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.’