Pawan Hans appoints new chairman and managing director

Pawan Hans appoints new chairman and managing director

12-Feb-2020 Source:

Pawan Hans have announced that Sanjeev Razdan has been appointed as the chairman and managing director (CMD).  Razdan is at present general manager at the operator, the largest in India, and has been appointed as the CMD for a five-year tenure.

Pawan Hans is owned by the Indian Government, 49% by the state-owned Oil & Natural Gas Corporation and 51% directly.  The company continues have many immediate challenges.  In January 2017, the Government approved the sale of its direct 51% stake, and despite three attempts to achieve this between 2017 and 2019, no further progress has been made.
Earlier in 2019, the company circulated its employees to advise them their salaries would not be paid on time one month.  The company is flying less hours due to their dependence on the offshore oil and gas industry, and it would appear that some more fundamental decisions lie ahead for Mr Razdan to secure the long-term future of Pawan Hans.

Jeremy Parkin –

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