Pawan Hans to have two new directors on its board

State-run chopper operator Pawan Hans is set to expand its board with the induction of two new directors, amid its listing plans.
Pawan Hans Helicopters Limited (PHHL), in which government holds 51 per cent stake and remaining are with the ONGC, currently has six members on its board, including the public sector oil major's CMD B P Sharma.
DGCA chief M Sathiyavathy, Joint Secretary and Financial Advisor in the Civil Aviation Ministry Gargi Kaul, Joint Secretary Usha Padhee, ONGC Director for offshore T K Sengupta and Air Vice Marshal A S Butola are the other members on the PHHL Board.

The two new directors -- one for finance, personnel and administration and the other for operations, are soon going to be inducted, sources said.
Government's head hunter Public Enterprises Selection Board (PSEB) is already in the process of selecting suitable candidates for the two new board positions, they said.
The government-owned chopper operator currently has 43 helicopters in its fleet.

Soon after coming to power in 2014, the NDA Government had announced its plans to get both Airports Authority of India and Pawan Hans listed on the bourses.
In an interview to PTI about three months ago, Civil Aviation Minister Ashok Gajapathi Raju had said "Pawan Hans is in the process of listing. For Pawan Hans, we have initiated the process. We are preparing the ground to do so. Internal process is going on."

On the AAI, Raju had however said his ministry would take some time to get the public airport firm listed on the bourses, while ruling out an IPO at least in this fiscal.