Fujiyama Power Systems is planning to establish a 1.2 GW TOPCon solar cell manufacturing facility in Madhya Pradesh, India, to enhance its presence in the on-grid rooftop solar segment. The facility, set to commence commercial production in the first quarter of fiscal year 2028, will be financed through debt and internal accruals. This expansion is aimed at reducing cost volatility, securing DCR-compliant solar cell supply, improving margins, and solidifying the company's position in India's rooftop solar market. Being included in the Ministry of New and Renewable Energy's ALMM-II list positions Fujiyama Power Systems to benefit from the increasing demand for DCR solar panels under the Pradhan Mantri Surya Ghar Muft Bijli Yojana.