Park Medi World Share Price Surges; Wins PPP Mandate for 550-Bed Hospital in Prayagraj

Park Medi World has received a mandate from the Prayagraj Municipal Corporation to develop and operate a 550-bed multi-super-speciality hospital in Prayagraj, Uttar Pradesh, as per the exchange filing. The project will be developed under the Public-Private Partnership (PPP) model.  

The company will build the hospital over the next two years from the appointed date. After that, Park Group will operate the hospital under a 45-year lease.  

₹200 Crore Investment 

Park Group plans to invest around ₹200 crore to build the hospital. The project will be funded through the company's internal accruals.  

The Uttar Pradesh government will also provide a concession of around ₹76.52 crore towards the construction cost.  

Hospital to Come Up Near Arail Ghat 

The hospital will be built on a 3.22-acre site allotted by the Prayagraj Municipal Corporation. 

The location is near Arail Ghat and around 3 km by road from Sangam Ghat. The company said the location will make the hospital accessible to people living in the city as well as visitors coming to the area.  

There is also an option to get another 2.47 acres from the fifth year after the hospital starts operations, which could allow the facility to be expanded later.  

Government Support 

The state government will reimburse around ₹76.52 crore towards the construction of the hospital. 

Park Group will, in return, pay an annual concession fee of ₹18.10 crore, which will increase by 3% every year.  

Park Group Expands in Uttar Pradesh 

The Prayagraj hospital is part of Park Group's plans to expand in Uttar Pradesh. 

The company already has a 360-bed hospital in Agra and is also developing a 400-bed hospital in Gorakhpur. Once these projects are completed along with the Prayagraj hospital, Park Group's capacity in Uttar Pradesh is expected to reach 1,260 beds.  

Park Group Has Around 4,300 Beds 

Park Group currently operates 17 hospitals with around 4,300 beds. 

The group is also working on five additional hospitals and capacity expansion at three existing hospitals. These projects are expected to add around 2,000 more beds, taking its total capacity to around 6,300 beds.  

Read More: Puravankara Share Price in Focus; Enters JDA for 7.83-Acre Land Parcel in South-East Bengaluru! 

Park Medi World Share Price Performance 

As of August 26, 2026, at 11:34 AM, Park Medi World share price was trading at ₹288.50 per share, reflecting a surge of 1.47% from the previous trading session. 

Conclusion 

Park Medi World has won a major PPP project to build and operate a 550-bed hospital in Prayagraj. The company will invest around ₹200 crore, while the state government will provide ₹76.52 crore towards construction. The project will also help Park Group expand its hospital network in Uttar Pradesh.  

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