Pawan Hans declares Rs 7.76 crores dividend
Civil Aviation minister P. Ashok Gajapathi Raju received a cheque of Rs 3,95,84,735 from Dr. B.P. Sharma, Chief Managing Director, Pawan Hans Ltd (PHL), as dividend for FY2014-15.
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.
A cheque of Rs 3, 80, 15,265 has also been paid to ONGC as being 49% shareholder of PHL.
PHL has been making profit since 1992 and has paid Rs 223.69 crores dividend as on 2014-15.
For FY 2014-15, PHL’s operating revenue increased to Rs 538.15 crores compared to Rs 529.57 crores posted in 2013-14.
The net operating profit for 2014-15 is Rs.79.13 crores against Rs.73.03 crores in the year 2013-14.
In FY 2014-15 the company has managed to turn around with net profit after tax of Rs 38.81 crores against Rs 38.57 crores during 2013-14 and has declared dividend at the rate of 20% of the net profit after tax to Govt. of India and ONGC.
Of PHL's paid up share capital 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.
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