Pawan Hans sale put on hold by government
Business | May 17, 2022 11:02 ISTThe government had last month selected M/s Star9 Mobility Pvt Ltd as the winning bidder for Pawan Hans.
The government had last month selected M/s Star9 Mobility Pvt Ltd as the winning bidder for Pawan Hans.
PHL is a 51:49 joint venture of the government and ONGC providing helicopter and aero mobility services. ONGC had earlier decided to offer its entire shareholding to the successful bidder identified in the GoI strategic disinvestment transaction, on the same price and terms as government.
The government has extended the preliminary bid submission deadline for buying Pawan Hans by a month till February 18. The Department of Investment and Public Asset Management (DIPAM) had in December invited bids for strategic sale, along with transfer of management control, of helicopter service provider Pawan Hans. The date for bid submission was January 19.
After two unsuccessful attempts, the government on Tuesday invited fresh bids for strategic sale of helicopter services provider Pawan Hans along with transfer of management control.
Having failed to privatise Pawan Hans last fiscal, the government has significantly diluted the terms of sale pertaining to employee retrenchment, asset sale and tax liability to attract bidders this time around, sources said.
The Centre on Thursday invited fresh bids for offloading its stake in Pawan Hans Ltd (PHL). Previously also the government attempted to sell the country's biggest public sector helicopter operator. In PHL, the government holds 51 per cent stake.
Helicopter services provider Pawan Hans is a joint venture between the government, which holds 51 per cent stake, and state-owned ONGC, which owns the remaining 49 per cent shareholding. Pawans Hans has a fleet of 46 choppers.
The chopper company is a 51:49 joint venture between the Civil Aviation Ministry and oil behemoth ONGC.
While the search is on for the remaining one person, the ill-fated Chopper’s VDR too has been recovered, ONGC said in a statement.
The Navy has widened its search operations for the missing crew members of the Pawan Hans helicopter which crashed off the Mumbai coast yesterday.
The chopper Dauphin N3 had gone missing after taking off from Juhu aerodrome at 10.30 AM. The chopper, bearing registration number VT-PWA, was scheduled to land at the designated oil rig at Mumbai High at 11 am.
Seeking to promote helicopter -tourism, Indian Railway Catering and Tourism Corporation and Pawan Hans have joined hands under an agreement that would allow flyers to book tickets through IRCTC website.
New Delhi: State-run chopper operator Pawan Hans has "successfully" completed trial test landing at the country's first heliport in Rohini which is expected to commence operations from May.Pawan Hans carried out a trial landing at
Mumbai: The Coast Guard today recovered the body of one of the two pilots who were missing since their Pawan Hans helicopter crashed into the Arabian sea off the Mumbai Coast last week.The Coast Guard
Mumbai: A day after a Pawan Hans helicopter crashed into the Arabian Sea off Mumbai Coast, Navy and Coast Guard have achieved little success in locating the two missing pilots as poor visibility hampered their
Mumbai: A Pawan Hans helicopter with two pilots onboard crashed into the Arabian Sea shortly after taking off from an ONGC installation in the Mumbai high field this evening, defence sources said.The pilots are missing
Tirap: Eight days after a Pawan Hans helicopter went missing in Arunachal Pradesh, the bodies of Tirap Deputy Commissioner Kamlesh Kumar Joshi and pilots M S Brar and Rajeev Hoskote were on Wednesday spotted in
New Delhi: The wreckage of Pawan Hans helicopter, which went missing after taking off on August 4, has been found in Arunachal Pradesh's Tirap district.“The Air Force has confirmed that the wreckage of the missing
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