PT Sejahteraraya Anugrahjaya Tbk (SRAJ) has allocated a capital expenditure of around Rp1 trillion for business expansion in 2021.

Sejahteraraya Corporate Secretary Selamat said that the company will use the capital expenditure for the construction of hospitals in Surabaya and Bandung and expansion in Tangerang.

"So far, around 20-25% of capex has been absorbed," he said in his statement on Wednesday (14/7).

According to Selamat, the construction of Mayapada Hospital Surabaya Sungkono has 16 floors and three basements, and currently, the construction has reached field progress of 84.7% overall. The project is targeted for completion by the end of October 2021.

Then, the construction of Mayapada Hospital Bandung Buah Batu has 15 floors and 1 basement. The structural progress of this project has reached 17.1%, of which the work has reached the 3rd floor. The topping off of the structure is planned for early January 2022, and the projec