Aditya Birla Group’s Renewable Energy Gets Major Boost as BlackRock Invests ₹3,000 Crore

New Delhi, December 10, 2025: The Aditya Birla Group has secured a significant investment in its renewable energy business, ABREN, as BlackRock, the world’s largest asset management firm, prepares to inject ₹3,000 crore into the venture. In return, BlackRock will acquire a minority stake in the business, which operates under Grasim Industries and has been valued at ₹14,600 crore.

The investment will be structured in two stages: an initial ₹2,000 crore infusion, followed by an optional ₹1,000 crore green shoe option, depending on future requirements. The deal will be executed through Global Infrastructure Partners (GIP), a part of the BlackRock Group.

Expanding India’s green footprint

ABREN has rapidly expanded its operations across India, establishing approximately 4.3 GW of renewable energy capacity across 10 states. The company’s portfolio includes solar, hybrid, floating solar, and round-the-clock (RTC) renewable power projects, solidifying its position in India’s growing green energy sector.

Strategic significance

Kumar Mangalam Birla, Chairman of Aditya Birla Group, called the investment a landmark step for India’s energy transition. He added, “GIP’s participation marks a pivotal milestone in our growth journey. It provides a strong foundation to accelerate our renewable energy platform as we aim to surpass 10 GW capacity in the coming years.”

Previously, Qatar-based Nebras Power had attempted to acquire a 49% stake in ABREN, but the deal did not materialize. BlackRock’s interest underscores global investors’ growing confidence in India’s renewable energy sector.

BlackRock’s global clout

Larry Fink, CEO and Chairman of BlackRock, is regarded as one of the most powerful individuals globally, managing assets worth $13.46 trillion, nearly three times India’s GDP. His firm’s investment in ABREN not only strengthens the Aditya Birla Group’s renewable energy ambitions but also signals a robust vote of confidence in India’s green energy transition.