5,600 Per cent Multibagger Returns: Company Announces Inauguration of New Silicon Carbide-Based Semiconductor Manufacturing Facility in Odisha!
The company’s shares have delivered a multibagger return of over 230 per cent in just 1 year.
RIR Power Electronics Limited a Small-Cap company has announced the inauguration of its new Silicon Carbide-Based Semiconductor Manufacturing Facility in Odisha. The official ceremony will be held on Friday, September 6, 2024, at 11:30 AM at the Flatted Factory Building, EMC Park, Infovalley, Khurdha, Bhubaneshwar, Odisha. The event will feature Shri. Mohan Charan Manjhi, Honourable Chief Minister of Odisha, as the Chief Guest. This new facility represents a significant advancement in the company's Silicon Carbide-based technology capabilities.
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.
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Recently, the company announced an expansion into high-growth sectors. Key Highlights of the New Segments are as follows:
- 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.
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 2235.30 each on the BSE. Additionally, the shares have delivered a multibagger return of over 230 per cent in 1 year.
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Disclaimer: The article is for informational purposes only and not investment advice.