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PSU MARKET

Govt. all set to sell Pawan Hans

Gaurav Agrawal, New Delhi
13/10/2017   0 Comments

In a latest development of the disinvestment drive, the government has invited bids from private companies, including foreign ones, to buy out its entire 51 per cent stake along with management control in helicopter service operator Pawan Hans Ltd.

The Miniratna PSU is under the administrative control of the civil aviation ministry and the remaining 49 per cent stake is held by oil behemoth ONGC, Bureaucracy Today reports.

As per the information available with Bureaucracy Today, the strategic disinvestment plan to sell the entire stake of the government includes a host of PSU’s like Hospital Service Consultancy Corporation (HSCC), Engineering Projects (India) Ltd (EPI) and National Projects Construction Corporation (NPCC).

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.
 

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