Centre approves disinvestment of Pawan Hans Helicopters

Dec 17, 2016: The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on October 27, 2016 has given 'in-principle' approval for strategic disinvestment of Central Public Sector Enterprises (CPSEs) including Pawan Hans Limited based on the recommendations of the Core Group of Secretaries on Disinvestment. CCEA has approved the recommendation for disinvestment of 100 per cent shareholding of Government of India to strategic buyer identified through two-stage auction process in the CPSEs including Pawan Hans Limited (PHL). This information was given by Jayant Sinha, Minister of State for Civil Aviation in written reply to a question in Lok Sabha. Pawan Hans, the national helicopter company of India was incorporated in 1985. Presently , Government of India has 51 per cent stake and Oil and Natural Gas Corporation has 49 per cent stake. Pawan Hans was incorporated with the primary objective of providing helicopter support services to the oil sector for its off-shore exploration operations, services in remote and hilly areas and charter services for promotion of tourism. Pawan Hans has a fleet of 46 helicopters.