Stock Report

Narayana Hrudayalaya Ltd to set up Multi-Speciality Hospital in Ludhiana in partnership with Ritesh Properties & Industries Limited



Posted On : 2021-12-03 21:58:06( TIMEZONE : IST )

Narayana Hrudayalaya Ltd. (NHL) and Ritesh Properties and Industries Ltd. have joined hands to set up NHL's first State-of-the-Art Multi-Specialty Hospital in State of Punjab at Ludhiana. The Hospital will come up in Hampton project on NH-05 (Ludhiana-Chandigarh Highway). Spread over 2 Lakh Sq. Ft. with a capacity of 225 beds, the hospital will provide world class healthcare & diagnostic facilities to the people of Punjab. In an event held in Delhi/ NCR today, Mr. Sanjeev Arora, Managing Director, Ritesh Properties and Industries Ltd. (RPIL) and Commander Navneet Bali, Director - Northern Region, Narayana Hrudayalayafrom Narayana Hrudayalaya inked the agreement, thereby rolling out the project. With the agreement signed the hospital is estimated to be operational by the year2024. Narayana Hrudayalaya Ltd. Under the able leadership of Dr. Devi Shetty, Founder and Chairman and Mr. Viren Shetty, Executive Director and Group COO aims at delivering high-quality, affordable healthcare services to the broader population of India. This MultiSpeciality Hospital in Ludhiana is another step towards realization of their vision.

Highlighting the importance of the project, Mr. Sanjeev Arora, Managing Director, Ritesh Properties and Industries Ltd. (RPIL) said, "Today is a momentous occasion when we are presenting a Multi-Super Speciality Hospital by Narayana Hrudayalaya, under the guidance of Dr Devi Shetty to the State of Punjab. With a vision to work towards making healthcare affordable and accessible to all, we have joined hands with Narayana Hrudayalaya, known for their Quality, Expertise & Service Excellence. We believe that this project has opened doors for various future partnerships with Narayana Hrudayalaya, which will strengthen our vision to provide quality & low-cost healthcare to all."

"The sheer size of this project will act as a catalyst and contribute in generating more jobs, as well as build a complete ecosystem, which will enable overall development of the catchment areas", Mr. Arora added.

Commander Navneet Bali, Director - Northern Region, Narayana Hrudayalaya also stated. "We at Narayana believe in bringing the best-in-class healthcare facilities affordable to all. With this vision we are setting up our new Multi-Speciality Hospital in Ludhiana. We are delighted to collaborate with Ritesh Properties & Industries Ltd, since their energy aligns with the project."

Also, speaking about the partnership, Mr. Hemant Sood, Board Member, Ritesh Properties and Industries Ltd. (RPIL), "We are happy to partner with Narayana Hrudayalaya to establish a worldclass healthcare facility in Ludhiana. This will be a boon for all people living in Punjab and we hope to continue this partnership further across other States as well."

Shares of Narayana Hrudayalaya Ltd. was last trading in BSE at Rs. 569.65 as compared to the previous close of Rs. 579.85. The total number of shares traded during the day was 7648 in over 758 trades.

The stock hit an intraday high of Rs. 585.95 and intraday low of 566.00. The net turnover during the day was Rs. 4408862.00.

Shares of RITESH PROPERTIES & INDUSTRIES LTD. was last trading in BSE at Rs. 266.35 as compared to the previous close of Rs. 253.70. The total number of shares traded during the day was 7212 in over 78 trades.

The stock hit an intraday high of Rs. 266.35 and intraday low of 265.95. The net turnover during the day was Rs. 1920749.00.

Source : Equity Bulls

Keywords

NarayanaHrudayalayaLtd INE410P01011 RITESHPROPERTIESandINDUSTRIESLTD INE299D01014 MultiSpecialtyHospital Ludhiana Punjab