RIR Power Electronics, valued at ₹1,257 crore, lists on NSE

RIR Power Electronics Ltd will begin trading on the National Stock Exchange of India from Thursday, adding a dual listing to its existing presence on the BSE, where it has traded since 1986.

The Halol, Gujarat-based semiconductor manufacturer has a current market capitalisation of about ₹1,257 crore. The company makes high-power semiconductor devices used in railways, defence, electric vehicles, and power generation.

The NSE listing is expected to improve stock liquidity and broaden price discovery, widening access for institutional and retail investors, according to the company’s announcement.

Non-Executive Chairman Harshad Mehta said the listing would provide greater visibility in capital markets and strengthen investor confidence. Managing Director and CEO N Ramesh Kumar said the move would help attract diverse investors and channel resources into innovation and expansion.

Founded in 1969, RIR Power Electronics currently operates one manufacturing plant in Halol, Gujarat, and is establishing a second facility in Bhubaneswar, Odisha. The company said the NSE listing is part of a broader strategy to scale technological capabilities and compete globally within India’s semiconductor and power electronics sector.