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PNN
Lucknow (Uttar Pradesh) [India], January 30: Chandan Healthcare Limited (NSE - CHANDAN), - Chandan Healthcare Limited, one of the leading diagnostic and healthcare services providers in North India, has been awarded a Public Private Partnership (PPP) project in Assam. The project involves the development, operation, and maintenance of a state-of-the-art Radiology Imaging Diagnostic Centre at the Northeast Frontier Railway Central Hospital (NFRCH), Malegaon, Assam. The contract has been awarded for a period of 10 years. In the past two months, the Company has secured PPP projects across eight district hospitals in Punjab and an additional railway hospital in Assam. The cumulative value of these projects stands at 550 Cr over a ten-year period, translating to approximately 55 Crper year. The Assam project aims to strengthen diagnostic capabilities within a government hospital setting and improve access to advanced imaging services for both in-patients and out-patients. By enabling comprehensive diagnostic services within the hospital premises, the initiative is expected to support timely diagnosis and better treatment outcomes. Under the PPP arrangement, Chandan Healthcare will establish and operate a diagnostic centre equipped with: -800 mA high-frequency X-ray system - Ultrasound and Colour Doppler facilities - 128-slice CT scanner - 3 Tesla MRI machine The diagnostic facilities will cater to hospital patients as well as the surrounding community, offering high-quality services at affordable prices. This growth highlights Chandan Healthcare's expanding presence in government healthcare projects and its ability to execute large-scale diagnostic infrastructure initiatives, reflecting the Company's continued commitment to enhancing public healthcare infrastructure. Commenting on the development, Mr. Amar Singh, Promoter and Managing Director of Chandan Healthcare Limited, said, "This project further strengthens our growing presence in government-led healthcare initiatives. Over the past two months, we have secured two PPP projects in Punjab and one PPP project in Assam, taking our cumulative PPP project value to approximately 550 Cr over a ten-year period. The Assam project represents another important B2G engagement and reflects our strong execution capabilities and the trust placed in us by government institutions." PPP projects provide long-term revenue visibility and operational stability, supported by consistent diagnostic volumes over the contract tenure. Such projects help us build a predictable earnings profile while expanding access to high-quality diagnostic services within public healthcare infrastructure, in line with our long-term growth strategy." (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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