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Opto Circuits to invest Rs.200 million in Vizag SEZ

Opto Circuits, a Bangalore based company which manufactures patient monitoring devices like pulse oximeters, multi-parameter monitors, sensors and such other devices in the non-invasive category and in the invasive category it manufactures stents, balloons and catheters. The company has acquired a few units in Vizag SEZ of around 30,000 sq.ft and has started trial production. It could start commercial production by Feb 2010. It may be noted, the company has raised around Rs.4000 million through QIP route on which around Rs.2300 million had been utilized to settle old debts.

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