Grasim Industries, an Aditya Birla Group company, will invest ₹36 million (~$403,320.60) to acquire a 29% equity stake in GMR Kalinga Solar Power, a special-purpose vehicle of GMR Energy.

GMR Kalinga is developing a 10 MW solar project from which Grasim will procure power for its chemical manufacturing facility in Ganja, Odisha.

The procurement of power from GMR Kalinga will help Grasim optimize its power costs and comply with captive power consumption requirements.

The acquisition is expected to be completed within 30 days of the share purchase and shareholders’ agreements.

As of the financial year (FY) 2025, around 6.5% of Grasim’s total energy consumption comes from renewable sources. The company has achieved an 11% reduction in emissions intensity compared to its FY 2024 base. Total renewable energy consumption has risen to more than 3.8 million MWh, indicating both a scale-up in green power procurement and increased integration of renewables at the plant level.

Grasim has set a target to reach net zero by 2050.

In its annual business responsibility and sustainability report, the company stated that it is increasing the share of renewable sources for producing chlor-alkali, linen and wool, and porcelain and composite insulators. It consumed 4.32 gigajoules (GJ) from renewable sources in FY 2025, down slightly from 4.58 GJ in FY 2024.

Recently, 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.

In March 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.

In April this year, UltraTech Cement, another Aditya Birla Group company, announced it would source renewable energy from AMPIN Energy Transition’s SPV AMPIN C&I Power Eight. The company entered into energy supply, share subscription, and shareholders agreements to acquire a 26% equity share in the SPV, investing ₹255 million (~$2.98 million).