Page 2 - Pawan Hans

Pawan Hans privatisation: Process now moves to concluding stage, says govt

The government has received an undisclosed number of financial bids for sale of its stake in ailing helicopter operator Pawan Hans, moving the divestment process to the last stage. "The financial bids for Pawan Hans disinvestment have been received by the transaction advisor. The process now moves to a concluding stage, DIPAM Secretary Tuhin Kanta Pandey tweeted. He, however, did not disclose the number of bidders. The government is selling its entire 51 per cent stake in Pawan Hans. State-owned Oil and Natural Gas Corporation (ONGC), which holds the remaining 49 per cent, has also offered its entire shareholding in the company for sale along with the government stake. Set up in 1985, Pawan Hans has a fleet of over 40 helicopters and over 900 employees, less than half of them on permanent roles. It provides helicopter services for the exploration activities of ONGC and to India's northeast. For 2019-20, the company reported a net loss of Rs 28 crore, lower than Rs 69 crore in the

Pawan Hans privatisation: Govt gets financial bids in fourth attempt

Till July 2020, the company had 686 employees - 363 regular and 323 contractual

Disinvestment of Air India, Pawan Hans to be completed in 2021-22: FM

FM said in her budget speech that the disinvestment of Air India and Pawan Hans would be completed in 2021-22

After many failed attempts, govt tries its luck again at selling Pawan Hans

Experts say finding a buyer for the company will be a challenge even as it holds value in the oil and gas sector

274 'UDAN' air regional connectivity routes operational: Civil Aviation

At present, the fourth round of 'UDAN' is under process

Pawan Hans launches helicopter flights on Dehradun-Gauchar route in U'khand

Pawan Hans Limited launched helicopter service on the Dehradun-New Tehri-Srinagar-Gauchar route in Uttarakhand under the Central government's regional connectivity scheme UDAN

Fresh EoI will be issued for Pawan Hans disinvestment soon: Minister Puri

On July 11, 2019, the Modi government had issued an EoI to sell its 51% stake in the national helicopter carrier PHL

Govt dilutes terms of sale, tax liability to attract bidders for Pawan Hans

The revised terms of sale have reduced the time period for stripping of assets of Pawan Hans by the buyer to two years, from three years specified earlier

Pawan Hans sale: Govt likely to issue fresh bid document by May-end

The government has decided to make the bid document more attractive after discussions with investors on their concerns

No takers for Pawan Hans; govt's divestment plan fails for second time

Experts say the Centre should look for an IPO to obtain value from the firm

Pawan Hans' bidders to submit offers by March 6 for govt, ONGC's stake

The government holds 51% stake in Pawan Hans, which has a fleet of 46 choppers; remaining 49% is with state-run ONGC

Pawan Hans sale: Shortlisted bidders to soon get final share purchase pact

The government is aiming to complete the strategic sale of Pawan Hans in the current fiscal ending March

Govt has received 'substantial' interest for Pawan Hans: Disinvestment Secy

Secretary Atanu Chakraborty denied that Air India's disinvestment plans were put on the back burner saying the process is a continuing exercise

ONGC board okays stake sale in Pawan Hans, paves way for its privatisation

DIPAM, which floated the offer for sale for government's 51 per cent stake in Pawan Hans twice in the last 10 months, is likely to issue an amended expression of interest (EoI) shortly

Govt to invite bids for 100% stake sale in Pawan Hans as ONGC seeks exit

The government will issue an addendum to the disinvestment document, which it had earlier published to sell its stake before ONGC said it wanted to sell its stake too

Govt to divest entire stake in Pawan Hans, Hindustan Newsprint

Pawan Hans is jointly owned by the Centre and ONGC Ltd, which have an equal 50 per cent stake in the helicopter services provider

Govt's attempt to sell entire 51% stake in Pawan Hans finds no takers

Govt was forced to cancel the stake sale after one of the two shortlisted bidders pulled out of the race citing 'lack of interest'

Pawan Hans divestment plan to be finalised in a week: Govt

In Oct 2016, the CCEA had given its approval for strategic disinvestment of profit-making Pawan Hans

Pawan Hans employee union urges PMO to merge company with ONGC

The union claims to represent around 300 employees of Pawan Hans

Pawan Hans ties-up with HAL to train helicopter pilots

Pawan Hans is a joint venture where state-owned ONGC holds 49 per cent