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Govt of Odisha approves fiscal support for RIR Power Electronics’ SiC semiconductor plant in Odisha

07 Aug 2025 Evaluate

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 Bhubaneswar, 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 around Rs 618 crore for both, phase-1 and phase-2. The progress made above represents a significant step in the company’s efforts to become a leading player from India in the high power semiconductor manufacturing and contribute meaningfully to the Make in India initiative. The facility will manufacture high-power SiC MOSFETs, IGBTs and diodes ranging from 3.3 kV to 20 kV, catering to key industries such as Electric Vehicles (EVs), Renewable Energy and Power Grid Systems, Power Electronics and Industrial Automation.

RIR Power Electronics is engaged in the manufacture of Power Semiconductors.
 


RIR Power Electronic Share Price

182.60 2.15 (1.19%)
17-Apr-2026 16:59 View Price Chart
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