Aditya Birla Renewables Limited (ABREN), a subsidiary of Grasim Industries, has finalized a major investment agreement with Global Infrastructure Partners (GIP), part of BlackRock and one of the world’s leading infrastructure investors. The proposed infusion—amounting to up to ₹3,000 crore—marks one of the largest primary minority stake commitments in India’s renewable energy sector.
Under the agreement, GIP will invest ₹2,000 crore (~USD 225 million), with an additional greenshoe option of ₹1,000 crore (~USD 110 million). This positions ABREN at an enterprise valuation of approximately ₹14,600 crore, reflecting strong institutional confidence in its operational scale and long-term potential.
ABREN has delivered consistent organic growth, building a diversified renewable energy portfolio of nearly 4.3 GW across 10 states. The platform includes solar, hybrid, floating solar, and round-the-clock renewable power projects, reinforcing its strategic presence in India’s accelerating clean-energy landscape. The investment is expected to support further expansion, enhance project development capabilities, and strengthen ABREN’s role in providing sustainable power solutions nationwide.
The transaction remains subject to statutory and regulatory approvals, along with the completion of customary conditions precedent. Standard Chartered Bank acted as the sole financial advisor to ABREN for this transaction.
