SRL to invest Rs 100 cr for 25 labs by 2013

Super Religare Laboratories (SRL) will invest up to Rs 100 crore to set up 25 laboratories both within and outside the country by the end of next fiscal.

"We will be spending up to Rs 100 crore on a continuing basis to open 25 new laboratories by the end of March 31, 2013," Super Religare Laboratories CEO Sanjeev Chaudhry told reporters here today.

SRL's present network consists of 200 laboratories including 8 reference laboratories, 7 centres of excellence, 19 radiology/imaging centre and over 1,000 collection centres.

Outside the country SRL has presence in Gulf, North Africa, South Asian Association for Regional Cooperation (Saarc) countries and Europe.

The company opened an imaging and diagnostic centre at Vasant Vihar, here.

"This state of art facility is SRL's 200th centre offering complete diagnostic services with an added advantage of out patient department (OPD) facility all under one roof," Chaudhry said.

On being about the time line for listing if SRL, Chaudhry said: "The company is prepared for the listing process. Listing can happen as soon as Fortis decides on this."

Fortis Healthcare, promoted by billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh had acquired 74.59% stake in SRL for Rs 803 crore in May this year.