NewsKIMS Hospitals Signs 60-Year Lease for 2 Acres in Amaravati to Build 500-Bed Multi-Speciality HospitalKIMS Hospitals Signs 60-Year Lease for 2 Acres in Amaravati to Build 500-Bed Multi-Speciality Hospital
Krishna Institute of Medical Sciences (KIMS Hospitals) has signed a 60-year lease for 2 acres of land in Amaravati, Andhra Pradesh, with APCRDA to develop a 500-bedded multi-speciality hospital. The facility will offer tertiary and quaternary care across specialties including Cardiology, Oncology, Neurosciences, and Organ Transplant, aiming to improve advanced healthcare access in the region.
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Krishna Institute of Medical Sciences Limited (KIMS Hospitals) has entered into a long-term lease agreement for 2 acres of land in Amaravati, Andhra Pradesh, for a period of 60 years. The agreement has been executed with the Andhra Pradesh Capital Region Development Authority (APCRDA) and was disclosed to stock exchanges on 8th May, 2026, as a material event.
Key Details of the Lease Agreement
The following table outlines the key parameters of the lease agreement as disclosed by the company:
| Parameter: | Details |
|---|---|
| Land Area: | 2 acres |
| Location: | Amaravati, Andhra Pradesh |
| Lease Duration: | 60 years |
| Lessor: | Andhra Pradesh Capital Region Development Authority (APCRDA) |
| Proposed Facility: | 500-bedded multi-speciality hospital |
Proposed Hospital and Specialties
The proposed facility is described as a state-of-the-art 500-bedded multi-speciality hospital that will offer comprehensive tertiary and quaternary care. The hospital is planned to cover a wide range of medical specialties, as detailed below:
- Cardiology
- Oncology
- Neurosciences
- Gastroenterology
- Orthopaedics
- Mother & Child Care
- Critical Care
- Organ Transplant
- Other key specialties
Healthcare Access in the Region
According to the company's disclosure, the proposed hospital aims to address a long-standing need for advanced healthcare infrastructure in the Amaravati region. The facility is expected to provide patients in Amaravati and surrounding districts of Andhra Pradesh with access to high-end clinical capabilities, reducing the need to travel to other metros for specialized medical care.
The disclosure was signed by Nagajayanthi J. R., Company Secretary and Compliance Officer of Krishna Institute of Medical Sciences Limited, and was submitted to both BSE and NSE on 8th May, 2026.
Historical Stock Returns for Krishna Institute of Medical Sciences
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.40% | +16.67% | +17.09% | +6.83% | +22.59% | +290.11% |
How will KIMS Hospitals finance the construction of the 500-bedded Amaravati facility, and what impact will this capital expenditure have on the company's debt profile and near-term earnings?
Could the Amaravati hospital project accelerate KIMS Hospitals' expansion into other emerging state capital cities, signaling a broader tier-2 city growth strategy?
How might the entry of a major tertiary care provider like KIMS into Amaravati affect the competitive landscape and patient referral patterns for existing regional hospitals in Andhra Pradesh?
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