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The eight-storied new building — ICICI Foundation Block for Child and Blood Cancer — will serve 3,000 patients annually.
ICICI Bank, in collaboration with Tata Memorial Centre (TMC), announced commencement of the construction of a new building at the Homi Bhabha Cancer Hospital and Research Centre (HBCHRC) in Visakhapatnam, Andhra Pradesh.
With a commitment of over ₹550 crore, the bank is funding the construction of a state-of-the-art facility spanning nearly 3.9 lakh square feet, equipped with cutting-edge medical technology.
Once operational, the eight-storied new building — ICICI Foundation Block for Child and Blood Cancer — will serve 3,000 patients annually. Currently, HBCHRC, Visakhapatnam has a capacity of handling 6,200 patients annually.
The new building will house over 215 beds and expected to be completed by 2027.
“We are honoured to partner with TMC in a mission towards cancer care that aligns with our philosophy of strengthening critical healthcare infrastructure in the country,’‘ Pradeep Kumar Sinha, Chairman, ICICI Bank, said in a release.
According to Sandeep Batra, Executive Director, ICICI Bank, two years ago, the bank announced its partnership with TMC by committing ₹1,200 crore to set up three new blocks at TMC’s centres in Visakhapatnam, Navi Mumbai and New Chandigarh. “Recognising TMC’s latest requirements, we are pleased to enhance our commitment to ₹1,800 crore,” he added.
Umesh Mahantshetty, Director, Homi Bhabha Cancer Hospital & Research Centre, Visakhapatnam, said: “We are grateful to ICICI Foundation for their generous donation, which will significantly contribute to the advancement of cancer treatment and research in pediatric and hematolymphoid cancers in this region.’
Published on June 12, 2025
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