Now Reading: Park Medi World jumps 3% on fifth day after Rs 200 crore hospital mandate
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Park Medi World jumps 3% on fifth day after Rs 200 crore hospital mandate
Park Medi World jumps 3% on fifth day after Rs 200 crore hospital mandate
Park Medi World share price climbed 2.7% to Rs 291.40 in intraday trade on 26 August, extending gains for a fifth consecutive session. The stock has risen nearly 8% in this period…
Park Medi World share price climbed 2.7% to Rs 291.40 in intraday trade on 26 August, extending gains for a fifth consecutive session. The stock has risen nearly 8% in this period and is up 92% year-to-date since its listing on 17 December last year at Rs 162.
The rally follows a 26 August exchange filing in which the company said it had secured a PPP mandate from Prayagraj Municipal Corporation to build and operate a 550-bed multi-speciality hospital. Park Group will invest about Rs 200 crore, with a Rs 76.52 crore concession from the state government, and hold the facility for 45 years.
The Prayagraj hospital will be built on a 3.22-acre site over two years, with an option to add 2.47 acres from the fifth year of operations. Combined with its existing 360-bed hospital in Agra and a 400-bed facility coming up in Gorakhpur, Park Group’s Uttar Pradesh bed capacity will reach 1,260 beds.
Indian Opinion Analysis
The Prayagraj project gives Park Medi World a 45-year revenue stream from a single asset, a structure more common in infrastructure than healthcare. Under a PPP concession, the company bears construction risk but receives assured payments or operating rights over the long term. The 200-crore capex is large relative to the company's market capitalisation of about Rs 290 crore, so execution and funding remain material risks. The BSE will track the company's compliance with its disclosure timelines for project milestones.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
