GIP To Invest ₹3000 Crores In Aditya Birla Renewables To Boost India’s Clean Energy Expansion

Global Infrastructure Partners, part of BlackRock, will invest up to ₹3,000 crores in Aditya Birla Renewables Limited, a subsidiary of Grasim. The commitment includes an initial investment of INR 2,000 crores with an option to invest another ₹1,000 crores. This deal is considered one of the largest primary commitments for a minority stake in an Indian renewable energy platform. The investment values the company at around ₹14,600 crores. Aditya Birla Renewables has grown steadily and built a diversified renewable energy portfolio of about 4.3 GW across ten states. The company’s projects include solar, hybrid, floating solar, and round-the-clock renewable power, strengthening its position in the clean energy sector.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group, said India is undergoing one of the world’s largest energy transformations. He highlighted that the renewable energy opportunity in the country is driven by the need for decarbonisation and rising demand. He said the renewables business plays a key role in both energy security and climate leadership. He added that GIP’s investment is a major milestone and will support the company’s plan to scale its capacity to more than 10 GW. He also said the partnership brings global expertise and strengthens the group’s long-term vision for clean energy.

Jayant Dua, Business Head of Aditya Birla Renewables, said the company is on a fast-growth path and will benefit from GIP’s support as it expands in both the commercial and industrial segments and utility-scale projects. He noted that the company’s experienced team will help in delivering complex and large renewable energy installations. Raj Rao, President and COO of GIP, said the firm is happy to partner with the Aditya Birla Group and aims to support the energy transition in India. He said the collaboration combines GIP’s global experience with Aditya Birla’s industrial strengths to grow the renewables platform further. The transaction is subject to regulatory approvals. Standard Chartered Bank acted as the sole financial advisor for the deal.