Jupiter Hospitals Buys Land for New Hospital; To Add 300 Beds
ECONOMY & POLICY

Jupiter Hospitals Buys Land for New Hospital; To Add 300 Beds

Jupiter Hospitals has acquired land to expand its operations, aligning with its strategic growth objectives. The new hospital, with an estimated capital expenditure of Rs 4 billion, will add 300 beds to the chain’s operational capacity. The project is set to be completed in four years. 

The funding for the land purchase has been covered through internal accruals, while the financing for the hospital's construction will be determined after obtaining necessary approvals. The hospital will cater to underserved areas in Dahisar, Mira Bhayandar, and Vasai Virar Municipal regions. 

Currently, Jupiter Hospitals, along with its subsidiary, operates 1,061 beds as of January 1, 2025. CEO Ankit Thakker had earlier mentioned plans to double the company's bed capacity over the next three to five years, which is expected to lead to a similar increase in revenue. 

Thakker also revealed that 1,000 beds are already under construction, with 500 beds in the Palava region of Mumbai Metropolitan Region (MMR) and another 500 in Pune. The company is also exploring more opportunities in western India. 

(The Hindu)       

Jupiter Hospitals has acquired land to expand its operations, aligning with its strategic growth objectives. The new hospital, with an estimated capital expenditure of Rs 4 billion, will add 300 beds to the chain’s operational capacity. The project is set to be completed in four years. The funding for the land purchase has been covered through internal accruals, while the financing for the hospital's construction will be determined after obtaining necessary approvals. The hospital will cater to underserved areas in Dahisar, Mira Bhayandar, and Vasai Virar Municipal regions. Currently, Jupiter Hospitals, along with its subsidiary, operates 1,061 beds as of January 1, 2025. CEO Ankit Thakker had earlier mentioned plans to double the company's bed capacity over the next three to five years, which is expected to lead to a similar increase in revenue. Thakker also revealed that 1,000 beds are already under construction, with 500 beds in the Palava region of Mumbai Metropolitan Region (MMR) and another 500 in Pune. The company is also exploring more opportunities in western India. (The Hindu)       

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Viaduct and Piers Work Completed: NHSRCL

The Mumbai-Ahmedabad bullet train project, India's first high-speed rail corridor, has reached significant construction milestones with more than 300 km of viaduct completed and ongoing progress on trackbed works.The National High Speed Rail Corporation (NHSRCL), the implementing agency for the project, reported that 304 km of viaduct and 388 km of pier work have been finished. Additionally, the construction of 14 river bridges, 7 steel bridges, and 5 prestressed concrete bridges has been completed.Trackbed construction is advancing steadily, with 163 km completed so far. The Vapi bullet train..

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Project Slab Casting Starts at Virar Station

The Mumbai-Ahmedabad Bullet Train Project has advanced with the commencement of casting the first slab at the Virar Bullet Train station. A total of nine slabs will be constructed at this level, which will serve as the foundation for track laying at the station.The Virar Bullet Train station is designed to have two levels—a concourse level and a rail level—extending to a total length of 425 meters.The first slab cast measures 50 meters in length and 35.32 meters in width, with an approximate thickness of 300 mm. This slab required 1,555 cubic meters of concrete.In recent developments, the ..

Next Story
Infrastructure Transport

Konkan Railway Plans Ro-Ro Train Service to Transport Cars

The Konkan Railway (KR) is considering the possibility of introducing a special roll-on/roll-off (Ro-Ro) train service for car transportation during the upcoming Ganapati festival, provided there is sufficient public demand. The operation of this service would require a minimum of 40 cars to be transported at once.Traditionally, the KR Ro-Ro service has been used for trucks, allowing vehicles to be transported along with their drivers. Over the past 15 months, the corporation secured projects worth Rs 31.50 billion through tendering and is currently executing works valued at Rs 40.87 billion.K..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?