The Sandur Manganese & Iron Ores Limited (‘SMIORE’) announced its strategic diversification into the Medical Devices and Consumables sector through its wholly-owned subsidiary, Royal Sandur MedTech Private Limited. The subsidiary has leased 6.2 acres of land at the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam for a manufacturing unit. This move marks a significant step in the company’s diversification strategy, with a lease tenure of 33 years.
Strategic Diversification into Medical Sector
The Sandur Manganese & Iron Ores Limited (SMIORE), a prominent mining and metals company, has announced a significant strategic move into the Medical Devices and Consumables business. This venture will be undertaken by its wholly-owned subsidiary, Royal Sandur MedTech Private Limited.
Land Lease at AMTZ
Royal Sandur MedTech Private Limited has secured a long-term lease for a substantial plot of developed land, measuring 6.2 acres (approximately 25,090 square metres), at the Andhra Pradesh MedTech Zone (AMTZ) in Visakhapatnam. The lease deed, executed on 19 October 2026, grants the subsidiary an exclusive right to convert the leasehold rights into freehold ownership after 10 years of business commissioning. The lease tenure is for 33 years.
Future Growth and Strategy
This initiative is a concrete step in SMIORE’s comprehensive diversification strategy, aiming to build new engines of growth alongside its core operations. The company views the Medical Devices and Consumables sector as offering considerable opportunities for domestic manufacturing. AMTZ, with its common manufacturing and scientific facilities, is considered an ideal platform for a new entrant to build capabilities efficiently. Further details on capital expenditure and project timelines will be disclosed in due course.
Industry Welcome
Dr. Jitendra Sharma, Managing Director & Founder CEO of Andhra Pradesh MedTech Zone (AMTZ), welcomed Royal Sandur MedTech, stating that the investment reflects growing confidence in India’s medical technology manufacturing capabilities and reinforces AMTZ’s role in fostering innovation and indigenous manufacturing.
Source: BSE
