Fujiyama Power Systems starts solar panel manufacturing facility at Ratlam

Fujiyama Power Systems Ltd. | Electronics - Components | Capital Goods & Industrial Consumables | BSE: 544613 | NSE: UTLSOLAR

15 May 2026 Evaluate

Fujiyama Power Systems has commissioned its 2,000 MW solar panel manufacturing facility at Ratlam, Madhya Pradesh. The Ratlam facility is a part of the company’s large scale greenfield manufacturing expansion project being developed to strengthen the company’s integrated solar manufacturing capabilities. The facility has been developed with a planned manufacturing capacity of 2,000 MW each for solar panels, batteries and inverters.

The plant will initially operate at an annualized capacity of around 1,000 MW under a single-shift operation, with gradual ramp-up planned in phases. Furthermore, it is expected to be gradually ramped-up through double shifts operations to achieve full capacity utilization by Q4FY27. With the commissioning of the Ratlam solar panel manufacturing facility, the company’s total solar panel manufacturing capacity has increased to 3,568 MW.

At the same facility, the commissioning timelines for the power electronics and battery manufacturing capacities experienced certain delays as the Company incorporated the latest advancements in lithium-ion battery technology to ensure that its products remain relevant and competitive in the evolving market. In addition, certain geopolitical developments impacted supply timelines during the execution phase. With these factors now largely addressed, the inverter manufacturing line is expected to be commissioned in the first quarter of FY27 and the requisite machinery has already been received at the facility. Further, machinery orders for the battery manufacturing line have been placed and commissioning is expected in the second quarter of FY27.

Fujiyama Power Systems is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems.

Fujiyama Power Syste Share Price

348.80 -3.85 (-1.09%)

05-Jun-2026 09:37 View Price Chart

Peers

Company Name	CMP
Vikram Solar	214.90
Syrma SGS Technology	1226.30
Saatvik Green Energy	468.15
Kaynes Technology	3206.00
Fujiyama Power Syste	348.80
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