Fujiyama Power Systems Commissions 2,000 MW Solar Manufacturing Facility at Ratlam

Fujiyama Power Systems Commissions 2,000 MW Solar Manufacturing Facility at Ratlam​

Fujiyama Power Systems Limited, a leading provider of rooftop solar solutions in India, has announced the commissioning of its 2,000 MW solar panel manufacturing facility in Ratlam, Madhya Pradesh. The expansion marks a significant milestone in the company's efforts to strengthen its integrated solar manufacturing capabilities.

The Ratlam facility is part of a large-scale greenfield expansion project designed to boost the company’s manufacturing scale. The facility has been planned with an overall manufacturing capacity of 2,000 MW each for solar panels, inverters, and batteries.

The plant will initially begin operations at an annualized capacity of approximately 1,000 MW under single-shift operations, with a planned, phased ramp-up. Fujiyama aims to achieve full capacity utilization through double-shift operations by Q4 FY27. With this new commissioning, the company's total solar panel manufacturing capacity has expanded to 3,568 MW.

Update on Power Electronics and Battery Lines​

The commissioning of the power electronics and battery manufacturing lines at the same facility experienced delays. These delays were due to the company incorporating the latest advancements in lithium-ion battery technology to ensure product relevance, alongside impacts from certain geopolitical developments on supply timelines during the execution phase.

Fujiyama has addressed these factors, setting out clear timelines for the remaining units:


The Ratlam expansion strengthens Fujiyama's manufacturing footprint, supporting its long-term strategy of increasing backward integration, improving supply-chain efficiencies, and expanding manufacturing scale across its operations.

Leadership Commentary​

Commenting on the expansion, Pawan Kumar Garg, Chairman and Joint Managing Director, stated that the commissioning of the Ratlam solar panel manufacturing facility represents an important milestone. He noted that the greenfield project enhances the company's ability to serve the rapidly growing domestic rooftop solar market with higher manufacturing scale, improved operational efficiencies, and greater control across the value chain.

Fujiyama Power Systems Limited has maintained a significant market presence over 30 years, offering an extensive portfolio that includes solar panels, inverters, lithium and tubular batteries, chargers, and power-electronics systems. The company operates an integrated manufacturing model spanning four facilities across Himachal Pradesh, Uttar Pradesh, and Haryana. Its business model is predominantly B2C, serving Indian households through a deep distribution network comprising over 8,900 channel partners. The company also has 1 GW of Mono PERC solar cell capacity commissioned and plans an additional 1.2 GW TOPCon solar cell capacity expansion.

UTLSOLAR Stock Price Movement​

Shares of Fujiyama Power Systems Limited are rallying to ₹282.2 as of 12:29 PM, gaining 3.33% in live trading. The stock sees robust market interest, having traded 1.09 million shares in the current session.