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Pawan Hans

Pawan Hans sale: Government to issue fresh bid document, to indemnify buyers of contingent liability

Pawan Hans sale: Government to issue fresh bid document, to indemnify buyers of contingent liability

Mon, May 20, 2019

The government has decided to make the bid document more attractive after discussions with investors on their concerns as the sale process of Pawan Hans failed to attract any suitor when bidding ended on March 6.

After Jet Airways, Pawan Hans faces financial crunch; salaries for April on Hold

After Jet Airways, Pawan Hans faces financial crunch; salaries for April on Hold

Mon, Apr 29, 2019

Pawan Hans' management released a circular for its employees on April 25, stating that the company is not in a sound position to release salaries of the employees for April due to "uncomfortable financial position in Pawan Hans.

Pawan Hans strategic sale: Govt to keep the process on hold till General elections

Pawan Hans strategic sale: Govt to keep the process on hold till General elections

Mon, Apr 22, 2019

Pawan Hans strategic sale: In April last year, the government had issued the information memorandum for the 51 per cent strategic stake sale in Pawan Hans and had sought expression of interest from interested bidders by June 18.

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Usha Padhee takes additional charge of Pawan Hans' interim CMD

Usha Padhee takes additional charge of Pawan Hans' interim CMD

Sun, Apr 07, 2019

"Usha Padhee, joint secretary@Moca has taken over as the chairman and managing director of Pawan Hans Limited. She is the first woman CMD of the company," Pawan Hans said in a tweet on Sunday.

Financial bids for Pawan Hans to be submitted by March 6

Financial bids for Pawan Hans to be submitted by March 6

Sun, Mar 03, 2019

The MoCA will be then send the reserve price to the Evaluation Committee, which comprise financial advisors and Joint Secretaries from the Department of Investment and Public Asset Management (DIPAM) and the administrative ministry, CMD of the CPSE.

Pawan Hans sale: Bidders to soon get final share purchase pact

Pawan Hans sale: Bidders to soon get final share purchase pact

Sun, Feb 17, 2019

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

Pawan Hans staffers forum alleges irregularities in disinvestment process

Pawan Hans staffers forum alleges irregularities in disinvestment process

Sun, Nov 04, 2018

Pawan Hans Ltd's staffers body PHJEF has alleged irregularities in the company's ongoing disinvestment process and has urged the civil aviation ministry to "re-fix" the bidding norms/ eligibility criteria.

Merge Pawan Hans with Hindustan Aeronautics: Officers union

Merge Pawan Hans with Hindustan Aeronautics: Officers union

Mon, Oct 01, 2018

Urging the government not to privatise profit-making Pawan Hans Ltd, the state-run chopper operators officers union has proposed the company's merger with defence PSU Hindustan Aeronautics Ltd (HAL).

Pawan Hans disinvestment: Centre to put 100% stake up for sale

Pawan Hans disinvestment: Centre to put 100% stake up for sale

Mon, Aug 06, 2018

The government will soon invite fresh bids for 100% stake sale in Pawan Hans by issuing an addendum to the disinvestment document as Oil and Natural Gas Corp (ONGC) is ready to sell its entire stake in the company, an official said.

ONGC prefers to sell its entire 49 pct stake in Pawan Hans: Jayant Sinha

ONGC prefers to sell its entire 49 pct stake in Pawan Hans: Jayant Sinha

Wed, Aug 01, 2018

According to the minister, the shortlisting process of the interested bidders is underway. Citing a guidance note on strategic disinvestment issued by the Department of Investment and Public Asset Management (DIPAM), Sinha said that the transaction advisor should strictly maintain the confidentiality of the potential bidders.

This stock was the star performer of the day even as Sensex tanked 146 points

This stock was the star performer of the day even as Sensex tanked 146 points

Wed, Jul 18, 2018

The Sensex and Nifty pared all their early gains to settle lower on Wednesday. However, there was one stock that held its ground all through the day, rising as much as 5.5 per cent and settling nearly 3 per cent higher. Needless to say, the stock was the top gainer on both Sensex and Nifty.

Recruitment 2018: Application invited for Station Manager posts

Recruitment 2018: Application invited for Station Manager posts

Tue, Jul 17, 2018

Recruitment 2018: Pawan Hans has issued a notification for the recruitment to the post of Station Manager (RCS

Pawan Hans recruitment 2018: Applications invited on pawanhans.co.in for 10 posts under Cadet Pilot Scheme

Pawan Hans recruitment 2018: Applications invited on pawanhans.co.in for 10 posts under Cadet Pilot Scheme

Sat, Jun 23, 2018

Pawan Hans recruitment 2018: Pawan Hans, a joint venture between the central government and ONGC, has invited applications for the recruitment of professionals under the Pawan Hans Cadet Pilot Scheme

Pawan Hans stake sale: Govt receives bids for helicopter service provider

Pawan Hans stake sale: Govt receives bids for helicopter service provider

Wed, Jun 20, 2018

Pawan Hans stake sale: The government might be struggling to find bidder for loss-making Air India bids, it has however received bids for helicopter services provider Pawan Hans.

Now, travel from Shimla to Chandigarh in just 20 min

Now, travel from Shimla to Chandigarh in just 20 min

Tue, Jun 05, 2018

The Heli-taxi service was flagged off by Himachal Pradesh Chief Minister Jai Ram Thakur on Monday from the Jubbar- hatti airport, 22 km from Shimla. The heli -taxi service will be available on Mondays and Fridays for now

Pawan Hans stake sale: Govt receives 42 queries from bidders

Pawan Hans stake sale: Govt receives 42 queries from bidders

Tue, Jun 05, 2018

Pawan Hans stake sale: The queries from interested bidders come against the backdrop of the government receiving a major setback last week as it received no preliminary bids for the strategic sale of its stake in Air India.

Summer vacations: Going to Shimla? Starting soon, take helicopter from Chandigarh

Summer vacations: Going to Shimla? Starting soon, take helicopter from Chandigarh

Tue, May 29, 2018

Summer vacations are here and Shimla is one of the most preferred destinations for holiday makers in North India. While the roads are good, those travellers who want to get to their destination fast, will soon have the option of travelling on a helicopter too

Udan: Pawan Hans' plans under regional connectivity scheme run into rough weather amid divestment

Udan: Pawan Hans' plans under regional connectivity scheme run into rough weather amid divestment

Mon, May 07, 2018

The disinvestment process should not come as a roadblock in the business expansion plans of the company, he further said. After announcing its plans to privatise the profit-making aviation entity in 2016, the government came out with Preliminary Memorandum of Information (PMI) for inviting expression of interest in 2017. However, as it failed to attract enough bidders, the PMI was subsequently cancelled and a fresh one was issued in lieu of that early last month.

Pawan Hans sale: Chopper operators' union opposes move, writes to PMO to look at IPO instead

Pawan Hans sale: Chopper operators' union opposes move, writes to PMO to look at IPO instead

Sun, Mar 25, 2018

Stating that the Pawan Hans is a profit-making entity since its inception and has been paying dividend each year, the union said "as per existing disinvestment policy, those units having a positive net worth, no accumulated losses and having earned net profit for three preceding consecutive years be required to achieve the mandatory listing norms of 25 per cent public holding for listing on the stock exchange..." Pawan Hans has been paying dividends to both government and ONGC, it said, adding, "total dividend it has paid out till date is Rs 2,345 crore from 1995-96 to 2015-2016 while the total taxes paid stand Rs 480 crore during this period."

ONGC to bar key executives from flying together in choppers

ONGC to bar key executives from flying together in choppers

Sun, Mar 11, 2018

ONGC lost five key operational personnel when a Pawan Hans helicopter crashed in the Arabian Sea in January

Govt invites private players to buy out 51% in helicopter service firm Pawan Hans

Govt invites private players to buy out 51% in helicopter service firm Pawan Hans

Fri, Oct 13, 2017

The government plans to raise Rs 15,000 crore via strategic sale in the current fiscal out of its total disinvestment target of Rs 72,509 crore.

Pawan Hans to start helicopter services for Delhi tourism from 1 April

Pawan Hans to start helicopter services for Delhi tourism from 1 April

Fri, Mar 24, 2017

Pawan Hans to start helicopter services for Delhi tourism from 1 April. Watch the full segment for more details

Govt moves swiftly for disinvestment of 3 PSUs to meet target

Govt moves swiftly for disinvestment of 3 PSUs to meet target

Fri, Jan 13, 2017

The government is in talks with transaction advisors from reputed professional consulting firms, investment and merchant bankers and financial institutions for the disinvestment.

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