
Business Update22 Oct 2026, 01:32 pm
Sandur Manganese Forays into Medical Devices
AI Summary
Sandur Manganese & Iron Ores Ltd (SMIORE), through its wholly owned subsidiary Royal Sandur MedTech Private Limited, is diversifying into the Medical Devices and Consumables business. The subsidiary has leased 6.2 acres of land for 33 years at the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam to set up a manufacturing unit. This move is part of SMIORE's comprehensive diversification strategy to build new growth engines alongside its core mining and metals operations. Further details on capital expenditure and project timelines will be announced later.
Key Highlights
- SMIORE diversifies into Medical Devices and Consumables.
- Subsidiary Royal Sandur MedTech leases 6.2 acres at AMTZ.
- Lease tenure is 33 years with option for freehold conversion.
- This marks a significant step in the company's diversification strategy.
Price Impact
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