Rs 618,00,00,000 Investment: Semiconductor Company to Launch India’s First SiC Semiconductor Production in Odisha
The stock gave multibagger returns of 780 per cent in 3 years and a whopping 7,270 per cent in 5 years.
RIR Power Electronics, a global semiconductor company, is on track to establish India’s First Silicon Carbide (SiC) Semiconductor production facility in Odisha, with the production of Epitaxy Wafer as part of phase 1 production expected to commence by December 2025. This strategic investment of Rs 618 crore to produce high-power SiC devices marks a landmark achievement in advancing India’s semiconductor industry and strengthening domestic manufacturing capabilities under the Make in India Initiative to produce high-power Mosfets and Diodes from 3.3 kV to 20 kV.
The next generation SiC semiconductor facility will focus on manufacturing critical components for electric vehicles, renewable energy systems, power electronics and industrial automation applications. The superior technology of SiC semiconductors provides durability alongside high efficiency to transform power applications, which results in enhanced energy efficiency and operational performance throughout various industries.
Supported by dedicated government backing and RIR's expertise in power electronic solutions, this advanced facility will serve as a key hub for India's growing semiconductor ecosystem. Its implementation will generate employment opportunities, foster local industry collaborations and contribute to regional economic growth, positioning India as a global leader in semiconductor manufacturing.
“We are proud to align with Odisha’s vision of fostering semiconductor manufacturing and innovation. With the support of the Odisha government, we are on track to begin production of Epitaxy Wafer by the end of this year and do the Packaging and SiC Fab in subsequent years,” said Mr. Harshad Mehta, Founder & Promoter, RIR Power Electronics Limited. "This initiative not only propels our company forward but also reinforces India’s semiconductor supply chain."
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About the Company
RIR Power Electronics Ltd., established in 1969 and formerly known as Ruttonsha International Rectifier Ltd, is a global semiconductor company that manufactures power semiconductors. They have had a technological association with International Rectifier, USA, for over two and a half decades. RIR manufactures products ranging up to 9000V and 6000A, including rectifier diodes, phase control thyristors, inverter grade thyristors, power modules, diode bridge rectifiers, customized high-power rectifiers, battery chargers and railway equipment.
RIR Power Electronics is listed on the Bombay Stock Exchange (BSE) and as of 28 March 2025, the market capitalization is over Rs 1,800 crore. The shares of the company have an ROE of 16 per cent and an ROCE of 20 per cent. The stock gave multibagger returns of 780 per cent in 3 years and a whopping 7,270 per cent in 5 years. Investors should keep an eye on this semiconductor stock.
Disclaimer: The article is for informational purposes only and not investment advice.