The group has planned to set up a 500-bedded hospital each in Agra, Sahibabad and Kanpur, and a 250-bedded hospital in Bulandshahar in the next four years.
Infrastructure conglomerate Jaypee Group today announced its foray into healthcare sector with an investment plan of Rs 2,000 crore over the next 3-4 years to establish a chain of hospitals in North India.
"Jaypee Hospital, the flagship hospital of the Jaypee Group has been planned and designed as a 1200-bedded tertiary care multi-super-specialty facility and, is shortly getting commissioned with 525 beds in the first phase at Noida," a company statement said.
Also read: Jaypee Infratech: Outcome of board meeting
The group "plans to invest Rs 2,000 crore over the next 3-4 years towards establishing a chain of multi-super-speciality hospitals in NCR & Tier-2 cities of North India," the statement said.
The group has planned to set up a 500-bedded hospital each in Agra, Sahibabad and Kanpur, and a 250-bedded hospital in Bulandshahar in the next four years.
"The demand for quality healthcare is rapidly increasing in India ... Group intends to bridge this gap by taking the initiative of creating 5,000 quality beds ...," Jaypee Healthcare Director Rekha Dixit said.
Jaypee Infra stock price
On May 27, 2014, at 09:23 hrs Jaypee Infratech was quoting at Rs 32.85, down Rs 4.1, or 11.1 percent. The 52-week high of the share was Rs 42.00 and the 52-week low was Rs 14.45.
The company's trailing 12-month (TTM) EPS was at Rs 3.13 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 10.5. The latest book value of the company is Rs 44.50 per share. At current value, the price-to-book value of the company is 0.74.
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