PAWAN HANS

July 12, 2019

Centre issued a fresh bid document for strategic disinvestment in Pawan Hans.

About:

The government holds 51 per cent stake in Pawan Hans, which has a fleet of 43 helicopters. The remaining 49 per cent stake is with Oil and Natural gas Corporation (ONGC).
This is the third time in last 16 months; the government has sought to attract a buyer for Pawan Hans, which is estimated to have posted the loss to the tune of 72.42 crore rupees in the previous fiscal.
The last date for submission of Expression of Interest (EoI) is 22nd August and intimation to the short-listed bidder is 12th

Source : All India Radio

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