BlackRock to Invest ₹3,000 Crore in Aditya Birla Renewables for Minority Stake
Global investment leader BlackRock has announced an investment commitment of up to ₹3,000 crore for a minority stake in Aditya Birla Renewables (ABR), valuing the company at ₹14,600 crore. The funding includes ₹2,000 crore from Global Infrastructure Partners (GIP)—a BlackRock entity—along with a ₹1,000 crore greenshoe option for potential additional investment.
ABR currently operates a diverse 4.3 GW renewable energy portfolio across ten Indian states, including solar, hybrid, floating solar, and round-the-clock renewable power projects. This strategic investment will enable the company to scale its capacity to 10 GW, strengthening its position as a major clean-energy player in the country.
Chairman Kumar Mangalam Birla emphasized that India’s growing energy demand and decarbonisation goals are driving rapid expansion in the renewable sector. ABR President and COO Raj Rao stated that this partnership combines GIP’s global infrastructure expertise with the group’s operational strength, accelerating India’s green-energy transition.
