Krsnaa Diagnostics jumps after 15-year Punjab PET-CT deal
In short
Krsnaa Diagnostics shares surged after it signed a 15-year deal with Punjab Health Systems Corporation. The company will build and run PET-CT facilities at four government hospitals in Punjab under a public-private partnership.
This could help Krsnaa Diagnostics grow in diagnostics, but the reporting does not say how much the contract is worth or when the service will start. Those details are still unknown.
What the reporting says
Krsnaa Diagnostics shares surged after the company signed a 15-year concession agreement with Punjab Health Systems Corporation for PET-CT diagnostics. The deal gives it entry into the segment and calls for developing and operating facilities at four government hospitals in Punjab under a PPP model. The reporting does not state the contract value or when operations begin, but it signals a new long-term revenue opportunity for the company.
Why it matters
Krsnaa Diagnostics signed a 15-year concession agreement with Punjab Health Systems Corporation, and the market reacted with a sharp share-price rise. The pact takes the company into PET-CT diagnostics and involves developing and operating facilities at four government hospitals in Punjab under a PPP model. The move is positive for Krsnaa’s business outlook, but the reporting does not provide contract economics or start dates.