RIR Power Electronics

Operating for over five decades, RIR Power Electronics Limited is a niche manufacturer of low and high power semiconductor devices and various power equipment. As a major future project, the company is establishing a ₹6,186 Million Silicon Carbide (SiC) manufacturing plant in Odisha, a first of its kind in India. This new facility aims to create a domestic ecosystem, secure the supply chain, and significantly reduce India's reliance on imported SiC components for the electronics industry. The company's products cater to a wide range of industrial applications in sectors like railways, defence, power generation, engineering, metals, and oil and gas. Its business is boosted by the global shift to alternative energy like electric vehicles, which has created new demand for semiconductors as a core component. For the financial year 2023-24, the company's net profit surged by 19.09%, demonstrating strong performance and growth in its operations.;