DBT Bureau
Pune, 22 Jan 2026
Fujiyama Power Systems Limited, one of India’s leading providers of rooftop solar solutions, today announced the planned commissioning of its 1 GW solar cell manufacturing plant located at Dadri, Uttar Pradesh. The plant was inaugurated by Santosh Kumar Sarangi — Secretary, MNRE and Rajesh kulhari — Joint Secretary, MNRE.
The Dadri solar cell plant has been strategically aligned with Fujiyama’s existing manufacturing footprint. The Company currently operates with a total 1.6 GW of solar panel manufacturing capacity, of which 1.2 GW is located at Dadri. The newly added 1 GW solar cell capacity will be utilized entirely for captive consumption. By establishing in-house solar cell manufacturing, Fujiyama is strengthening its supply-chain security, reducing dependence on imported solar cells and improving cost control. This gives Fujiyama a competitive advantage in its solar cell to rooftop solar consumers strategy. The new facility will manufacture Mono Perc DCR solar cells, which will enable Fujiyama to tap into the consumer demand based on government subsidies.
The manufacturing facility has been completed with a total investment of ₹300 crores, funded through a combination of internal accruals and debt.
Commenting on the commissioning, Chairman and Joint Managing Director, Pawan Kumar Garg: “The commissioning of our solar cell manufacturing facility at Dadri represents a significant step in strengthening Fujiyama’s manufacturing integration. The project has been completed within a short period of six months, which is significantly faster than the timelines typically seen for similar projects in the industry, and has also been executed well with savings in the originally budgeted cost. By bringing solar cell production in-house, we are improving visibility and control across the value chain, reducing reliance on imported cells and improving supply reliability for our solar panel operations. As our business is primarily focused on the domestic market with negligible export exposure, this integrated facility also insulates us from global trade uncertainties and tariff related disruptions. | would like to congratulate the entire Fujiyama team for the successful commissioning of the plant. This facility supports our objective of building Indian manufacturing capabilities and positions Fujiyama to profitably capitalize on end-to-end solar solutions as it continues to scale across India.”
Fujiyama Power Systems has a market capitalisation of ₹6,291 crore, with its stock currently trading at ₹206, compared with a 52-week high of ₹231 and a low of ₹192.
(Disclaimer: This information is for educational purposes only. Please consult your financial advisor before taking positions in stocks)
