Semiconductor stock focused on producing various types of semiconductor devices such as diodes, transistors, and integrated circuits hit a 2 percent upper circuit in the day’s trade upon receiving new work orders worth ~Rs. 440 Crores for solar power PV modules.
Price Action
With a market capitalization of Rs. 121 Crores, the shares of RRP Semiconductor Limited hit a 2 percent upper circuit at Rs. Rs. 89.52 per equity share, from its previous day’s close price of Rs. 87.77.
What Happened
RRP Semiconductor Limited, which deals in Semiconductors, digital chips, and other related products, has received a new work order from Telecon Infratech Private Limited Pune Maharashtra, for a consideration of Rs. 439.90 Crores, Marking its entry into Silicon crystalline PV modules, and allow us to expand our service offering”.
The said work order is for the supply and import of silicon solar cells, melted silicon crystals, and polycrystalline materials for 106MW solar power PV module installation in various locations in Maharashtra.
RRP Semiconductor Limited further stated that we are presently focused on building high credibility in Solar, semiconductors in the domain of growing Silicon cells for both Solar and semiconductor applications and exploring further opportunities with OSAT, Chip on Glass, and NAND Flash and memory modules.
About the Company
RRP Semiconductor Limited is engaged in the business of Electronics, Information, and Technology through dealing in semiconductors & digital chips. It focuses on producing various types of semiconductor devices such as diodes, transistors, integrated circuits (ICs), and other related components essential for electronics and technology-driven industries.
It has plans to set up a plant for manufacturing of OSAT /SEMI-Conductor facilities for manufacture, process, trade and market, designing and building of any form of advanced digital chips by/with the use of semiconductors.
For the quarter ended June 2024, RRP Semiconductor Limited generated revenue from operations of Rs. 5.11 Crores, accompanied by profits of Rs. 1.68 Crores thereby delivering earning per share of Rs. 1.19.
Written by: Bharath K.S
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