Park Medi World Wins 550-Bed Hospital Project; Shares Rise 1.76%

Mumbai August, 26: Park Medi World Limited has been awarded a mandate by Prayagraj Municipal Corporation under the Public-Private Partnership (PPP) model to develop and operate a 550-bed multi-speciality hospital in Prayagraj, Uttar Pradesh.

According to the company’s exchange disclosure, Park Group will construct the hospital over two years from the appointed date and operate the facility under a long-term concession of 45 years.

The project will be developed on a 3.22-acre site allotted by the municipal corporation, with an option to secure an additional 2.47 acres from the fifth year following the Commercial Operations Date. The company expects to invest approximately ₹200 crore towards construction of the facility.

The project also carries financial support from the Uttar Pradesh government. Under the concession arrangement, ₹76.52 crore is to be reimbursed by Prayagraj Municipal Corporation towards hospital construction, covering around 38% of the capital outlay.

Stock Market Snapshot

Park Medi World share price stood at ₹289.05, up ₹5.00 or 1.76%, as of 9:33:27 a.m. IST on August 26, 2026, according to the market data shown in the price chart.

The stock moved higher through the early session, rising from around ₹285 at the start of the displayed trading period to above ₹290 before easing slightly. The gains came as the company disclosed the Prayagraj project and outlined the scale of its planned healthcare expansion.

The concession also provides for an annual fee of ₹18.10 crore, with a 3% annual escalation. The company said the project is expected to become one of the largest private healthcare facilities in Prayagraj once completed.

Park Medi World Expands Healthcare Presence In Uttar Pradesh

The Prayagraj hospital forms the third major project in Park Group’s Uttar Pradesh expansion strategy. The group is already developing a 360-bed hospital at Agra and a 300-bed facility at Gorakhpur.

With the Prayagraj project, the group’s total capacity in Uttar Pradesh is expected to reach 1,260 beds once the facilities become operational. Park Group currently operates 17 hospitals with a combined capacity of around 4,300 beds, according to the company’s disclosure.

The company said Prayagraj was selected because of its large population and comparatively limited healthcare infrastructure. The city is also a major administrative, educational and cultural centre, with significant resident and visiting populations.

The hospital is planned near Arail Ghat, close to the Sangam area. Park Medi World said the location is expected to provide access to a sizeable catchment while supporting the city’s growing demand for tertiary healthcare services.

Conclusion

The Prayagraj mandate gives Park Medi World a sizeable new healthcare project with a planned investment of approximately ₹200 crore and a 45-year concession period. The project also brings government-backed support through the ₹76.52 crore construction reimbursement.

Shares were trading at ₹289.05, up 1.76%, as of 9:33:27 a.m. IST on August 26, 2026. The project adds another 550 beds to Park Group’s expansion pipeline and strengthens its stated focus on building healthcare capacity across Uttar Pradesh.

Source:

• https://www.nseindia.com/get-quote/equity/PARKHOSPS/Park-Medi-World-Limited
• https://nsearchives.nseindia.com/corporate/PARKMEDIWORLD2025_26082026092528_intimation26.pdf