Hindujas to expand hospital business

Monday, 29 October 2007, 07:00 Hrs
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Chennai: The Hinduja group intends to grow its hospital business manifold. The group has signed an agreement with Limitless LLC, part of the Dubai World group, to promote hospitals within and outside India, said officials here Monday.

In India, the group is looking at cities that include Delhi, Hyderabad, Mumbai and Bangalore for this.

The Hindujas intend to have around 5,000 hospital beds under its fold. Presently, the group runs the 351-bed Hinduja Hospital in Mumbai.

The group has also decided to invest in power, realty, telecom, and life and non-life insurance sectors.

In real estate, the Hindujas are keen on development of IT and residential properties.

The group's real estate arm, Aasia Property Development Ltd, is developing two properties each in Karnataka and Andhra Pradesh.

In the power sector, the group is keen to set up 1,200 MW thermal power plant in Vishakapatnam in Andhra Pradesh at an outlay of over 50 billion.

Classified as a merchant power company, Hinduja National Thermal Corp would sell 75 percent of the generation to outsiders and 25 percent to Andhra Pradesh's state electricity board.
Source: IANS
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