Fujiyama Power Systems to set up 1.2 GW solar cell facility at MP's Ratlam

Fujiyama Power Systems on Friday said it is planning to set up a 1.2 GW TopCon solar cell manufacturing facility at Ratlam, 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 company said in a statement. The commercial operations of the Ratlam TopCon facility are expected to commence from Q1 of FY2028, the company said, adding that the estimated investment for the project is Rs 350 crore, which will be funded through a combination 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 DC

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