BlackRock to Invest up to INR 3000 Crore in Aditya Birla Renewables

Aditya Birla Renewables Ltd (ABREN), a subsidiary of Grasim Industries, has secured an investment of up to INR 3,000 crore (USD 335 million) from Global Infrastructure Partners (GIP), part of the BlackRock group. 

The funding includes a firm commitment of INR 2,000 crore, along with a greenshoe option of INR 1,000 crore, which will give GIP a minority stake in ABREN. The deal values Aditya Birla Group’s clean energy business at around INR 14,600 crore.

Commenting on the partnership, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, said, “India stands at the cusp of an energy transformation, arguably one of the largest anywhere in the world. The scale of the renewables opportunity in India is extraordinary, driven both by the urgent imperative of decarbonisation and the sheer arithmetic of demand.”

Birla emphasised that the GIP investment is crucial for the company’s overall target of achieving a renewable capacity of 10 GW in the coming years.

“We see our renewables business emerging as a powerful growth engine for the Group — technologically advanced, capital-efficient, and deeply aligned with the future India is building,” Birla added.

Jayant Dua, Business Head of Aditya Birla Renewables, said, “ABREN is on an accelerated growth journey. We aim to build a comprehensive renewables platform with a presence across all major technologies, focusing on both Commercial and Industrial (C&I) segment and utility-scale projects.”

Broader Context and Market Parallels

GIP’s entry into ABREN follows a rising trend among global investors actively backing India’s clean energy platforms. The country’s ambitious renewable energy targets and policy push continue to draw significant foreign capital into the sector.

The Aditya Birla Group’s move mirrors recent strategies by other large Indian conglomerates such as the Tata Group and Adani Group, which have also welcomed outside investors into their renewables operations. 

Previously, Qatar’s Nebras Power had been in discussions to acquire a 49 percent stake in Aditya Birla Renewables, though the deal did not go through. BlackRock’s infrastructure arm was among the interested parties even at that stage.

ABREN has developed a diversified renewable energy portfolio totalling 4.3 GW across ten Indian states. This includes solar, wind, hybrid, floating solar, and round-the-clock green power projects. The company said the investment underscores its expanding footprint and strengthens its position in the country’s sustainable energy market.