ONGC to increase its stake in Pawan Hans

NTPC will also invest Rs 55 crore

Travel News
Travel News

ONGC has decided to increase its stake in Pawan Hans Helicopters from 21.5% to 49% by infusing an additional Rs 96 crore. “The boards of both companies have given their sanction for ONGC to raise its stake to 49%. NTPC will also invest Rs 55 crore,” said Pawan Hans CMD R K Tyagi.

The announcement was made in Mumbai on Monday where Jal Hans, the first scheduled amphibian flight operation in India, was launched. 

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