RIR Power Electronics secures Rs.32.56 crores for Odisha plant

RIR Power Electronics Limited has received a capital subsidy / fiscal support incentive of Rs.32.56 crores from the government of Odisha. This financial support, granted on September 1, 2025, is for Phase I of the company's silicon carbide (SiC) manufacturing plant located in Bhubaneswar, Odisha.

The intimation, filed under Regulation 30, highlights a substantial investment towards the development of advanced semiconductor manufacturing capabilities. This incentive will support the establishment and operationalization of the SiC plant, which is crucial for the company's strategic growth in the power electronics sector.

The announcement was made on September 2, 2025, and signed by Bhavin P. Rambhia, company secretary, for RIR Power Electronics Limited. The company's corporate office is based in Mumbai, Maharashtra, with its factory located in Panchmahals, Gujarat.