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Business Economy


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.
UNI ADP SHK 1810
More News

KIAL announces launch of new fund

19 Mar 2019 | 6:38 PM

Kolkata, Mar 19 (UNI): Kotak Investment Advisors Limited (‘KIAL’) today announced that it has launched a new fund which will partner with DivyaSree Developers (‘DivyaSree’), a leading Bengaluru-based real estate developer, to develop and acquire commercial office assets across India.

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MARKET-GUJ-BULLION

19 Mar 2019 | 6:18 PM

Ahmedabad, Mar 19 (UNI) The Ahmedabad Bullion market showed a
divergent trend here today.

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MARKET-GUJ-GRAIN

19 Mar 2019 | 6:17 PM

Ahmedabad, Mar 19 (UNI) The Ahmedabad grain market ruled steady
here today.

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MARKET-GUJ-SUGAR

19 Mar 2019 | 6:14 PM

Ahmedabad, Mar 19 (UNI) The Ahmedabad Sugar market ruled steady
here today.

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MARKET-GUJ-GUR

19 Mar 2019 | 6:13 PM

Ahmedabad, Mar 19 (UNI) The Ahmedabad Gur market ruled steady
here today.

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