Fujiyama Power Systems announced that its board has approved the proposal for setting 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, Uttar Pradesh.
With the addition of 1.2 GW TopCon capacity at Ratlam, Fujiyama will substantially strengthen its integrated manufacturing capabilities across the solar value chain.
The commercial operations of the Ratlam TopCon facility are expected to commence from Q1 of FY2028.
The estimated investment for the project is Rs. 350 crore, which will be funded through a combination of debt and internal accruals.
The TopCon Solar Cell project forms a key part of the Company's backward integration and technology upgradation strategy. The expansion is aimed at reducing cost volatility, ensuring timely availability of DCR compliant solar cells, improving gross margins and strengthening the Company's competitive position in the B2C rooftop solar market.
Furthermore, the implementation of ALMM-II for Solar PV Cells with effect from 1st June 2026 is expected to accelerate domestic demand for DCR solar panels and domestically manufactured solar cells, thereby supporting the strategic rationale for the proposed expansion. |