Thursday, February 02, 2017

Profit-making Pawan Hans pays Rs 5.52 crore dividend to govt

New Delhi: State-run chopper operator Pawan Hans has paid Rs 5.52 crore to the government as dividend after it reported a net profit of Rs 36.08 crore for the 2015-16 fiscal year.
The dividend cheque was presented to Civil Aviation Minister Ashok Gajapathi Raju at a function held here yesterday which was also attended by Pawan Hans chairman and managing director B P Sharma, civil aviation secretary R N Chobey and other senior officials, an official release said.
The minister on this occasion also launched Pawan Hans’ re-designed website and mobile app for convenient and user- friendly booking of its chopper services by customers, it said.
The government owns 51 per cent in Pawan Hans through the civil aviation ministry while 49 per cent stake is with another state-run entity, ONGC. Set up in 1985, Pawan Hans currently has a fleet of 46 helicopters.
Significantly, the government has already announced its plans to sell its stake in the firm and transfer the management control of the helicopter service operator.
01/02/17 PTI/India.com
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