Hind Rectifiers, one of the leading manufacturers of semiconductor devices in India, has witnessed a surge in its stock prices as two of its new plants started commercial production. The company’s shares surged by nearly 18% in the past few days, which has made investors more optimistic about Hind Rectifiers’ future growth prospects.

Hind Rectifiers was established in 1958 and has been manufacturing a wide range of semiconductor devices, electroplating rectifiers, and other power electronics products for more than six decades. The company has been expanding its operations in the Indian and Middle Eastern markets, and it now has four plants located in Nashik, Mumbai, and Dubai. The company has a well-established customer base in various sectors, including automotive, railways, defence, and telecommunications.

Recently, the company announced that it had started the commercial production of two of its new plants in Tami Nadu and Nashik. These two plants will manufacture Thyristor, a critical component for the wind energy sector. With the government’s emphasis on renewable energy and clean energy, the wind energy sector is expected to grow at a rapid pace in India. Hence, Hind Rectifiers’ decision to manufacture Thyristor is in line with this growth trend.

In addition, Hind Rectifiers has taken steps to expand its product offerings in the electroplating rectifiers segment. The company has successfully completed a trial run of a new rectifier product that will cater to the growing demand for Electroplating rectifiers. The company has invested in R&D to develop these new rectifiers to cater to India’s emerging manufacturing sector’s demands.

Furthermore, the company has been focusing more on exports, especially to the Middle Eastern countries. Hind Rectifiers plans to continue expanding its exports while establishing a firm footprint in international markets. The Middle East market has been traditionally sourcing electroplating rectifiers from other countries, and Hind Rectifiers plans to capitalize on this need by offering high-quality, locally manufactured products.

The company’s management is optimistic about its growth prospects, backed by the government’s efforts to boost the manufacturing sector and the rapidly growing renewable energy sector. The wind energy sector, in particular, has lucrative growth potential for Thyristors, which will benefit Hind Rectifiers. The company is confident that its expansion plans will bear fruits, and its supply chain network will give it an edge over its competitors.

Hind Rectifiers’ board of directors has acknowledged the growth potential in the wind energy and electroplating rectifiers segments, which has led the management to invest in modern manufacturing processes and technology. The company has been constantly upgrading its staff’s skill sets to match the evolving market trends and customer demands. The management’s proactive approach and the deployment of best practices in manufacturing have resulted in product quality and reducing manufacturing costs.

Moreover, the company has taken several measures to improve its working capital management, which include reducing the inventory levels and streamlining the accounts receivables. These steps have boosted the company’s free cash flow, which can be used to invest in expanding the manufacturing capabilities and R&D.

In summary, Hind Rectifiers’ stock prices have surged by nearly 18% in the past few days, buoyed by the news that two of its new plants have started commercial production. The company’s decision to manufacture Thyristors for the wind energy sector and the new Electroplating rectifiers segment is in line with the government’s push towards clean energy and the emerging manufacturing sector’s demand. With a well-established customer base and footprints in the Indian and Middle Eastern markets, Hind Rectifiers is poised to capitalize on the growing demand for power electronics products. Furthermore, the management’s proactive approach to upgrading skills sets, streamlining operations, and working capital management has put the company on a path of growth and profitability.