Financial Daily from THE HINDU group of publications
Sunday, Apr 03, 2005
Financial Daily from THE HINDU group of publications Sunday, Apr 03, 2005 |
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Corporate
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Diversification B.P. Poddar group to foray into healthcare Our Bureau
Kolkata , April 2 THE Rs 100-crore turnover B.P. Poddar group of companies, which has interests in textiles, real estate and education, has unveiled plans to diversify into the healthcare sector in a big way. The group, which is setting up a 220-bed, multi-speciality hospital here at an investment of Rs 60 crore, has announced plans to set up a dental college and hospital and a medical college and hospital which will entail an investment of Rs 28 crore and Rs 100 crore, respectively. Stating this at a press conference held here, Mr Arun Poddar, Chairman, said the hospital in Kolkata would be the hub for a chain of diagnostic centres, clinics and outreach centres that would be set up in different parts of the city. Plans in the long-term include replicating the hub-and-spoke model in non-urban centres elsewhere in the State as well. Mr Poddar said that while 50 beds at the hospital were already operational, the entire facility would be up and running in8-12 months. Money for the project has been raised by way of debt and equity in the ratio of 1:1. The project's payback period has been pegged at 8-10 years. According to him, the proposed dental college and hospital would be set up at Kamarhati on the outskirts of Kolkata under a trust. A formal clearance from the State health department was awaited before the project can take off. Similarly, plans were afoot to set up a medical college, which would have the capacity to train 100 students plus additional paramedical staff at an investment of Rs 100 crore. The proposed facility would be spread over a 25-acre campus, Mr Poddar said.
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