Pawan Hans plans offshore wing for oil, gas exploration

NEW DELHI: Helicopter service company Pawan Hans plans to create an offshore wing for oil and gas exploration as well as provide services in various offshore areas, including Goa, Lakshadweep and Andaman & Nicobar islands.

In a statement today, Pawan Hans said it has outlined the business expansion plans to its stakeholders.

The company plans to diversify its operations into seaplane, fixed wing operations, development of heliports, heli hubs and MRO apart from having skill development facilities.

Pawan Hans has "proposed to create offshore wing covering oil & gas exploration and providing best in class services in other offshore areas such as Goa, Andaman & Nicobar and Lakshadweep," according to the statement.

Meanwhile, the company today paid a dividend of Rs 3.80 crore to ONGC. The cheque was handed over by Pawan Hans CMD B P Sharma to ONGC CMD D K Sarraf.

Pawan Hans, jointly owned by the government and ONGC, has declared a total dividend of Rs 7.76 crore for 2014-15.

In the last financial year, the company's net operating profit rose to Rs 79.13 crore.