Key Event Details
Krsnaa Diagnostics Limited has executed a Concession Agreement with the Department of Health & Family Welfare, Government of Punjab, acting through Punjab Health Systems Corporation (PHSC) (referred to as "Authority"). This agreement follows a Letter of Award dated August 14, 2026, issued by the Authority and subsequently accepted by the company. All requisite formalities as per the tender requirements have been completed.
Project Scope and Structure
The agreement covers the development, operation, and maintenance of PET-CT Diagnostic Facilities at 4 (four) selected Government Hospitals in Punjab. The project will be implemented under the Public Private Partnership (PPP) model in the Design, Build, Finance, Operate, Maintain and Transfer (DBFOT) format. The Concession Period is 15 (fifteen) years.
Strategic Rationale
This project marks the company's first entry into the PET-CT diagnostic services segment, a strategic expansion from its historical measured approach. The decision was driven by the growing demand for PET-CT diagnostic services and the opportunity to leverage the company's established capabilities in government healthcare partnerships. The company emphasizes that this expansion diversifies its revenue opportunities and strengthens its portfolio of government PPP partnerships across India.
Financial Considerations
The project is structured on a cash-based revenue model. The broad consideration or size of the contract cannot be determined upfront as revenues are dependent on the actual number of PET-CT scans undertaken and the applicable user charges. The disclosure explicitly states that the project provides a new revenue stream and long-term revenue visibility over the 15-year concession period, but no specific financial value, investment amount, or projected revenue figures are quantified.
Related Party Transactions
The disclosure confirms that the promoter/promoter group/group companies have no interest in the entity that awarded the contract (Department of Health & Family Welfare, Government of Punjab). The order/contract does not fall within related party transactions.