Fujiyama Power Systems, a rooftop solar solutions provider, announced that its Board has approved a proposal to set up a 1.2 GW TOPCon solar cell manufacturing facility at its Ratlam plant in Madhya Pradesh.
Currently, the company operates a 1 GW Mono PERC solar cell manufacturing facility at its Dadri plant in Uttar Pradesh. With the addition of 1.2 GW TOPCon capacity at Ratlam, Fujiyama will significantly strengthen its integrated manufacturing capabilities across the solar value chain.
The Ratlam TOPCon facility is expected to commence commercial production in the first quarter of FY2028.
The project will require an estimated investment of INR 350 crore, to be funded through a combination of debt and internal accruals.
The addition of TOPCon solar cell facility forms a key part of the company’s backward integration and technology upgradation strategy. The expansion is aimed at reducing cost volatility, ensuring the timely availability of DCR-compliant solar cells, improving gross margins and strengthening the company’s competitive position in the B2C rooftop solar market.
The implementation of ALMM-II for solar PV cells with effect from June 1, 2026 is expected to accelerate the domestic demand for DCR solar panels and domestically manufactured solar cells, thereby supporting the strategic rationale for the proposed expansion.
“This expansion strengthens our backward integration, enhances cost control and ensures consistent availability of DCR-compliant solar cells,” said chairman and joint managing director, Pawan Kumar Garg. “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. The Ratlam facility will significantly strengthen our competitive positioning.”
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.