3,700 Per cent Multibagger Returns: Power Semiconductors Device Manufacturer Expands into New Business Segments, Stock Hits Upper Circuit Today!
The company’s shares have delivered an impressive return of around 5,400 per cent to its shareholders.
RIR Power Electronics Limited, a leader in power electronics and semiconductors, has strategically expanded into high-growth sectors such as Railways, Defence, Clean Energy, Hydrocarbon, and Mining. This move marks a significant milestone in the company's growth strategy and commitment to innovation.
Key Highlights of the New Segments:
Railways: RIR has fabricated and received approval for OSD 595 (3600V) and OSD 550 (4300V) devices for Diesel and Electric Locomotives, becoming a part-one supplier for Indian Railways.
Defence: The company successfully manufactured devices for an Electro Magnetic Rail Gun and secured a project for an Electro Magnetic Launching System.
Energy: RIR delivered a Rectifier system for the Nuclear Power Corporation of India and a 24 Pulse DC Rectifier for Electrolysis applications in various power plants and oil refineries.
Mining: RIR completed dumper electrification for coal mines using advanced diode technology.
Oil and Gas: Developed and supplied a 24 Pulse DC Rectifier for hydrogenation and electro chlorination applications.
Renewables: Designed and commissioned a Soft Starter for a 1250KW Wind Turbine using SCR Modules.
Dr. Harshad Mehta, Promoter of RIR Power Electronics, expressed excitement about the expansion, emphasizing the company’s commitment to exploring new opportunities and delivering exceptional value to stakeholders. He highlighted that entering these new segments allows RIR to leverage its core strengths and technologies to meet emerging industry needs.
RIR Power Electronics Limited is engaged in designing and manufacturing advanced power electronics solutions, focusing on innovation and energy efficiency. The company offers a wide range of products, including semiconductor devices, power converters, inverters, and energy management systems, catering to industrial, commercial, and residential sectors. RIR remains at the forefront of the power electronics industry, driving progress and sustainability in modern energy systems.
Today, the shares of RIR Power Electronics closed at Rs 2048.80 each on the BSE. Additionally, the shares have delivered a multibagger return f over 3,700 per cent in just 3 years.
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Disclaimer: The article is for informational purposes only and not investment advice.