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Fujiyama Power Systems plans 1.2 GW solar cell facility in Madhya Pradesh

#Infrastructure News#Industrial#India#Madhya Pradesh#Ratlam
Last Updated : 24th May, 2026
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Synopsis

Fujiyama Power Systems has announced plans to set up a 1.2 GW TopCon solar cell manufacturing facility in Ratlam, Madhya Pradesh, aimed at expanding its domestic production capacity. The company currently operates a 1 GW Mono PERC solar cell plant in Dadri, Uttar Pradesh. The Ratlam unit is expected to begin commercial operations in Q1 FY2028, with an estimated investment of INR 350 crore funded through debt and internal accruals. The expansion focuses on backward integration, cost efficiency and ensuring supply of DCR-compliant solar cells. The company is also part of MNRE ALMM-II list and targets growing rooftop solar demand.

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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, as part of its efforts to expand domestic solar manufacturing capacity. The company already operates a 1 GW Mono PERC solar cell facility at its Dadri plant in Uttar Pradesh, which forms part of its existing production base.


The upcoming Ratlam project is expected to begin commercial operations in Q1 FY2028. The total investment for the facility is estimated at INR 350 crore, which will be financed through a mix of debt and internal accruals, according to the company.

The company informed that the expansion is aimed at strengthening backward integration across the solar value chain, improving cost control and ensuring steady availability of DCR-compliant solar cells. It also highlighted that its inclusion in the MNRE ALMM-II list supports its positioning in the domestic solar manufacturing ecosystem.

Fujiyama Power Systems further noted that the new capacity will help it meet rising demand for domestic content requirement (DCR) solar panels, particularly in the on-grid rooftop solar segment supported by government-led initiatives such as the Pradhan Mantri Surya Ghar Muft Bijli Yojna. The company indicated that the Ratlam facility will also enhance its competitiveness in the broader renewable energy market.

Source PTI
Next (Tariq Premji acquires luxury penthouse in Bengaluru for INR 45.71 crore)

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