BlackRock’s infrastructure arm, Global Infrastructure Partners (GIP), has invested about $225 million, or nearly ₹2,000 crore, in Aditya Birla Renewables (ABR). This is one of the largest private investments in India’s clean energy sector.
The deal gives GIP a minority stake in the company. Aditya Birla Renewables is the renewable energy arm of Grasim Industries. Grasim is part of the Aditya Birla Group. GIP can also invest an additional ₹1,000 crore at a later stage. This could take the total investment to around ₹3,000 crore.
After the deal, the company’s value is estimated at about ₹14,600 crore, including debt. The transaction still needs regulatory approvals and other standard clearances.
The fresh funds will be used to expand the business. Aditya Birla Renewables plans to increase its power capacity to more than 10 gigawatts in the coming years. At present, the company has about 4.3 gigawatts of projects. These are either operational or under construction. The projects are spread across several Indian states.
The company works on solar power plants. It also runs wind-solar hybrid projects. It is developing floating solar plants. It is also working on round-the-clock renewable power projects.
Experts say this deal shows strong global confidence in India’s renewable energy market. BlackRock’s support highlights growing interest from international investors. These investors see long-term potential in India’s clean energy sector.
The deal also shows the growing role of private capital. Such investments are helping India move towards cleaner energy. They reduce dependence on fossil fuels.
Once approvals are in place, Aditya Birla Renewables is expected to speed up its expansion. The company is likely to bid for more projects. It aims to strengthen its position in India’s renewable energy market.
