Announced Fri, 8 May · 19:41 IST

Lease Agreement

Major Capex Above 10pct NetworthCapex & Operations View source PDF

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AI summary

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.

Likely market impact

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.