A.P. capital works in Amaravati will be completed in three years, says MA&UD Minister Narayana
Addressing the media after inspecting the key sites, including Sakamuru reservoir, Kondaveeti Vagu, Gravity Canal, and Anantavaram Park, the Minister reiterated the commitment of the government to developing Amaravati as a world-class capital.
Mr. Narayana announced that 4,000 houses for government officials and employees would be completed by March 2026, while road and drainage works were nearing completion.
Designs for the layout roads will be finalised by IIT experts by the end of August. Canal works, including Kondaveeti Vagu (23.6 km), Palavagu (16.5 km), and Gravity Canal (7.84 km), are being widened and deepened to prevent flooding. Reservoirs at Sakamuru, Krishnayapalem, and Neerukonda are under construction with a combined storage capacity of 0.53 rmc ft, he said.
Lease payments
Referring to the issue of the farmer lease payments, Mr. Narayana said that 900 farmers were yet to receive funds due to issues such as incorrect bank accounts or land sales, but their cases were being reviewed. So far, over 18,000 of the 25,000 farmers have received their dues, the Minister said.
Responding to criticism that no work is taking place, Mr. Narayana invited the 'detractors' to visit Amaravati and witness the progress. He emphasised that 30% of the capital area is dedicated to greenery under the Blue-Green Capital concept and that the Krishna Riverfront Development works would begin soon.
Highlighting international support, the MA&UD Minister said Singapore has renewed its trust in Chief Minister N. Chandrababu Naidu. 'The previous government strained the ties with Singapore, but Mr. Naidu is rebuilding that relationship. Singapore officials will visit Amaravati in ten days,' Mr. Narayana said.
Mr. Narayana was accompanied by Amaravati Development Corporation Chairperson Lakshmi Parthasaradhi, CRDA Chief Engineer Gopalakrishna Reddy, CEO Dhanunjaya, other officials, and representatives of contracting agencies during the inspection.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
7 hours ago
- Hans India
VRMCHS turned centre for power politics: Parvathareddy
Nellore: YSRCP Nellore district working president and MLC Parvathareddy Chandrasekhar Reddy has alleged that MA&UD Minister P Narayana had vested interests in converting the name of the old educational institution – Venkatagiri Raja High School – as VR Municipal Corporation High School (VRMCHS). Addressing a press conference here on Wednesday, the MLC pointed out that the conversion of name of the school was against the norms with the official machinery turning at the behest of the Minister. He recalled that court has appointed Joint Collector as Special Officer by confining his power to look after the salaries of employees and protection of institution. But the JC had transferred the Rs 1,000 crore worth properties of VR High School to Nellore Municipal Corporation against court guidelines, he criticised, adding that such move will lead to misuse of VRHS properties in the mask of power by the ruling party leaders. The MLC has pointed out that instead of providing seats to the real poor children in the VRMCHS, 90 per cent of the seats against the total 1,063 seats, were given to the people recommended by 264 TDP leaders and students pursuing studies in corporate schools like Sri Chaitnya (32), Ratnam (28) Narayana (28), and 418 students studying in various municipal schools in the city. He also pointed out that against the requirement of 80 teaching staff in VRMCHS, the government has deployed six teachers on deputation and five cluster in-charges and 26 Second Grade Teachers (SGTs). He alleged that instead of purchasing new buses for VRMCHS, buses were hired from Narayana Educational Institutions for Rs 1.2 lakh on monthly rental basis. The MLC questioned, why the coalition government has provided seats based on the recommendations of party leaders, if it is keen on promoting corporate education to the poor.
&w=3840&q=100)
Business Standard
15 hours ago
- Business Standard
Narayana Health to add 2,000 beds, expand insurance schemes in FY26
Bengaluru-headquartered hospital chain Narayana Health aims to grow its domestic revenue by 10 per cent in FY26, in line with industry benchmarks, a senior company official said. Managing director and chief executive officer Emmanuel Rupert told Business Standard: 'Last fiscal we did about Rs 4,349 crore in India revenue and we want to grow at a rate at which the healthcare industry is growing — over 10 per cent. We look to be on the same momentum and revenue.' Sandhya J, chief financial officer at Devi Shetty's Narayana Health, said the company plans to scale up its Aditi and Arya health insurance schemes in Karnataka and West Bengal. 'The entire healthcare ecosystem is failing in trust. We are on the path to solve the trust deficit and episodic interference of fund transfer. On the back of this, we aim to double down on our insurance scheme and build a strong customer base in Bengaluru, Shivamogga, Mysore, and Kolkata.' Commenting on efforts to improve profit after tax (PAT), which declined 2.3 per cent to Rs 196 crore in Q1 due to increased investments in integrated care and other financial costs, Sandhya said PAT optimisation will improve as the India business grows. Some clinics have started breaking even, reducing losses from the health insurance schemes. 'Over a period of time, we will be able to keep the losses in check and expand margins in the domestic business. PAT should improve. Finance cost will continue to increase due to the Rs 3,000 crore project to add 2,000 beds across India over the next three years. The integrated care dilution will continue over the next year but we hope to maintain a decent level of cash burn.' She added that a large part of the funding will come through bank borrowings and non-convertible debentures (NCDs) as needed. So far, Rs 800 crore has been raised for projects already signed. The CFO noted that about Rs 1,500–2,000 crore in loans might be raised in this fiscal, depending on upcoming project developments. 'We are exploring opportunities to expand, some might be inorganic as well. Borrowings will be linked to the construction progress of our current projects.' During the quarter, revenue from international patients declined, primarily due to reduced footfall from Bangladesh. Narayana expects this trend to continue, given ongoing geopolitical tensions. 'The goal is to keep focusing on domestic growth and see how well we can push the numbers. Eventually, in the next two to three years, we believe that revenue contribution from Bangladesh will go down to zero. Not to miss, the country is building its own healthcare infrastructure.' Looking ahead, Narayana expects its integrated care business to account for a larger share of overall revenue. At present, cardiac sciences and oncology contribute approximately 33 per cent and 16 per cent, respectively. On Tuesday, the Clinical Research team and Medha AI developed an artificial intelligence (AI) model that predicts left ventricular ejection fraction from ECG images, enabling early heart failure detection and improved diagnostic access. 'All along we have waited for Western countries to develop these technologies. Today we are developing this because this country is blessed with phenomenally skilled, passionate software engineers and AI experts. This is our strength. We have made massive investments in building the digital platform, which is far ahead of all the other hospitals. With the great combination of a digital platform and the AI tool, healthcare will never be the same,' said Devi Prasad Shetty, chairman and founder of Narayana Health, at a media briefing. The company said that trained on over 100,000 ECG images paired with echocardiogram reports, the model showed strong predictive performance. With external validation across 14 tertiary centres and over 57,000 patients, it identified 97 per cent of individuals with severely reduced ejection fraction (≤35 per cent).
Business Standard
18 hours ago
- Business Standard
Narayana Health aims 10% Group revenue growth in FY26
Bengaluru-heaquartered hospital chain Narayana Health aims to grow its domestic revenue by 10 per cent in the fiscal year 2026, driven by industry benchmarks, a senior company official said. Managing director and CEO Emmanuel Rupert told Business Standard said, 'Last fiscal we did about Rs 4,349 crore in India revenue and we want to grow at a rate at which the healthcare industry is growing at over 10 per cent. We look to be on the same momentum and revenue,' Sandhya J, chief financial officer at Devi Shetty's Narayana Health, said the company plans to scale up its Aditi and Arya health insurance schemes in Karnataka and West Bengal.'The entire healthcare ecosystem is failing in trust. We are on the path to solve trust deficit and episodic interference of fund transfer. On the back of this, we aim to double down our insurance scheme and build a strong customer base in Bengaluru, Shivamogga, Mysore and Kolkata.' Commenting on efforts to improve profit after tax (PAT), which declined 2.3 per cent to Rs 196 crore in Q1 due to increased investments in integrated care and other financial costs, Sandhya noted that PAT optimisation will improve as the India business grows. She added that some clinics have started breaking even, leading to a reduction in losses from the health insurance schemes. 'Over a period of time, we will be able to keep the losses in check and expand margins in the domestic business. PAT should improve. Finance cost will continue to increase due to the Rs 3000 crore project to add 2,000 beds across India over the next three years. The integrated care dilution will continue over the next year but hope to maintain a decent level of cash burn.' Further, she added that a large part of the fund will come through bank borrowings and Non-Convertible Debentures (NCDs) as and when needed. So far, Rs 800 crore has been raised for projects already signed up. However, the CFO noted that about RS 1,500 to Rs 2,000 crore loan might be raised in this fiscal, depending on upcoming project developments. 'We are exploring opportunities to expand, some might be inorganic ones as well. Borrowings will be linked to construction progress of our current projects.' During the quarter, revenue from international patients declined, primarily due to reduced patient footfall from Bangladesh. Narayana indicated that this trend is expected to continue, given the ongoing geopolitical tensions. 'The goal is to keep focusing on domestic growth and see how well we can push the numbers. Eventually, in the next two to three years, we believe that revenue contribution from Bangladesh will go down to to miss, the country is building its own healthcare infrastructure.' Looking ahead, Narayana expects its integrated care business to account for a larger share of overall revenue. At present, cardiac sciences and oncology contribute approximately 33 per cent and 16 per cent, respectively. On Tuesday, the Clinical Research team and Medha AI developed an artificial intelligence (AI) model that predicts left ventricular ejection fraction from ECG images, enabling early heart failure detection and improved diagnostic access. 'All along we have waited for the Western countries to develop these technologies. Today we are developing this because this country is blessed with phenomenally skilled, passionate software engineers, AI experts. This is our strength. We have made massive investment in building the digital platform, which is far ahead of all the other hospitals. With the great combination of a digital platform with the AI tool, healthcare will never be the same,' said Devi Prasad Shetty, chairman and founder of Narayana Health, at a media briefing. The Bengaluru-headquartered private multispeciality hospital chain said that trained on over 100,000 ECG images paired with echocardiogram reports, the model showed strong predictive performance. With external validation across 14 tertiary centers and over 57,000 patients, it identified 97 per cent of individuals with severely reduced EF (≤35 per cent).
