Reliance to buy choppers

Oil major Reliance Industries (RIL) is in the market for buying helicopters to cater to the huge increase in its offshore operations in the Krishna-Godavari basin. The company has put out a requirement for three helicopters, expected to cost $20-25 million.

Most oil & gas companies prefer to charter choppers for their requirements, but RIL seems to be going with a combination of owned and chartered machines. India’s largest oil and gas company, ONGC for instance, owns a part of helicopter company Pawan Hans.

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