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Govt scraps old bidding process for Pawan Hans, will issue fresh soon

New Delhi, Apr 7 (UNI) Government has scrapped the old bidding process of Public Sector Enterprises Pawan Hans and will invite fresh bid for the strategic disinvestment in the copter Company soon.
In this regard, Ministry of Civil Aviation has issued a notice and said, “With reference to the captioned subject, the “Preliminary Information Memorandum for inviting Expression of Interest” issued on 13th October 2017 has been cancelled. Further details in this regard will be issued shortly on this website.”
The chopper company is a 51:49 joint venture between the Government of India and oil and Gas giant ONGC.
Last year, the government had invited bids from private companies, including foreign ones, to buy out its stake along with management control in helicopter service operator Pawan Hans Ltd (PHL).
Last week Minister of State for Civil Aviation Jayant Sinha too had said that his Ministry will go for fresh bidding.
In October last year, in a “global invitation for expression of interest”, the government had asked private players to submit the bids by December 8.
More News

Kottayam-Kochi Rubber Market Rates

21 Sep 2018 | 7:19 PM

Kottayam, Sep 21 (UNI) Following were the Rubber Market rates
announced by the Rubber Board here today per quintal.

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Foreign exchange reserves balloons to $400 48 bln

21 Sep 2018 | 6:51 PM

Mumbai, Sep 21 (UNI) The foreign exchange reserves of the country increased after two weeks and rose to 400.

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CEAT launches SecuraDrive Tyres for cars in India

21 Sep 2018 | 6:25 PM

New Delhi, Sep 21 (UNI) Tyre manufacturering giant CEAT Ltd on Friday announced the launch of its new high speed range of CEAT SecuraDrive tyres.

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CAIT demands Govt promulgate ordinance to check sealing in Delhi

21 Sep 2018 | 6:22 PM

New Delhi, Sep 21 (UNI) After the intensifying sealing drive by monitoring committee in Delhi and the Supreme Court deferring the matter of Master Plan amendments to February 2019, the Confederation of All India Traders has demand that the Central government promulgate an Ordinance to protect the city from sealing.

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Kakinada Co-op town bank gets second place in AP

21 Sep 2018 | 6:19 PM

Kakinada, Sep 21(UNI) The Kakinada cooperative town Bank Limited (KCTB) ever since its inception in 1980 has been getting profits and now occupied second place among the 43 such banks in Andhra Pradesh.

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