New Launch21 Dec 2025, 05:30 am
Krishna Institute of Medical Sciences Ltd Enters into Leave and License Agreement for 300-Bed Super Speciality Hospital in Chennai
AI Summary
Krishna Institute of Medical Sciences Ltd has entered into a Leave and License agreement with Andhra Mahila Sabha for taking land on lease located at Dr Durgabai Deshmukh Road, Raja Annamalai puram, Chennai, Tamilnadu. The company plans to set up a Super Speciality Hospital with a bed capacity of 300. The investment in the project is expected to be around Rs. 300 Cr. The lease rental, construction of the hospital, and purchase of medical equipment will be paid from bank loan and internal accruals. This proposed capacity expansion is a significant strategic milestone, establishing the company’s maiden presence in Tamil Nadu and is expected to drive improved operational performance and sustainable long-term financial returns.
Key Highlights
- Krishna Institute of Medical Sciences Ltd has entered into a Leave and License agreement with Andhra Mahila Sabha for a 300-bed Super Speciality Hospital in Chennai.
- The project investment is expected to be around Rs. 300 Cr.
- The lease rental, construction of the hospital, and purchase of medical equipment will be financed through a bank loan and internal accruals.
- This expansion is a significant strategic milestone, marking the company’s first presence in Tamil Nadu.
- The new hospital is expected to improve operational performance and provide sustainable long-term financial returns.