control such as Hindustan Petroleum Corp Ltd (HPCL), Bharat Petroleum Corp Ltd (BPCL), GAIL India Ltd and Oil and Natural Gas Corp (ONGC) to build the housing units on the land they have, three officials who attended a meeting on the subject said.