Date: October 21, 2026
Regulatory Clarification
The company issued this clarification in response to recent media reports concerning China's proposed restrictions on the export of technologies and machinery used in solar cell manufacturing.
Expansion Project Status
- Machinery and equipment required for the company's 1.2 GW DCR (Domestic Content Requirement) solar cell manufacturing facility have already been delivered to its plant at Ratlam, Madhya Pradesh
- The company does not anticipate any material impact of the proposed restrictions on the capital expenditure or timeline of this expansion
- The facility remains on track to be commissioned as originally planned in Q1 of FY 2027-28
- At this stage, the company has not announced any plans for additional solar cell manufacturing capacity
Business Context
- The company is engaged in the retail-focused rooftop solar business
- Business involves manufacturing and supplying Solar Power Generation Systems (SPGS) comprising solar inverters, solar batteries and solar panels
- Solar panel manufacturing represents backward integration of this business
- Solar cell manufacturing represents further backward integration for solar panel manufacturing
- The company's operations are not dependent on any ongoing foreign technology transfer and remain fully unaffected
Additional Information
The information is also being made available on the company's website at www.utlsolarfujiyama.com