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.
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