SRL Diagnostics to invest Rs 300 crore in 5 years to expand network – Feedback

SRL Diagnostics will invest over Rs 300 crore within 5 years to expand network as it looks to tie up with more states to open labs in government-run hospitals.

The company has already entered into partnerships Himachal Pradesh, Jharkhand and Uttar Pradesh governments to establish labs in government run hospitals in these states. “The company is coming up with 150 labs in domestic market and 50 labs in international market in the next five years, which will be an addition to 306 labs that SRL has till now,” SRL Ltd CEO Sanjeev Vashishta said in a statement. In order to fund the expansion plan, it has drawn up “an investment of more than Rs 300 crore in next five years”.

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