PROJECT

Projects

Environmental & Social Review Summary

Project Number

25969

Company Name

APOLLO HOSPITALS ENTERPRISE LIMITED

Date ESRS Disclosed

Apr 22, 2009

Country

India

Region

South Asia

Last Updated Date

Jun 3, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : Jun 17, 2009
Signed : Jun 18, 2009
Invested : Jan 6, 2010

Sector

Hospitals and Clinics

Industry

Health, Education and Life Sciences

Department

Regional Industry - MAS Asia & Pac

Project Description

Apollo Hospitals Enterprise Limited (“Apollo”, “AHEL” or the “Company”), founded in 1979, is the parent company of the largest private integrated healthcare group in India and recognized as leader in the management and delivery of high quality tertiary care in Asia.

The proposed project by Apollo Hospital Enterprise Limited, the largest private integrated healthcare group in India, involves an investment of up to $200 million over the next several years to fund expansion and equipment purchases for Apollo’s existing hospitals and to develop the Apollo Reach network of hospitals.

Apollo Reach Hospitals have been especially designed for less developed population centers in the semi urban and rural areas of India and are smaller, simpler and offer exhaustive service offerings like Apollo’s existing facilities, deliver similar quality care costing less overall to the patient. The first three Reach hospitals are located in Karimnagar, Kakinada and Karur. Additional Reach hospitals will be established in semi-urban and rural areas, initially in the states of Andhra Pradesh and Tamil Nadu, India.

IFC is considering a $35 million “A” loan and a $15 million stand-by (“C”) loan to partially fund the company’s expansion plan.
(“Project”).

Overview of IFC's Scope of Review

IFC’s review of this investment consisted of appraising technical, environmental and social information submitted by Apollo Hospitals Enterprise Ltd. (“AHEL” or the “Company”) including: plans for the proposed Apollo Reach Hospitals, various design guidelines (such as architectural briefs, design and build pre-requisites), contract documents, site checklists, waste management authorizations and waste and emissions monitoring data for existing hospitals, etc. This also included a review of the operations and E&S management practices of the first operational Reach hospital in Karimnagar in Andhra Pradesh.

The appraisal also included site visits to AHEL’s flagship hospital in Chennai and discussions with AHEL’s top management as well as the project team in-charge of design and development of Apollo Reach Hospitals.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Client Documentation

File Name Actions
AHEL2_ESAP_for_Final_for_Disclosure.pdf