RIR Power Electronics Limited is a manufacturer of semiconductor devices, specializing in power electronics components such as diodes and rectifiers, used across diverse industrial sectors including railways and defense.

The company is establishing India's first complete Silicon Carbide fabrication plant in Bhubaneswar, aiming to enhance India's self-reliance in high-performance power electronics.

They achieved a 36% revenue growth year-on-year in Q2 FY26, with EBITDA margins improving by 392 basis points to 17.01%, demonstrating effective cost management and operational efficiency.

The company recently shipped 10,000 silicon carbide devices for the Indian Navy, marking a significant milestone in their application of advanced power semiconductor technology.

Significant fiscal support has been secured from the Odisha government for their new semiconductor facility, indicating strong government backing for their strategic initiatives.