Pipeline update:
There are a few large tenders being floated by governments:
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A tender for 17 CT centres + 17 MRI centres in Maharashtra that could generate around 75 Cr. of revenue.
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A large tender encompassing CT, MRI, pathology, ultrasound and x-ray for a few large districts in Andhra Pradesh. Could be worth over 100-150 Cr. once the government discloses more data.
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Several smaller radiology tenders that could sum up to around 50 Cr.
The first two have closed and are going through the technical rounds. The Andhra Pradesh is an extremely important tender to me. When I last met Krsnaa’s management, they explained how AP is one of the states that is yet to outsource a major portion of their healthcare under PPP. This could be the start of a series of tenders floated by the government. Furthermore, the winner of this tender would be placed in districts that compete with Vijaya Diagnostics.
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