Shares of Aster DM Healthcare Ltd. are trading flat after reaching a day’s high of Rs 431.85 on 23rd September, following the company’s announcement of a major Rs 220 crore investment to build Hyderabad’s largest women’s and children’s hospital.
The state-of-the-art, 3 lakh square foot facility will house 300 beds and focus on providing advanced medical care for women and children.
The initial building plan of the hospital is expected to be fully operational during mid-FY26, as it would provide obstetrics, comprehensive gynaecological care, and neonatal and paediatric services catering to the increasingly mounting health needs of Hyderabad’s population.
It will have an advanced facility with services such as a cath lab, MRI, CT, ECMO, and IVUS to deliver the best treatment for maternal and paediatric care.
It will boast 100 critical care beds, 10 modular operating theatres, luxury birthing suites, and 24/7 emergency services, which are slated to redefine standards in health delivery.
Azad Moopen, founder and chairman of Aster DM Healthcare, highlighted the hospital’simportance of the hospital in meeting the healthcare needs of women and children in South India. He said the facility would offer a wide range of super-speciality services, raising the bar for obstetric and paediatric care.
The project will go a long way in making Hyderabad a better place in terms of medical outcome and up access to quality healthcare.
The company will add 2,000 beds in India by FY27 as part of a new expansion strategy.
They have allocated Rs 1,200 crore for ongoing projects, including Aster Capital in Trivandrum and Aster MIMS in Kasargod, with further expansion in Maharashtra and Uttar Pradesh.
At 3:30 PM, the shares of Aster DM Healthcare closed 0.059% lower at Rs 421 on NSE.
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