Solar Stock Jumps Over 50% in CY 2026: Company Approves 1.2 GW TopCon Solar Cell Facility at Ratlam with Rs 350 Crore Investment
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From its 52-week low of Rs 172 per share, the stock has delivered a return of approximately 99.42 per cent.
✨ Key Takeaways
On Friday, shares of Fujiyama Power Systems Ltd closed 1.47 per cent lower at Rs 342.75 per share from its previous closing of Rs 347.85 per share. The stock's 52-week high is Rs 365 per share and its 52-week low is Rs 172 per share. During the session, the stock surged 2.3 per cent to its Intraday high of Rs 355.85 from the previous closing price.
Fujiyama Power Systems Ltd has announced that its Board has approved the setting up of a 1.2 GW TopCon Solar cell manufacturing facility at its Ratlam plant in Madhya Pradesh. The project will involve an estimated investment of Rs 350 crore and is aimed at strengthening the company's integrated manufacturing capabilities across the solar value chain.
The proposed facility is expected to commence commercial operations from Q1 FY2028. The investment will be funded through a combination of debt and internal accruals.
At present, the company operates a 1 GW Mono PERC solar cell manufacturing facility at its Dadri plant in Uttar Pradesh. With the addition of the new 1.2 GW TopCon capacity at Ratlam, Fujiyama aims to significantly expand its domestic solar cell manufacturing capabilities.
The company stated that the TopCon solar cell project is a key part of its backward integration and technology upgradation strategy. The expansion is expected to reduce cost volatility, ensure timely availability of DCR-compliant solar cells, improve gross margins and strengthen its competitive position in the B2C on-grid rooftop solar market.
Fujiyama also highlighted that the implementation of ALMM-II for Solar PV Cells from June 1, 2026, is expected to accelerate domestic demand for DCR solar panels and locally manufactured solar cells. This policy change is expected to support the strategic rationale behind the proposed expansion and further strengthen the company's presence in India's growing rooftop solar market.
The company has a market cap of over Rs 300 crore. The stock price has surged 53.98 per cent in the last YTD.
From its 52-week low of Rs 172 per share, the stock has delivered a return of approximately 99.42 per cent.
What are your views on Fujiyama Power Systems' expansion into TopCon solar cell manufacturing? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.