By: IPP Bureau
Last updated : September 16, 2026 7:23 pm
Company to develop, operate and maintain PET-CT facilities at four government hospitals under DBFOT model
Krsnaa Diagnostics has entered into a Concession Agreement with the Punjab Health Systems Corporation (PHSC), acting on behalf of the Department of Health & Family Welfare, Government of Punjab, for the development, operation and maintenance of PET-CT diagnostic facilities at four selected government hospitals in the state.
The agreement follows a Letter of Award issued by PHSC on August 14, 2026, and completion of all requisite tender formalities.
The project will be implemented under the Public Private Partnership (PPP) model in the Design, Build, Finance, Operate, Maintain and Transfer (DBFOT) format for a concession period of 15 years.
Krsnaa Diagnostics said it had historically adopted a measured approach towards the PET-CT segment and had not previously pursued opportunities in the space.
The company is now entering the specialised diagnostic segment in response to growing demand for PET-CT services and to leverage its established capabilities in government healthcare partnerships.
The project is expected to expand the company’s diagnostic services portfolio and provide long-term cash revenue visibility over the concession period.
Access to established government hospital locations, combined with the long-term concession framework, will support Krsnaa’s strategy of diversifying its revenue base and expanding its portfolio of government PPP partnerships across India.