(Picture for representative purposes only.) The investment marks one of the largest primary commitments for a minority stake in a renewables firm in India. | Photo Credit: DEEPAK KR

Mumbai

Global Infrastructure Partners, a part of infrastructure investor BlackRock, has committed to buy minority stake in Grasim Industries subsidiary Aditya Birla Renewables for ₹3,000 crore

The deal comes with a commitment of ₹2,000 crore and a greenshoe option to invest another ₹1,000 crore.

The investment marks one of the largest primary commitments for a minority stake in a renewables platform in India.

The GIP investment translates into an enterprise value of ₹14,600 crore for ABREN which is building a renewable energy portfolio of 4.3 GW across 10 States.

The portfolio delivers solar, hybrid, floating solar and round-the-clock renewable power.

Kumar Mangalam Birla, Chairman, Aditya Birla Group said the scale of the renewables opportunity in India ‘is extraordinary, driven both by the urgent imperative of decarbonisation and the sheer arithmetic of demand’.

The renewables platform aims to exceed 10 GW in the coming years, he said.

Jayant Dua, Business Head, ABREN, said the company was well positioned to achieve its growth ambitions by executing large-scale renewable projects.

He said the company aimed to build a renewables platform focusing on both Commercial and Industrial (C&I) segment and utility-scale projects.

Standard Chartered Bank acted as the sole financial adviser to ABREN on this transaction.

Leading corporates such as Grasim, Hindalco, UltraTech, Century Enka, among others, partner with ABREN to develop and operate captive renewable power projects.

GIP’s scaled platform has over $189 billion in assets under management.

Published on December 9, 2025