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
Infrastructure Transport

PM to Inaugurate Indore Metro Phase 1 and Datia Satna Airports on May 31

Prime Minister Narendra Modi is scheduled to inaugurate the first phase of the Indore Metro Rail project, along with the Datia and Satna airports, via video conferencing during his visit to Bhopal on May 31, according to a senior Madhya Pradesh cabinet official.During his day-long visit to Bhopal, the Prime Minister will also participate in a conference organized to commemorate the 300th birth anniversary of Devi Ahilyabai Holkar, the historic queen of the Malwa kingdom, now part of Madhya Pradesh, as stated by the Parliamentary Affairs Minister and Cabinet spokesperson Kailash Vijayvargiya.It..

Next Story
Infrastructure Transport

Kochi Metro Holds Talks with BPCL to Restore Greenery on Medians

Kochi Metro Rail (KMRL), facing increasing criticism for not maintaining the green spaces along the medians in the metro corridor, has initiated discussions with Bharat Petroleum Corporation (BPCL) and the Ernakulam District Horticulture Society to revive the project.Sources reveal that KMRL is also making fresh efforts to find sponsors to care for and maintain the gardens located between the metro pillars. Previously, several sponsors had withdrawn, which led to the neglect of these green areas.There are 989 medians along the 28-km Kochi Metro stretch. Of these, 465 are under the National Hig..

Next Story
Infrastructure Transport

Rajasthan CM Approves DPR for Jaipur Metro Phase-2 Expansion

Rajasthan Chief Minister Bhajanlal Sharma approved the detailed project report (DPR) of Jaipur Metro Phase-2 and forwarded it to the Central Government.The construction work for the project is set to begin once the Union Ministry of Housing and Urban Affairs grants approval to the DPR.Phase 2 of Jaipur Metro had been announced in the state budget for 2025-26.The project, covering a 42.80-km stretch from Todi Mode to Prahladpura, will be implemented by the Rajasthan Metro Rail Corporation—a newly formed 50:50 joint venture between the state and Central governments. The corporation will be res..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?