Latest news with #RIRPowerElectronics
Mint
a day ago
- Business
- Mint
Small-cap multibagger stock rises over 4% despite stock market dip; here's why
RIR Power Electronics share price jumped over 4% on Thursday despite the broader weakness in the Indian stock market. The small-cap sock rallied as much as 4.77% to ₹ 225.15 apiece on the BSE. The surge in RIR Power Electronics share price came after the company announced that the government of Odisha approved fiscal support for Phase 1 of the company's Silicon Carbide (SiC) semiconductor plant in Bhubaneswar. 'The Electronics & Information Technology Department, Government of Odisha, has approved fiscal support for Phase 1 for RIR Power Electronics Limited towards its Silicon Carbide (SiC) semiconductor manufacturing facility in Odisha,' RIR Power Electronics said in a regulatory filing. Odisha Computer Application Center (OCAC), the nodal agency for Electronics & Information Technology Department, Government of Odisha has approved and notified the fiscal support agreement for pro-rata disbursement of capital subsidy to the Company, the company added. This project was approved by the State-Level Single Window Clearance Committee (SLSWCC) and the state cabinet in the last fiscal year with a total project cost of ₹ 618 crore for both, phase-1 and phase-2. Capital expenditure incurred is ₹ 65 crore and eligible government capital subsidy is ₹ 32 crore. The facility will manufacture high-power SiC MOSFETs, IGBTs and diodes ranging from 3.3 kV to 20 kV, catering to key industries, including Electric Vehicles (EVs), Renewable Energy and Power Grid Systems, Power Electronics and Industrial Automation. RIR Power Electronics share price has declined 19% over the past month and is down 14% in the last six months. On a year-to-date (YTD) basis, the small-cap stock has fallen 26%. Despite the recent weakness, the stock has shown signs of a short-term rebound, gaining 18% in the past three months. Over the long term, however, RIR Power Electronics share price has delivered exceptional returns. The stock has surged 260% in two years and delivered a staggering 8,185% return in the last five years, making it a notable multibagger in the broader market. At 1:15 PM, RIR Power Electronics share price was trading 2.61% higher at ₹ 220.50 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
a day ago
- Business
- Business Standard
RIR receives state govt. support for SiC semiconductor plant in Bhubaneshwar
The Electronics & Information Technology Department, Government of Odisha, has approved fiscal support for Phase 1 for RIR Power Electronics towards its Silicon Carbide (SiC) semiconductor manufacturing facility in Odisha. Odisha Computer Application Center (OCAC), the nodal agency for Electronics & Information Technology Department, Government of Odisha has approved and notified the fiscal support agreement for pro-rata disbursement of capital subsidy to the Company. This project was approved by the State-Level Single Window Clearance Committee (SLSWCC) and the state cabinet in last fiscal year with a total project cost of ~Rs 618 crore for both, phase-1 and phase-2. Project Financials and Status: Total project cost: Rs 618 crore Capital expenditure incurred: Rs 65 crore and eligible government capital subsidy: Rs 32 crore We extend our sincere gratitude to the Government of Odisha for their forward-thinking support in helping bring this first-of-its-kind SiC semiconductor facility to life. Their backing empowers us to introduce advanced technologies and modern manufacturing capabilities to the state. This development lays a strong foundation for innovation, employment generation, and energy-efficient solutions in electric vehicles, renewables, power electronics, and industrial automation across India, said Dr. Harshad Mehta, Chairman & Director, RIR Power Electronics.
Business Standard
14-07-2025
- Business
- Business Standard
Board of RIR Power Electronics allots 76.73 lakh bonus equity shares
At meeting held on 14 July 2025 The Board of RIR Power Electronics at its meeting held on 14 July 2025 has approved allotment of 76,73,725 equity shares having face value of Rs.10 /- each as fully paid-up Bonus equity shares , in the ratio of 1:1 i.e. 1 (One) New equity shares having face value of Rs.10 /- each for every existing 1 (One) equity shares held, having face value of Rs.10 /- each, to those Shareholders whose names appear in the Register of Members on the record date fixed for this purpose. Further, the Company has also kept a reserve of 2,83,515 equity shares for the purpose of bonus issue of equity shares to the preferential warrant holders upon conversion of the said warrants into equity shares. Pursuant to the above allotment, the paid up equity share capital has increased to 1,53,47,450 equity shares of Rs 10 each.
Business Standard
06-06-2025
- Automotive
- Business Standard
RIR Power Electronics surges after expanding SiC diodes production capacity
RIR Power Electronics jumped 4.49% to Rs 2859.85 after the company announced successful production expansion and shipment of 1200V SiC diodes from Taiwan. The company stated that the expansion of production was made possible through a strategic collaboration with a contract fab at Pro Asia Semiconductor Corporation (PASC), Taiwan and by leveraging technology IP that RIR Power had acquired from Sicamore Semi, USA. The product portfolio includes 1200V Schottky Barrier Diodes (SBDs) ranging from 2 amps to 60 amps, addressing the most common ratings used across multiple applications and markets globally. The company further said that it has already secured purchase orders for the said diodes from Richardson Electronics (USA) and Ankit Plastics (India), both key suppliers to the commercial, industrial and defence sectors. Besides being able to serve existing domestic Indian and the USA customers, shipping from Taiwan would provide RIR Power Electronics improved access to strategic high-growth markets for SiC devices in the South East Asian region. Dr. Harshad Mehta, chairman & director, RIR Power Electronics, said: This achievement marks a significant leap for RIRs power electronics manufacturing capabilities and helps to expedite the ramp up and shipment of SiC devices on 6-Inch wafers from RIRs proposed Odisha Fab. By successfully scaling up world-class SiC technology, RIR Power is positioned to serve global high-growth markets including automotive, industrial, renewable energy, and defence, while strengthening the domestic semiconductor ecosystem. RIR Power Electronics is a global pioneer in high-power semiconductor solutions. Its product portfolio comprises of high-performance semiconductor devices, assemblies, and energy management systems. The company's consolidated net profit declined 12.59% to Rs 2.43 crore despite a 22.67% increase in net sales to Rs 26.46 crore in Q4 FY25 as compared with Q4 FY24.
