Fortis plans Rs 13 billion capex for hospital expansion
ECONOMY & POLICY

Fortis plans Rs 13 billion capex for hospital expansion

Fortis Healthcare is planning to invest up to Rs 13 billion in expanding capacities at existing hospitals over the next few years. The healthcare provider aims to add around 2,200 beds during this period.

The CFO of Fortis Healthcare, Vivek Goyal, mentioned in an analyst call that some of the capital expenditure had already been incurred in the addition of bed capacity. He further stated that additional capital expenditure, including equipment costs, would be approximately Rs 12 billion to Rs 13 billion. Goyal noted that the healthcare provider was seeking to increase bed capacity at various existing facilities, including hospitals in Faridabad and Anandpur Sahib. Regarding Faridabad, he mentioned that there was available space for expansion, and plans were in place to do so. For Anandpur, he explained that a company with a different land parcel had been acquired, and there were intentions to operationalize it. After expanding the bed capacity by 100 beds, they planned to add another 50 beds in the following financial year.

Additionally, Goyal stated that Fortis was constructing another tower adjacent to the Shalimar Bagh facility, which would provide over 200 beds. He clarified that this expansion was already accounted for in the overall plan to add 2,200 beds. The healthcare provider anticipated commencing its Manesar facility by the second quarter of the current financial year, initially opening 100 beds.

Fortis Healthcare also received approvals to add 100 beds at a facility in Kolkata. Furthermore, they were expecting the occupancy certificate for the Bengaluru facility (BG Road) by the end of the second quarter of the fiscal year.

Currently, Fortis Healthcare operates over 4,500 beds across 28 hospitals in the country.

Fortis Healthcare is planning to invest up to Rs 13 billion in expanding capacities at existing hospitals over the next few years. The healthcare provider aims to add around 2,200 beds during this period. The CFO of Fortis Healthcare, Vivek Goyal, mentioned in an analyst call that some of the capital expenditure had already been incurred in the addition of bed capacity. He further stated that additional capital expenditure, including equipment costs, would be approximately Rs 12 billion to Rs 13 billion. Goyal noted that the healthcare provider was seeking to increase bed capacity at various existing facilities, including hospitals in Faridabad and Anandpur Sahib. Regarding Faridabad, he mentioned that there was available space for expansion, and plans were in place to do so. For Anandpur, he explained that a company with a different land parcel had been acquired, and there were intentions to operationalize it. After expanding the bed capacity by 100 beds, they planned to add another 50 beds in the following financial year. Additionally, Goyal stated that Fortis was constructing another tower adjacent to the Shalimar Bagh facility, which would provide over 200 beds. He clarified that this expansion was already accounted for in the overall plan to add 2,200 beds. The healthcare provider anticipated commencing its Manesar facility by the second quarter of the current financial year, initially opening 100 beds. Fortis Healthcare also received approvals to add 100 beds at a facility in Kolkata. Furthermore, they were expecting the occupancy certificate for the Bengaluru facility (BG Road) by the end of the second quarter of the fiscal year. Currently, Fortis Healthcare operates over 4,500 beds across 28 hospitals in the country.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?