Fujiyama Power Systems announced plans to establish a 1.2 GW TopCon solar cell manufacturing facility in Ratlam, Madhya Pradesh, as part of its strategy to strengthen domestic solar manufacturing capabilities and expand its presence in India’s fast-growing rooftop solar market. The proposed facility will significantly enhance the company’s integrated solar manufacturing operations while supporting the government’s push for indigenously produced renewable energy solutions.
Ratlam Facility to Strengthen Solar Manufacturing Capacity
At present, Fujiyama operates a 1 GW Mono PERC solar cell manufacturing facility at Dadri in Uttar Pradesh. With the addition of the new 1.2 GW TopCon capacity at Ratlam, the company aims to strengthen its backward integration across the solar value chain. The expansion will help Fujiyama improve supply-chain reliability, enhance cost efficiency and ensure a steady supply of domestically manufactured DCR-compliant solar cells for the Indian market.
Commercial Operations Expected by FY2028
According to the company, commercial production at the Ratlam facility is expected to begin in the first quarter of FY2028. The project will involve an estimated investment of Rs 350 crore, which Fujiyama plans to finance through a combination of internal accruals and debt. The company believes the investment will further improve its manufacturing competitiveness and support long-term growth in India’s renewable energy sector.
Focus on DCR Solar Panels and Rooftop Solar Market
Chairman and Joint Managing Director, Pawan Kumar Garg said the project will strengthen the company’s backward integration while improving cost control and ensuring consistent availability of DCR-compliant solar cells. He also highlighted that Fujiyama’s recent inclusion in the Ministry of New and Renewable Energy’s ALMM-II list for solar cells positions the company to cater to rising domestic demand for DCR solar panels. In addition, the company plans to expand its footprint in the on-grid rooftop solar segment, particularly under the government’s Pradhan Mantri Surya Ghar Muft Bijli Yojna initiative aimed at accelerating residential solar adoption across India.
Supporting India’s Solarisation Goals
Garg further stated that the Ratlam facility will strengthen Fujiyama’s competitive position in the renewable energy market while supporting its vision of “solarising Indian households” through reliable, high-quality and locally manufactured solar solutions. The company expects growing demand for rooftop solar systems, driven by government incentives, rising electricity costs and increasing awareness about clean energy adoption. As reported by business-standard.com, with the upcoming Ratlam project, Fujiyama is expected to further strengthen its role in India’s expanding renewable energy manufacturing ecosystem.
