Jupiter Life Line Hospitals Ltd acquires land for new hospital

Jupiter Life Line Hospitals Ltd has purchased land at Ghodbundar Mira Road, District Thane, with an area of ~8,433 Sq. Meter. The land is acquired for setting up a hospital.

The Company along with its subsidiary has an existing total operation 1061 beds as on 1st January, 2025. The Company's occupancy was 67.2 % of its capacity as on 30th September, 2024.

Jupiter is excepted to incur approximately Rs. 400 Crores of Capital Expenditure for the proposed project.

The purchase of land is from internal accruals. Capex financing is subject to plans, statutory approval and timelines; and may be decided by the Board of Directors from time to time.

This proposed hospital will serve the neighboring community of Dahisar, Mira Bhayandar and Vasai Virar Municipal regions which are currently underserved.

Shares of Jupiter Life Line Hospitals Limited was last trading in BSE at Rs. 1522.75 as compared to the previous close of Rs. 1512.15. The total number of shares traded during the day was 556 in over 182 trades.

The stock hit an intraday high of Rs. 1530.10 and intraday low of 1507.35. The net turnover during the day was Rs. 846386.00.

Source : Equity Bulls

Keywords

JupiterLifeLineHospitals INE682M01012 LandPurchase NewHospital