
Jupiter Life Line Hospitals Ltd. has acquired land in Ghodbundar, Mira Road, District Thane, spanning approximately 8,433 Sq. meters, with plans to build a new hospital. This strategic expansion aims to serve underserved regions including Dahisar, Mira Bhayandar, and Vasai Virar Municipal areas.
As of January 1, 2025, the company operates 1,061 beds, with a 67.2% occupancy rate as of September 30, 2024. The new hospital is expected to add 300 beds to the company’s capacity, with a projected completion timeline of around four years.
The company plans to invest Rs. 400 Crores in capital expenditure for this project, which will be financed through internal accruals. The final capex financing structure will be determined by the Board of Directors as per plans and regulatory approvals.
In the meantime, Jupiter Life shares opened at ₹1,505.10, with a high of ₹1,539.75 and a low of ₹1,505.10 on the latest trading day. The stock has reached a 52-week high of ₹1,653.95 and a low of ₹1,050.00.