Peerless Group to invest 1000 INR-Cr in capex; focuses on hospital, realty

Rutuja Kedare Aug 01, 2023 0

On Monday, July 31, the Peerless Group announced its ambitious plans to invest over 1,000 INR-Crore in capital expenditure over the next three years. A major portion of this investment will be channeled into the development of hospital and real estate projects.

The Peerless Group aims to launch an innovative 15-floor retail-commercial-residential real estate project called “Trium.” An internationally renowned design firm from Thailand conceptualized this project, which will be situated at a prime location in Rajarhat near Kolkata, covering an area of about 6.4 Lakh-SqFt. PGFI (Peerless General Finance & Investment Company Limited) will undertake this project, and the estimated investment for it is 600 INR-Crore.

Furthermore, the company plans to expand its hospital facilities, increasing the capacity from 400 beds to approximately 750-800 beds. The hospital expansion project will feature a comprehensive state-of-the-art oncology block. The total investment for this hospital expansion is projected to be 500 INR-Crore, with 75 INR-Crore already invested.


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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.

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