Global Infrastructure Partners to invest up to Rs 3,000 Crores in ABREN
9th December 2025
Aditya Birla Renewables Limited (ABREN), a subsidiary of Grasim, has finalized an investment by Global Infrastructure Partners (GIP), part of BlackRock, one of the world's leading infrastructure investors, of up to Rs 3,000 Crores, with a commitment of Rs 2,000 Crores (~USD $225 Mn) and a greenshoe option to invest another Rs 1,000 cr (~USD 110 Mn)
This deal marks one of the largest primary commitments for a minority stake in a renewables platform in India. The GIP investment translates into an enterprise value of ~Rs 14,600 Crores for ABREN
ABREN has achieved robust organic growth, building a diversified pan-India renewable energy portfolio of ~4.3 GW across 10 states. This portfolio delivers solar, hybrid, floating solar, round-the-clock renewable power, reinforcing ABREN’s formidable position in sustainable energy
The transaction is subject to receipt of necessary statutory and regulatory approvals and completion of other conditions precedent
Standard Chartered Bank acted as the sole financial advisor to ABREN on this transaction
About Aditya Birla Renewables Limited (“ABREN”): ABREN is the renewable energy holding company of the Aditya Birla Group and a wholly owned subsidiary of Grasim Industries Ltd. ABREN has emerged as one of India’s largest Commercial and Industrial (C&I) focused renewable energy platforms with a portfolio of ~4.3 GW
ABREN enjoys a strong leadership position in the C&I power segment. Leading corporates such as Grasim, Hindalco, UltraTech, Century Enka, among others, partner with ABREN to develop and operate captive renewable power projects
ABREN is also at the forefront of India’s transition towards clean, affordable, and sustainable energy through active partnerships with the public sector. Its customer base includes government utilities, including those in Gujarat, Karnataka, Maharashtra, Odisha
About Global Infrastructure Partners (“GIP”): Global Infrastructure Partners (GIP), a part of BlackRock, is a leading infrastructure investor that specializes in investing in, owning and operating some of the largest and most complex assets across the energy, transport, digital infrastructure and water and waste management sectors. With energy pragmatism central to its investment thesis, GIP is well positioned to support the global energy transition
GIP’s scaled platform has over $189 billion in assets under management. GIP believes that its focus on real infrastructure assets, combined with its deep proprietary origination network and comprehensive operational expertise, enables it to be responsible stewards of its clients’ capital and to create positive economic impact for communities