Narayana Health targets 7,800-plus beds through FY30 projects

Narayana Health is targeting more than 7,800 beds by FY30, up from 5,879 beds on 30 September 2026. NH has identified six named projects adding 1,555 beds, with listed costs totalling Rs 2,990 crore, alongside a separate 400-bed pipeline that takes the indicated capacity path to 7,834 beds.

How many beds is NH targeting by FY30?

NH is targeting more than 7,800 beds by FY30, compared with current capacity of 5,879 beds as of 30 September 2026. The stated additions comprise 215 beds in HSR, Bangalore; 350 in Rajarhat, Kolkata; 220 in Central Bangalore; 350 in South Bangalore; 300 in Raipur; and 120 in Park Street, Kolkata.

The six named projects together account for 1,555 beds, while NH also identifies a 400-bed pipeline without naming individual locations or completion dates. Adding the 1,555 named beds and 400 pipeline beds to the 5,879-bed base gives 7,834 beds, above the stated FY30 target of 7,800-plus beds. The difference between the current base and the 7,800-bed threshold is at least 1,921 beds.

NH’s capacity plan covers Bangalore, Kolkata and Raipur. Bangalore represents three of the six named projects, with 785 beds across HSR, Central Bangalore and South Bangalore, while Kolkata represents 470 beds through Rajarhat and Park Street. Raipur accounts for the remaining 300 named beds.

Which NH projects are scheduled to add beds?

NH has scheduled three named projects for FY28, two for FY29 and one for FY30. The FY28 group is HSR, Bangalore with 215 beds, Raipur with 300 beds and Park Street, Kolkata with 120 beds, for a combined 635 beds. The FY29 projects are Rajarhat, Kolkata with 350 beds and Central Bangalore with 220 beds, adding 570 beds together.

South Bangalore is the last of the six listed projects, with 350 beds and an FY30 completion date. The scheduled additions are therefore weighted towards FY28, with 635 beds, followed by 570 beds in FY29 and 350 beds in FY30. The presentation does not provide completion timing for the separate 400-bed pipeline.

The project types span three greenfield facilities, two leased facilities and one expansion. Greenfield projects account for 915 of the 1,555 named beds, comprising HSR, Rajarhat and South Bangalore. The two lease projects, Central Bangalore and Park Street, account for 340 beds, while the Raipur expansion contributes 300 beds.

What is NH spending on its named expansion projects?

NH lists Rs 2,990 crore of project costs across the six named facilities. Rajarhat, Kolkata has the highest listed cost at Rs 900 crore for 350 beds, followed by South Bangalore at Rs 800 crore for 350 beds and Raipur at Rs 540 crore for 300 beds. The presentation does not state a cost for the separate 400-bed pipeline.

The Rs 2,990 crore total includes Rs 2,190 crore for the three greenfield projects, Rs 260 crore for the two lease projects and Rs 540 crore for the Raipur expansion. The greenfield projects represent 915 beds and the largest share of listed costs, while the 340 leased beds have combined listed costs of Rs 260 crore.

NH’s FY27 capital expenditure table separates greenfield and inorganic spending from replacement and maintenance spending. The FY27 (P) column shows Rs 460 crore for greenfield and inorganic expenditure and Rs 270 crore for replacement and maintenance, while the FY27 (A) column shows Rs 95.5 crore and Rs 68.1 crore respectively. The presentation does not explain the meanings of “P” and “A” beyond those labels.

What is the execution status of NH’s expansion plan?

NH reports that HSR, Bangalore and Raipur are progressing as per schedule after main contractors were onboarded. HSR is a 215-bed greenfield project with a listed Rs 490 crore cost and FY28 completion, while Raipur is a 300-bed expansion with a listed Rs 540 crore cost and the same FY28 completion date.

Rajarhat, Kolkata has sanctions in place and is progressing as per schedule, according to NH. This 350-bed greenfield project has the highest listed cost, Rs 900 crore, and is scheduled for FY29. Central Bangalore, a 220-bed lease project costing Rs 160 crore, has its lease and construction agreement executed, while its design and approvals process is underway for FY29 completion.

South Bangalore, a 350-bed greenfield project with a listed Rs 800 crore cost, remains at the design and approvals stage for its FY30 completion. At Park Street, Kolkata, NH says an operations and management agreement has been executed for the 120-bed leased facility, which has a Rs 100 crore listed cost and FY28 completion target.

Separately, NH states that its South-West Bangalore Banashankari Hospital project commenced operations in the last week of September 2026. The presentation does not state the bed count, project cost or completion category for Banashankari in the six-project table, so it cannot be directly matched to the 1,555 named-bed additions from the supplied information.

Conclusion

NH’s disclosed expansion programme sets out a path from 5,879 beds at 30 September 2026 to more than 7,800 beds by FY30. The six named projects provide 1,555 beds across Bangalore, Kolkata and Raipur at listed costs of Rs 2,990 crore, while the additional 400-bed pipeline lifts the indicated total to 7,834 beds. Greenfield facilities account for 915 of the named beds, leased sites add 340 beds and Raipur adds 300 through expansion.

The next disclosed milestones are FY28 completion targets for HSR, Raipur and Park Street, representing 635 beds, followed by 570 FY29 beds in Rajarhat and Central Bangalore. Progress on South Bangalore’s 350 FY30 beds remains linked to the design and approvals process, while the separate 400-bed pipeline has no disclosed location, cost or completion timing.