The bhoomi pujan ceremony for the project was held on Sunday.
The new hospital will be one of the largest cancer care facilities in the country, with a 60-bed Bone Marrow Transplant Centre — the biggest in India and among the largest in South Asia.
The project, covering 2.4 lakh sq. ft., will be built by Larsen & Toubro (L&T) at a cost of ₹380 crore and is expected to be ready by July 2027, BSE said in a statement.
Once completed, the centre will treat around 1.3 lakh outpatients every year and perform over 600 bone marrow transplants annually, offering care free or at very low cost to patients in need.
ACTREC, established by the Tata Memorial Centre, an autonomous institution under the Department of Atomic Energy (DAE), Government of India, has been a pioneer in providing affordable cancer care and advanced treatment to patients from across the country.
Apart from serving as a Bone Marrow Transplant Centre, the new hospital block will also function as an Out-Patient Department (OPD) unit for the entire ACTREC campus, where three additional buildings are planned for cancer treatment and research.
“NSE is honoured to partner with Tata Memorial Centre in this landmark initiative. Our aim is to support the healthcare needs of cancer patients and their families and to contribute meaningfully to the fight against cancer in India," Ashishkumar Chauhan, MD & CEO of NSE, said.
The project received final environmental clearance on September 11 and a construction commencement certificate from CIDCO on October 1.