Thu Jun 12 16:35:32 UTC 2025: Here’s a summary of the text and a rewritten news article based on it:
**Summary:**
ICICI Bank, in partnership with Tata Memorial Centre (TMC), has commenced construction of a new, state-of-the-art cancer facility at the Homi Bhabha Cancer Hospital and Research Centre (HBCHRC) in Visakhapatnam. ICICI Bank has committed over ₹550 crore to the project, which is part of a larger ₹1,800 crore commitment to establishing new facilities across TMC units. The new facility, named the ICICI Foundation Block for Child and Blood Cancer, will significantly expand HBCHRC’s capacity to treat patients, particularly those with pediatric and hematolymphoid cancers, and is expected to be completed by 2027.
**News Article:**
**ICICI Bank Invests Heavily in New Cancer Treatment Facility in Visakhapatnam**
**VISAKHAPATNAM, June 12, 2025** – ICICI Bank, in collaboration with Tata Memorial Centre (TMC), today announced the start of construction on a new, state-of-the-art cancer treatment facility at the Homi Bhabha Cancer Hospital and Research Centre (HBCHRC) in Visakhapatnam. The “ICICI Foundation Block for Child and Blood Cancer” represents a significant investment in cancer care for the region.
ICICI Bank has committed over ₹550 crore to the project, which will result in an eight-storied building spanning nearly 3.9 lakh square feet. The facility is designed to be one of the largest specialized cancer centers in eastern India, housing over 215 beds and equipped with cutting-edge medical technology. Once operational, it will be capable of serving an additional 3,000 patients annually, significantly expanding HBCHRC’s existing capacity. The facility is expected to be completed by 2027, pending necessary approvals.
The project is part of a larger ₹1,800 crore commitment from ICICI Bank to establish three new blocks at TMC units in Visakhapatnam, Navi Mumbai and New Chandigarh. These blocks will house advanced medical equipment, including 19 LINACs and 555 beds, effectively creating regional cancer treatment hubs.
“This project reflects the commitment of the bank to enable accessible and high-quality medical care for individuals in need,” said Pradeep Kumar Sinha, Chairman of ICICI Bank, at the foundation stone unveiling. The bank also inaugurated the N.K. Rao Auditorium, supported by the ICICI Foundation.
Dr. Umesh Mahantshetty, Director of HBCHRC, Visakhapatnam, stated that the donation would greatly advance cancer treatment and research, particularly for pediatric and hematolymphoid cancers in the region. The new block will allow the hospital to augment their existing services for approxiamtely 200 new pediatric cancer and 350-400 haematolymphoid cancer patients each year.
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