Apollo Group to invest Rs 1,800 crore

Apollo Group to invest Rs 1,800 croreApollo Group, leading Indian hospital chain, has decided to make an investment up to Rs 1,800 crore over the coming two fiscals.

The proposed investment is a part of group's proposal to add 2,000 beds to its inventory, besides spreading out its existing facilities.

As per official sources, the group has already added 500 beds in the previous 6 months.

Apollo Group functionaries stated in a communiqué that the group would be inaugurating at least one hospital every three months for the coming one year.

As per reports in media, for funding the proposed project, the group is having internal accruals of Rs 400 crore and for the rest, it has entered into an alliance with various financial institutions.