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Arun Dhital
May 22, 2026 | Updated 12:31 PM GMT+5:30
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Fujiyama Power Systems has announced plans to establish a 1.2 GW TopCon solar cell manufacturing facility in Ratlam, Madhya Pradesh, marking a significant expansion of its domestic production footprint, the Business Standard reported.
The company currently runs a 1 GW Mono PERC solar cell manufacturing unit at its Dadri plant in Uttar Pradesh. The addition of the Ratlam facility will bolster Fujiyama’s integrated manufacturing capabilities across the solar value chain, the company said in a statement.
Commercial operations at the Ratlam plant are scheduled to begin in the first quarter of FY2028. The project entails an estimated investment of Rs 350 crore, to be financed through a mix of debt and internal accruals.
“This expansion strengthens our backward integration, enhances cost control and ensures consistent availability of DCR-compliant solar cells… With our recent inclusion in the MNRE’s ALMM-II list for solar cells, we are well-positioned to cater to the domestic demand of DCR Solar Panels and expand our presence in the on-grid rooftop solar market, mainly under Pradhan Mantri Surya Ghar Muft Bijli Yojna,” said Chairman and Joint Managing Director Pawan Kumar Garg.
Garg added that the Ratlam facility will significantly strengthen our competitive positioning and support our vision of solarising Indian households through reliable, high-quality and indigenously manufactured solar solutions.
Fujiyama Power Systems is among the prominent providers of rooftop solar solutions in India, with a product range spanning solar panels, inverters, lithium and tubular batteries, chargers and power-electronics systems.
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