RIR Power Electronics shares jumped 4% after the company announced its progress in establishing India’s first Silicon Carbide (SiC) semiconductor production facility in Odisha. The phase 1 production, focused on Epitaxy Wafer manufacturing, is set to commence by December 2025. This ₹618 crore investment aims to bolster India’s semiconductor industry under the Make in India initiative.
The facility will manufacture high-power SiC MOSFETs and Diodes ranging from 3.3KV to 20KV, catering to sectors like electric vehicles (EVs), renewable energy, power electronics, and industrial automation. SiC semiconductors offer superior efficiency, durability, and enhanced energy management, revolutionizing power applications across industries.
Government backing and RIR’s expertise in power electronics will drive the project, strengthening India’s position in the global semiconductor market. The facility is expected to generate employment, boost local industry collaborations, and contribute to economic growth.
RIR Power Electronics’ stock opened at ₹2,330.00, reaching a high of ₹2,394.50 and a low of ₹2,200.00 during the session. The stock remains significantly below its 52-week high of ₹4,878.60 but well above its 52-week low of ₹845.00.
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