Fujiyama Power Systems has commissioned a 1.2 GW TopCon solar cell manufacturing facility at Ratlam, Madhya Pradesh, with an investment of ₹350 crore funded through debt and internal accruals. Commercial operations are expected to begin in Q1 FY2028. The project strengthens the company’s backward integration strategy, complementing its existing 1 GW Mono PERC cell plant in Dadri and 2,000 MW solar module capacity in Ratlam.
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