Commitment strengthens India’s clean energy expansion as ABREN targets 10 GW-plus platform

Aditya Birla Renewables has secured a major investment commitment from Global Infrastructure Partners, part of BlackRock, marking one of the largest primary equity infusions into an Indian renewable energy platform. The agreement covers an investment of up to Rs 3,000 crore, including an initial commitment of Rs 2,000 crore and an additional Rs 1,000 crore available under a greenshoe option. The transaction values the company at about Rs 14,600 crore.

The investment comes at a critical juncture for India’s clean energy transition, as industries and utilities look to accelerate decarbonisation while managing rising demand. ABREN, a wholly owned subsidiary of Grasim, has built a diversified renewable energy portfolio of about 4.3 GW across 10 states, serving both Commercial and Industrial consumers and utility-scale buyers.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group, said the country stands “at the cusp of an energy transformation” that will shape the next several decades. He noted that the combination of decarbonisation imperatives and sustained growth in electricity demand has created a strategic opening for large-scale renewable deployment. Birla said GIP’s entry provides a firm foundation for ABREN’s plan to scale capacity beyond 10 GW.

Jayant Dua, Business Head at ABREN, said the company is on an accelerated expansion path and aims to build a comprehensive renewables platform across major technologies. He added that ABREN will continue to pursue complex, large-scale renewable projects aimed at meeting the rising demand from industry and state utilities.

Raj Rao, President and Chief Operating Officer at GIP, said the partnership aligns with India’s long-term climate and industrial goals. He said the combination of GIP’s global infrastructure experience and the Aditya Birla Group’s industrial capabilities can help develop ABREN into a leading platform supporting India’s decarbonisation efforts.

The investment underscores a shift in India’s energy landscape, where renewable power is becoming central to industrial competitiveness and national energy security. With rising demand from Commercial and Industrial consumers for reliable, low-carbon power, platforms such as ABREN are expected to play a wider role in delivering round-the-clock renewable energy solutions.

The transaction is subject to statutory and regulatory clearances. Standard Chartered Bank served as sole financial adviser to ABREN.

ABREN partners with leading corporates including Grasim, Hindalco, UltraTech and Century Enka, and works with state utilities in Gujarat, Karnataka, Maharashtra and Odisha as part of its growing public-private portfolio.