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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.
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Suzuki motorcycles launches new model Burgman Street

Suzuki motorcycles launches new model Burgman Street

19 Jul 2018 | 4:58 PM

New Delhi, July 19 (UNI) Suzuki Motorcycle India has launched the much-awaited Burgman Street - a 125cc scooter.

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Kotak Bank down by 3 69 pc to Rs 1350 25

19 Jul 2018 | 4:54 PM

Mumbai, Jul 19 (UNI) Kotak Bank on Thursday declined by 3.

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Sensex falls by 22 21 pts

19 Jul 2018 | 4:53 PM

Mumbai, Jul 19 (UNI) The benchmark index of Bombay Stock Exchange
(BSE) on Thursday declined by 22.

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V Mart embraces power of Digital HR with PeopleStrong Alt

19 Jul 2018 | 4:28 PM

New Delhi, July 19 (UNI) V Mart announced its move to adopt machine learning and mobile for providing its employees an exceptional experience at work with PeopleStrong, a HR Technology Company.

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SIAM 2-day conclave to address critical issues of automotive logistics sector

19 Jul 2018 | 3:39 PM

New Delhi, July 19 (UNI) A two-day Automotive Logistics Conclave will be held here from July 26.

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