Medanta To Set Up A 400-Bed Hospital In Varanasi
Medanta To Set Up A 400-Bed Hospital In Varanasi For ₹550 Crores.
Global Health Limited (“Medanta”), one of the largest private multi-specialty tertiary care providers in the North & East regions of India, on Wednesday, 25 March 2026, announced that,
The Company has signed a definitive agreement with Shripal Hospitality LLP & Others to set up a 400-bed multi-specialty hospital in the centre of Varanasi, Uttar Pradesh, India. Source: BSE
Important Details
According to the information available on the exchange, the Board of Directors of Medanta, at its meeting held today, approved the execution of definitive agreements (Built-to-Suit and lease arrangement) with Shripal Hospitality and others to establish a state-of-the-art super specialty hospital in Varanasi.
The proposed hospital will be developed on strategically located freehold land in central Varanasi and is expected to cater to a population of over 4 million in the city and its surrounding regions.
The hospital will deliver advanced clinical care through a combination of (1) world-class medical expertise, (2) cutting-edge technology, and (3) a comprehensive multi-specialty offering, a company spokesperson added.
Total Investment
The Company is required to make investments in deposits, Interior fit-outs, MEP, medical equipment, and any other associated capex.
The total investment made by the Company is estimated at INR 550 crores.
The funding will be a combination of internal accruals and debt financing, as per the company officials.
Duration
The proposed construction of the hospital is expected to be completed within 4 years, subject to necessary customary and statutory approvals.
Medanta To Set Up A 400-Bed Hospital In Varanasi
Management Speech –
Commenting on the latest development, Dr. Naresh Trehan, Chairman and Managing Director of the company, shared,
We are pleased to announce our plans to establish a 400-bed multi-specialty hospital in the heart of Varanasi, a city of deep cultural and spiritual significance.
This expansion reflects Medanta’s commitment to enhancing access to advanced healthcare in a densely populated region, while delivering high-quality, patient-centric care with compassion, in line with our philosophy, Har Ek Jaan Anmol.
The proposed facility will not only address the growing demand for tertiary care in Varanasi but will also serve as a key healthcare hub for Eastern Uttar Pradesh.
With this addition, Medanta will further strengthen its presence in the State, building on the strong foundation established by our hospitals in Lucknow and Noida, and continue to serve the evolving healthcare needs of the region.
Refer to Medanta Hospital News for further information.
Market Cap: The company’s market capitalization is ₹27,200 Cr.
Technical: The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day SMA.
Price Performance: The stock has fell 19% over the past one year, declined 14.75% year to date, declined 15% over the last three months, and declined 12.50% in the past one month.
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