Fujiyama Power Systems Limited has informed the Exchange about capacity addition
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Fujiyama Power Systems Limited has announced a major capacity expansion plan. The Board approved a new ~1.2 GW 'TopCon' solar cell manufacturing facility at Ratlam, Madhya Pradesh, requiring an investment of approximately ₹350 crore. The company currently operates ~1 GW 'Mono PERC' solar cell capacity at its Dadri plant in Uttar Pradesh, running at ~65% utilization. The new facility is part of a backward integration and technology upgradation strategy. Commissioning is expected from Q4 of FY 2026-27. The expansion is driven by upcoming ALMM List-II regulations for solar PV cells effective June 2026, which will boost domestic demand for DCR-compliant solar panels and cells. The project will be funded through debt and internal accruals.
This announcement signals strong growth ambitions and technological advancement. The ₹350 crore investment represents significant capex that could impact near-term cash flows but positions the company competitively for domestic solar market growth. Shareholders may view this positively given the strategic rationale around compliance and margin improvement.