Pawan Hans declares Rs 7.76 cr dividend

Minister for Civil Aviation P Ashok Gajapathi Raju received a cheque of Rs 3,95,84,735 from B P Sharma, Chief Managing Director, Pawan Hans Ltd, as dividend for the year  2014-15. R N Choubey Secretary Civil Aviation and other senior officials of the Ministry of Civil Aviation and Pawan Hans were also present on the occasion. Pawan Hans has declared a dividend of Rs 7.76 crore for the financial year 2014-15. A cheque of Rs 3, 80, 15,265 has also been paid to ONGC as being 49% shareholder of PHL.

Pawan Hans has been making profit since 1992 and has paid Rs 223.69 crores dividend as on 2014-15. For the financial year 2014-15 PHL’s operating revenue increased to Rs 538.15 crores (Rs 529.57 crores in the previous year). 

The net operating profit for 2014-15 is Rs 79.13 crores against Rs 73.03 crores in the year 2013-14. This year the company has managed to turn around with net profit after tax of Rs 38.81 crores against Rs 38.57 crores during previous year and has declared dividend at 20% of the net profit after tax (i.e. Rs 38.81 crores) to the Union Government and ONGC. In the paid up share capital of the company of Rs 245.62 crores, the President of India through Ministry of Civil Aviation holds Rs 125.266 crores (51%) and ONGC holds Rs 120.35 crores (49%).    

Pawan Hans is a Mini Ratna-I category PSU and is India’s largest helicopter operator as also one of the Asia’s biggest operators. It 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 43 helicopters, comprising of 17 Dauphin N, 15 Dauphin N3, 3 MI-172, 3 Bell 206 L4, 3 Bell 407 and 2 AS 350 B3 helicopters.  It also operates and maintains 6 Dhruv helicopters belonging to BSF and HAL. The operating and maintenance standards of Pawan Hans are one of the highest in the world.