Shares of Krishna Institute of Medical Sciences Limited (KIMS) rose over 2% after the company disclosed its plan to expand operations into Tamil Nadu through a new hospital project in Chennai.
The company has entered into a Leave and License Agreement with Andhra Mahila Sabha to take land on a long-term lease for setting up a super speciality hospital. The leased land measures approximately 1.168 acres, or about 21.19 grounds, and is located on Dr. Durgabai Deshmukh Road in Raja Annamalai Puram, Chennai.
According to the disclosure, the proposed facility will be developed as a super speciality hospital. The project is expected to add around 300 beds to KIMS’ overall capacity.
As of September 30, 2025, KIMS and its subsidiaries operate a combined bed capacity of over 8,800 beds. The company reported an occupancy level of about 51% during the first half of FY26 across its hospital network.
The Chennai hospital is planned to be completed within a period of 36 months. The estimated investment for the project is around ₹300 crore, which will be used for lease rentals, construction of the hospital, and purchase of medical equipment. The company stated that the funding will be through a mix of bank borrowings and internal accruals.
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