Grasim Industries, a flagship company of the Aditya Birla Group, will procure renewable power from a 52.3 MW wind-solar hybrid project being developed by Ampin C&I Power Thirty in Harihar, Karnataka.

The project comprises 25.30 MW of solar capacity and 27 MW of wind capacity. Ampin C&I Power Thirty is a special-purpose vehicle (SPV) incorporated to develop the hybrid renewable energy facility under the group captive model.

Grasim said the project will help meet its green energy requirements, optimize energy costs, and comply with regulatory requirements for captive power consumption under electricity laws.

The company will invest up to ₹306 million (~$3.18 million) in one or more tranches to acquire a stake in the special purpose vehicle. The transaction will be completed through cash consideration. After the transaction, Grasim will hold a 26% equity stake in Ampin C&I Power Thirty.

The acquisition is expected to be completed within 180 days from the execution of the energy supply agreement, share subscription agreement, and shareholders’ agreement between the parties.

Grasim has set a target to reduce the Scope 1 and Scope 2 emissions intensity per unit of production by 45% by 2030, relative to the financial year 2022 baseline. The company aims to achieve net zero operations for Scope 1 and Scope 2 emissions by 2050. Its Scope 3 targets cover 90% of base-year emissions.

The company’s renewable energy consumption rose to 3,859,333 MWh in the financial year 2025 from 3,453,667 MWh in the financial year 2024 and 1,765,172 MWh in the financial year 2022.

Renewable energy accounted for 6.5% of Grasim’s total energy mix in the financial year 2025. The company has set a target to increase this share to 16% by the financial year 2030.

Grasim has around 1.93 GW of renewable energy capacity across solar, wind, and hybrid power projects. Its renewable energy business serves the power needs of both group companies and utilities.

Last November, Grasim Industries announced that it would invest ₹36 million (~$403,320.60) to acquire a 29% equity stake in GMR Kalinga Solar Power, a special-purpose vehicle of GMR Energy.

In the same month, Solar engineering, procurement, and construction company Prozeal Green Energy signed a power purchase agreement with Grasim Industries for a 70 MW wind–solar hybrid power project.