Lease Agreement
KIMS · price
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Krishna Institute of Medical Sciences Limited has entered into a 60-year lease agreement for 2 acres of land in Amaravati, Andhra Pradesh, with the Andhra Pradesh Capital Region Development Authority (APCRDA). The company plans to develop a new 500-bed multi-speciality hospital offering tertiary and quaternary care across cardiology, oncology, neurosciences, gastroenterology, orthopaedics, mother & child care, critical care, and organ transplants. This is a greenfield expansion project aimed at addressing the demand for advanced healthcare infrastructure in Amaravati and surrounding districts of Andhra Pradesh. The announcement was made on 8th May 2026.
This represents a significant expansion into a new geographic region with a large multi-speciality facility. The 500-bed hospital project signals strong growth ambitions and substantial upcoming capital expenditure. This is a positive long-term growth signal for the company, though it may pressure near-term free cash flow during the construction phase.