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.