With its previous offers to sell Pawan Hans finding no takers, the Centre is looking to reduce the liabilities of the helicopter firm before inviting fresh expression of interest (EoI) soon.
“The government is likely to take some decisions to reduce liabilities and risks associated with the company,” an official told FE. The Centre owns Pawan Hans in a 51:49 ratio with the state-run oil explorer ONGC.
As on March 31, 2018, Pawan Hans had `253-crore non-current liabilities, including a `202-crore deferred income tax liabilities and loans of `19 crore. It had another `210-crore current liabilities, including trade payables of `110 crore in FY18.
