Fujiyama Power Systems Limited (NSE: UTLSOLAR | BSE: 544613), formerly Fujiyama Power Systems Private Limited, announced on August 7, 2026, the commissioning of a new 2 GW power electronics manufacturing facility in Ratlam, Madhya Pradesh. The launch was disclosed to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This facility serves as a critical expansion of the company’s manufacturing base, targeting the high-growth rooftop solar and backup power sectors.
Operational Metrics and Financial Performance
The Ratlam facility is dedicated to the production of high-efficiency power electronics and conversion systems. Detailed manufacturing and financial specifications include:
- Product Portfolio: Manufacture of solar inverters, Uninterruptible Power Supply (UPS) systems, and integrated power electronics solutions.
- Capacity Expansion: The addition of 2 GW brings the company’s consolidated power electronics manufacturing capacity to 4.2 GW.
- Phased Ramp-up: Initial operations are scheduled at an annualized capacity of 1,000 MW under single-shift operations. The facility is projected to achieve full capacity utilization by Q4 FY27 through the introduction of double-shift cycles.
The commissioning follows the company’s Q1 FY27 financial results. Fujiyama reported revenue from operations of Rs 1,345.7 crore for the quarter, more than doubling the Rs 597.3 crore recorded in the same period last year. However, standalone net profit fell 14.5% year-on-year to Rs 57.8 crore, impacted by an exceptional tax item of Rs 107.4 crore. Excluding this item, normalized Profit After Tax (PAT) stood at Rs 165.2 crore.
Integration within the Ratlam Manufacturing Complex
The power electronics unit completes a major segment of the greenfield expansion at the Ratlam site, which is designed as an integrated platform for the rooftop solar value chain. The complex currently encompasses the following technical milestones:
- Solar Module Production: A 2 GW solar panel manufacturing line was commissioned at the site in May 2026, increasing the company’s total module capacity to 3,568 MW.
- Energy Storage Development: The construction of a 2,000-MW lithium-ion battery manufacturing unit is progressing as scheduled, with commissioning expected in Q2 FY27.
- Solar Cell Expansion: The company is advancing a 1,200-MW solar cell manufacturing facility requiring an investment of approximately Rs 350 crore. This unit will facilitate a technological transition from existing Mono-PERC processes toward high-efficiency TOPCon (Tunnel Oxide Passivated Contact) technology.
Market Strategy and Distribution Infrastructure
Fujiyama’s expansion aligns with the rising domestic demand for decentralized renewable energy. The company’s business model is characterized by:
- Segment Focus: Primary targeting of residential and commercial rooftop solar installations in Tier-2 and Tier-3 markets.
- Portfolio Breadth: A diverse catalog of over 500 Stock Keeping Units (SKUs) including solar panels, inverters, lithium-ion and tubular batteries, and power-electronic systems.
- Distribution Reach: An extensive network of more than 8,900 channel partners providing sales, installation, and after-sales service across India.
Official Company Statement
Chairman and Joint Managing Director Pawan Kumar Garg stated:
“The commissioning of our power electronics manufacturing facility at Ratlam represents another important milestone in Fujiyama’s growth journey… strengthening our manufacturing capabilities enables us to deliver reliable, high-quality products while improving operational efficiencies and supply chain integration.”
Regulatory and Regional Economic Context
The Ratlam investment underscores the industrial transformation of Madhya Pradesh. While the state’s economy remains significantly agrarian, it has recently demonstrated a 9.6% GDP growth rate, supported by rapid strides in the industrial and service sectors. The commissioning of this 2 GW plant further establishes Ratlam as an emerging industrial hub within the state.
Beyond the integrated complex in Madhya Pradesh, Fujiyama Power Systems Limited maintains established manufacturing footprints in Himachal Pradesh (Parwanoo), Uttar Pradesh (Greater Noida and Dadri), and Haryana (Bawal). All corporate disclosures regarding this facility are compliant with the regulatory framework of the SEBI (LODR) Regulations, 2015.
Official Sources & References
- Fujiyama Power Systems Limited – SEBI Regulation 30 Filing (7 August 2026) The official corporate announcement and press release submitted to the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) regarding the commissioning of the 2 GW Ratlam power electronics manufacturing facility. View Original NSE/BSE Exchange Filing (PDF)
- Fujiyama Power Systems Limited (UTL Solar) Official Corporate Website The official corporate website containing company information, product portfolios, and investor relations disclosures. Visit Official Corporate Website
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