Global Infrastructure Partners To Invest Up To ₹3,000 Crores In Aditya Birla Renewables

Aditya Birla Renewables Limited, a subsidiary of Grasim, has secured a significant investment from Global Infrastructure Partners, part of BlackRock, marking one of the largest primary commitments by a private equity player in India’s renewable energy sector. The investment is valued at up to ₹3,000 Crores, with an initial commitment of ₹2,000 Crores, equivalent to approximately USD 225 million, and an additional greenshoe option of ₹1,000 Crores, or around USD 110 million. This deal positions Aditya Birla Renewables, also known as ABREN, at an enterprise valuation of approximately ₹14,600 Crores, reflecting strong investor confidence in its growth trajectory and operational capabilities.

ABREN has built a robust and diversified renewable energy portfolio of about 4.3 GW across ten states in India. This portfolio includes solar, hybrid, floating solar, and round-the-clock renewable power solutions, positioning the company as a leading player in the country’s sustainable energy landscape. The company has demonstrated consistent organic growth, reinforcing its ability to execute large-scale projects and maintain a competitive edge in India’s fast-expanding renewable energy sector.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group, highlighted the strategic significance of this investment, noting that India is at a critical juncture in its energy transformation. He emphasized that the renewables opportunity in India is driven both by the urgent need for decarbonization and the growing demand for energy. According to him, the partnership with GIP will provide a strong foundation for accelerating the development of ABREN’s platform, with a target to reach over 10 GW of capacity in the coming years. He further noted that GIP’s global expertise in operating sophisticated energy assets will support ABREN’s ambition, making the renewables business a key growth engine for the Aditya Birla Group, leveraging technological advancement and capital efficiency aligned with India’s future energy goals.

Jayant Dua, Business Head of ABREN, stated that the company is on an accelerated growth path and views the partnership with GIP as an opportunity to strengthen its market position. He emphasized ABREN’s capability to execute complex, large-scale renewable projects and its commitment to building a comprehensive renewables platform across all major technologies. The company plans to focus on both Commercial and Industrial segments as well as utility-scale projects, aiming to expand its footprint and deliver clean energy solutions across India.

Raj Rao, President and Chief Operating Officer of GIP, expressed enthusiasm about the partnership, noting that the collaboration with Aditya Birla Group will enable innovation at scale in India’s renewable sector. He highlighted GIP’s global infrastructure experience and confidence in India’s renewables market, emphasizing the joint commitment to advancing the country’s energy transition and decarbonization objectives.

The transaction is subject to the completion of statutory and regulatory approvals and other conditions precedent. Standard Chartered Bank served as the sole financial advisor to ABREN for this transaction, ensuring strategic guidance and support throughout the investment process. This investment marks a significant milestone for India’s renewable energy sector, reinforcing the potential for private equity participation in large-scale clean energy platforms and driving the country’s sustainable energy ambitions forward.