Project Details
Awarding Authority: Municipal Corporation of Delhi (MCD) through its Department of Hospital Administration
Project Type: Financing, establishment, operation and maintenance of CT Scan and MRI facilities on Public Private Partnership (PPP) basis
Location: Three hospitals in Delhi
Concession Period: Ten years from the Commercial Operation Date, extendable by up to five years as per the Tender Document
Revenue Model: Cash collection PPP project (cash-based)
Contract Terms and Timeline
Award Date: November 2, 2026 (Letter of Award date)
Agreement Execution: Service Provider Agreement to be executed within 30 days of the Letter of Award
Commercial Operation Date: To be achieved within 180 days of Site Handover Note for each project site, subject to conditions mentioned in the tender document
Financial Considerations
Revenue Structure: Consideration cannot be determined upfront as revenues will depend on:
- Actual number of CT Scan and MRI investigations undertaken at project sites
- Applicable rates for services
Financial Impact: Variable revenue model based on actual utilization
Corporate Significance
The project represents a milestone for Krsnaa Diagnostics, expanding its government PPP portfolio and bringing advanced diagnostic services (CT-Scan and MRI) to public hospitals in Delhi. The company emphasizes this strengthens its flagship government PPP portfolio across India and reinforces trust from public healthcare institutions.
Related Party Considerations
Promoter/Group Interest: Not Applicable (no interest in the entity that awarded the contract)
Related Party Transaction: Not Applicable