CPSE strategic sale: Govt makes security clearance mandatory for all bidders
The government has lined up sale of its majority stake along with management control in BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam in the next fiscal.
Multiple interests received for Pawan Hans: Govt
“Multiple expressions of interest have been received for privatisation of Pawan Hans Limited...
Govt extends bid submission deadline for Shipping Corp to March 1
The Department of Investment and Public Asset Management (DIPAM) in Decembe...
Confident that disinvestment calendar will work well, non-tax revenues to improve in FY22: FM
The government is targeting to conclude strategic sale of BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam Ltd, in the next fiscal.
Budget 2021: India’s top steel and cement cos to benefit from NIP, disinvestment & infrastructure push
The government has done a balancing act of infrastructure development between the rural and urban areas which will again have a positive impact on the economy and the society at large, Narendran added.
Budget2020-2021: Govt allocates funds to service Air India debt and regional flights
While allocation to AIAHL for 2021-22 has increased marginally to Rs 2,268.99 crore from Rs 2,215.50 crore during the current fiscal, allocations for Ude Desh ke Aam Nagrik (UDAN) scheme has reduced from Rs 700 crore from the current year to Rs 600 crore.
Air India disinvestment to be completed in 2021-22; Rs 3,224 cr allotted to aviation ministry
Air India Asset Holding Ltd, a special purpose vehicle (SPV), has been set up as part of financial restructuring of the debt-laden national carrier. According to documents presented in the Budget for 2021-22, Rs 2,268 crore has been allocated for the SPV for the next financial year.
Government extends bid deadline for Pawan Hans by a month to February 18
The government owns 51 per cent stake in Pawan Hans, while Oil and Natural Gas Corp (ONGC) holds the remaining 49 per cent. ONGC has decided to offer its entire shareholding in the company for sale along with the government stake.
Pawan Hans narrows FY20 loss to Rs 28 cr; revenue declines for fourth year in a row
Revenue for the year decreased to Rs 356 crore from Rs 381 crore a year earlier, showed the information memorandum document floated by the government to invite expressions of interest to invest in the company.
Govt invites EoIs for Pawan Hans strategic divestment
The ONGC Board has decided to sell its entire shareholding at the same derived price per share and on the same terms and conditions as determined by the government.
Govt invites fresh bids for Pawan Hans sale
The government owns 51 per cent stake in Pawan Hans, while Oil and Natural Gas Corp (ONGC) holds 49 per cent stake.
Domestic air passenger volume falls 57 pc to 52.71 lakh in October
The average load factor of nine domestic airlines, which operated flights during the month, was at 59.2 per cent, with scheduled commuter airline Star Air clocking the best PLF at 71.6 per cent.
Pawan Hans launches helicopter flights on Dehradun-Gauchar route in U'khand under UDAN scheme
"With this, we have added six more routes and two heliports at New Tehri and Srinagar," Civil Aviation Minister Hardeep Singh Puri said. Puri noted that these routes provide a much-needed air connectivity to the people of the hill state and the cost for availing the service is affordable.
Pawan Hans divestment: Third extension in three months
The earlier deadline for submitting the EoIs expired Thursday.
Government sweetens deal to attract bidders for Pawan Hans
Now, the successful bidder would be required to retain all permanent employees for a period of at least a year.