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Pawan Hans Pays Dividend to Government of India

Pawan Hans has paid dividend to GOI and ONGC of Rs.7.71 crores for the financial year 2013-14 on 1st May, 2015 at Ministry of Civil Aviation, Rajiv Gandhi Bhawan, New Delhi and also outlining the business plan for the financial year 2015-16. The cheque was presented to the Hon’ble Minister of Civil Aviation Sh.Ashok Gajapathi Raju Pusapathi by Dr. B.P Sharma, Chairman and Managing Director, Pawan Hans in the presence of Hon’ble Minister of State for Civil Aviation Dr.Mahesh Sharma,Sh. V. Somasundaran, Secretary, Civil Aviation and other senior officials of Ministry and Pawan Hans.

During the dividend ceremony, MOU for 2015-16 was signed between Sh.V. Somasundaran, Secretary, MoCA and Dr.B.P Sharma, Chairman and Managing Director, Pawan Hans Limited in the presence of other senior officials of the ministry and the company. As per the MOU, Ministry of Civil Aviation would facilitate Pawan Hans Limited to achieve its projected growth by supporting the corporation to increase its credit worthiness and enable it to achieve its social objectives by providing the necessary policy support.

PHL has achieved flying of more than 7 lakhs hours and 25 lakhs landings on its fleet since its formation. Pawan Hans has its own fleet of 46 helicopters, comprising of 35 Dauphin N&N3, 8 Bell 206L4, 407 & B3 and 3 MI-172 helicopters, besides 7 Dhruv (ALH) helicopters. PHL is playing a pivotal role in providing air connectivity across the country by way of regular passenger services, charter services and operations for vital offshore support to the oil & gas sector.

In the financial year 2013-14, Pawan Hans has achieved operating revenue of Rs. 529.59 crores as against Rs.465.25 crores in 2012-13. The operating profit has increased Rs.73.03 crores from Rs.39.64 crores and net profit after tax was Rs.38.57 crores against Rs.11.70 crores in the year 2012-13.

Looking Ahead
PHL, by leveraging its expertise, capabilities in Helicopter Operations and successful safety track record, diversifying its operations into high potential sectors of Heliports/Helipads, Seaplane operation, small Fixed Wing aircraft and MRO. It is also targeting specific project segments and industries where
lies huge potential for growth:

• PHL is preparing a Business plan keeping in view the industry trends, future challenges and growth opportunities of India Aviation sector in helicopters, Seaplanes, Small Fixed Wing Aircraft and development of Heliports and MRO facilities under “Make in India” initiatives.

• Fleet acquisition under options of leasing and procurement routes through which 20 new helicopters in various categories like light, medium and heavy and 2 seaplanes will be procured to meet new business requirement and replacement of old helicopters.

• Prospects for IPO are reviewed with SBICap and work plan for the same is being prepared with a time bound manner.

• PHL is construction a Heliport in Rohini, Delhi which is First in the Country. Independent internal committee has been constituted for monitoring Heliport progress. PDC for completion is 16th Feb 2016. Efforts are being made to complete the project within stipulated timeframe.

• Pawan Hans intends to manage and operate to develop more such Heliports to promote Regional Connectivity in various parts of the country through Viability Gap Funding model with State and Central Government.

• Pawan Hans plans to venture into MRO business. MRO facility is being planned to be established in Rohini at Delhi and Hadapsar at Pune through PPP model revenue based model.

• New safety department structure has been put in place for close monitoring and implementation of Safety Management System, Flight Data Monitoring System, Pilot training etc., to ensure accident/incident free flying.