RRP Semiconductor Ltd gave great returns to investors with its entry in solar sector, know whether you will also get profit by investing now.

This Company Gave Excellent Returns to Investors with Its Entry into the Solar Sector

RRP Semiconductor Ltd, a notable player in India’s semiconductor industry, recently experienced a remarkable rise in its stock price, hitting the upper circuit of 2%. This surge followed the announcement of new work orders worth approximately ₹440 crore for solar energy PV modules, showcasing the company’s strategic foray into the solar market.

Know Order Details

The company secured a significant contract valued at ₹439.90 crore from Telcon Infratech Pvt Ltd for the supply of silicon solar cells, molten silicon crystals, and polycrystalline materials. This order will facilitate the installation of 106 MW solar energy PV modules across various locations in Maharashtra.

Learn About the Company

RRP Semiconductor Ltd specializes in manufacturing essential semiconductor devices, including diodes and integrated circuits. With plans to expand its operations into OSAT facilities and advanced semiconductor components, the company aims to bolster its growth in both the semiconductor and solar sectors, reflecting its commitment to innovation and sustainability.

With a reported operating revenue of ₹5.11 crore and a profit of ₹1.68 crore for the quarter ending June 2024, RRP Semiconductor is poised for continued growth, enhancing its market presence in both industries.