NEW DELHI :
State-owned helicopter operator Pawan Hans Ltd plans to broaden its fleet and flight providers with an intention to show worthwhile forward of its privatization.
Whereas the Union authorities holds 51% in Pawan Hans, state-run Oil and Pure Fuel Corp. Ltd has a 49% stake.
The corporate is anticipated to make a internet revenue within the monetary 12 months beginning 1 April, Pawan Hans chairman and managing director Sanjeev Razdan stated in an interview. He stated that the corporate has recorded an working revenue in FY22 thanks to varied cost-cutting measures, together with a 15% discount in worker allowances.
‘“We hope to realize internet revenue by the tip of subsequent monetary 12 months,” Razdan stated on the sidelines of the Wings India 2022 occasion in Hyderabad.
He stated that Pawan Hans will take lease six Sikorsky S-76D helicopters to largely help the onshore and offshore operations of ONGC. “Two of the six helicopters will quickly be inducted into our fleet, whereas the remaining will likely be inducted within the coming months,” Razdan stated.
Pawan Hans has a fleet of 41 helicopters, which incorporates Dauphin N and N3, MI 172, AS350 and Bell helicopters.
In addition to ONGC’s operations, the corporate operates flights for state governments and pilgrimage. It additionally presents providers for search and rescue operations, VIP transportation, company and particular constitution providers, and some flights underneath the Centre’s regional connectivity scheme.
Pawan Hans reported an working lack of ₹27.12 crore and a internet lack of ₹33.15 crore in FY20 amid the pandemic. The corporate, nevertheless, turned a nook to report an working revenue of ₹27.78 crore in FY21 on the again of a internet lack of ₹17.70 crore through the interval.
In February, Mint reported that the federal government has acquired bids from potential buyers for Pawan Hans, which had been to be evaluated by the transaction advisor.
Tuhin Kanta Pandey, secretary, division of funding and public asset administration (Dipam), which is overseeing the corporate’s divestment course of, stated ONGC and the federal government will promote their stake at an agreed upon value to the best bidder.
Supply: Live Mint