The clean energy arm of the Aditya Birla Group, Aditya Birla Renewables (ABRen), has secured an investment commitment of ₹20 billion (~$222.37 million) from Global Infrastructure Partners (GIP), a part of BlackRock, with a greenshoe option to invest an additional ₹10 billion (~$111.18 million).

The proposed investment by GIP will be made through one or more preferential issues of shares on a private placement basis. The shares to be issued will comprise compulsory convertible preference shares and equity shares.

GIP will have the option to invest an additional ₹10 billion (~$111.18 million) in the form of equity shares, pro rata to its shareholding in ABRen.

Standard Chartered Bank acted as the sole financial advisor to ABRen on the GIP transaction.

The GIP investment translates into an enterprise value of ₹146 billion (~$1.62 billion) for ABRen.

ABRen has also secured ₹5 billion (~$55.59 million) from Essel Mining & Industries, also part of the Aditya Birla Group, through a preferential issue of equity shares on a private placement basis. ABRen said it will use the funds to meet its urgent business needs.

The board of Grasim Industries, an Aditya Birla Group company, approved the proposed investment/acquisition of shares in ABRen. Post the completion of the transaction, ABRen will cease to be a wholly owned subsidiary of Grasim.

ABRen had a pan-India renewable energy portfolio of ~4.3 GW across 10 states. The company said it aims to reach more than 10 GW in the coming years.

In August 2025, Vodafone Idea entered into a power purchase agreement with Aditya Birla Renewables SPV 3 to procure power from an upcoming 4 MW captive solar power project in Maharashtra.

In 2024, Grasim Industries announced an investment of ₹12.5 billion (~$150.3 million) from the International Finance Corporation, the private sector arm of the World Bank Group. The company said IFC’s investment was through subscription to non-convertible debentures.

In the same year, ABRen raised ₹25 billion (~$299.26 million) through a private placement of non-convertible debentures.