The Electronics and Information Technology Department of the Government of Odisha has approved fiscal support for Phase 1 of RIR Power Electronics Limited’s Silicon Carbide (SiC) semiconductor manufacturing facility in the state. The Odisha Computer Application Centre (OCAC), acting as the nodal agency, has sanctioned and notified the fiscal support agreement for pro-rata disbursement of capital subsidy to the company.

The project was approved by the State-Level Single Window Clearance Committee and the Odisha state cabinet in the previous financial year. The total cost for both phases is estimated at approximately Rs 6.18 billion.

To date, the company has incurred capital expenditure of around Rs 650 million and is eligible for a government capital subsidy of Rs 320 million.

Dr Harshad Mehta, Chairman and Director of RIR Power Electronics, said, “We are grateful to the Government of Odisha for its visionary support. This facility introduces cutting-edge technology and manufacturing capabilities to the state, laying a strong foundation for innovation, job creation, and energy-efficient solutions in electric vehicles, renewables, power electronics, and industrial automation across India.”

The plant will manufacture high-power SiC MOSFETs, IGBTs, and diodes ranging from 3.3 kV to 20 kV. It will cater to key industries such as electric vehicles, renewable energy systems, power electronics, and industrial automation.