RIR Power Electronics Ltd — Important, 02-09-2025: Company Update

RIR POWER ELECTRONICS LIMITED has received a significant Capital Subsidy and Fiscal Support Incentive totaling Rs. 32.56 Crores from the Government of Odisha. This crucial financial support is specifically allocated for Phase I of its Silicon Carbide (SiC) manufacturing plant located in Bhubaneswar. This development provides a direct cash inflow, strengthening the company's financial position and supporting the ongoing establishment of this strategic manufacturing unit. It underpins the company's growth initiatives in the advanced power electronics segment.