At present, the fourth round of 'UDAN' is under process
Pawan Hans Limited launched helicopter service on the Dehradun-New Tehri-Srinagar-Gauchar route in Uttarakhand under the Central government's regional connectivity scheme UDAN
On July 11, 2019, the Modi government had issued an EoI to sell its 51% stake in the national helicopter carrier PHL
The revised terms of sale have reduced the time period for stripping of assets of Pawan Hans by the buyer to two years, from three years specified earlier
The government has decided to make the bid document more attractive after discussions with investors on their concerns
Experts say the Centre should look for an IPO to obtain value from the firm
The government holds 51% stake in Pawan Hans, which has a fleet of 46 choppers; remaining 49% is with state-run ONGC
The government is aiming to complete the strategic sale of Pawan Hans in the current fiscal ending March
Secretary Atanu Chakraborty denied that Air India's disinvestment plans were put on the back burner saying the process is a continuing exercise
DIPAM, which floated the offer for sale for government's 51 per cent stake in Pawan Hans twice in the last 10 months, is likely to issue an amended expression of interest (EoI) shortly
The government will issue an addendum to the disinvestment document, which it had earlier published to sell its stake before ONGC said it wanted to sell its stake too
Pawan Hans is jointly owned by the Centre and ONGC Ltd, which have an equal 50 per cent stake in the helicopter services provider
Govt was forced to cancel the stake sale after one of the two shortlisted bidders pulled out of the race citing 'lack of interest'
In Oct 2016, the CCEA had given its approval for strategic disinvestment of profit-making Pawan Hans
The union claims to represent around 300 employees of Pawan Hans
Pawan Hans is a joint venture where state-owned ONGC holds 49 per cent
Pawan Hans is a joint venture between the Centre and ONGC with the former holding 51 per cent stake
Pawan Hans is a joint venture where state-owned ONGC holds 49%
Copter service firm plans to hit bourses by end-2017 or early-2018 to raise around Rs 350 crore
Pawan Hans operates a mix of around 50 Dauphin and Bell helicopters