Apollo Hospitals Enterprise Limited Announces New Hospital Project in Dwarka, New Delhi
Apollo Hospitals Enterprise Limited announced on April 2, 2026, the establishment of a multi-specialty hospital in Dwarka, New Delhi. The project will be developed on a 9.33-acre land parcel leased from the Delhi Development Authority (DDA).The hospital project is slated for phased implementation. A Special Purpose Vehicle (SPV) will be incorporated for the execution and implementation of the project.
Key details of the land lease agreement are outlined below:
| SI.No. | Particulars | Description |
|---|---|---|
| 1 | Name of the entity awarding the contract | Delhi Development Authority (DDA) |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded in brief | • Land parcel of 9.33 acres allotted on license basis • License period of 55 years • Development of a super specialty hospital with allied healthcare services is being planned • Licence Agreement to be executed within one year; Annual Licence Fee - Rs. 33.3 crs starting from the fifth year with annual escalations |
| 3 | Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic Entity |
| 4 | Nature of order(s) / contract(s) | Land Lease granted by the Delhi Development Authority |
| 5 | Whether domestic or international | Domestic |
| 6 | Time period by which the order(s)/contract(s) is to be executed | Formal License Agreement is expected to be executed in 1 year |
| 7 | Broad consideration or size of the order(s)/ contract(s) | Please refer details mentioned above under Point No. 2 |
| 8 | Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/ contract(s)? If yes, nature of interest and details thereof | No |
| 9 | whether the order( s)/contract( s) would fall within related party transactions? If yes, whether the same is done at "arm's length | No |
The Board of Directors’ meeting commenced at 4:00 p.m. and concluded at 5:45 p.m. S.M. Krishnan, Sr. Vice President - Finance and Company Secretary, provided the update.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.