BlackRock To Invest Rs 3,000 Crore In Aditya Birla Renewables

Aditya Birla Renewables Ltd (ABREN), a subsidiary of Grasim Industries, has finalized a major investment deal with Global Infrastructure Partners (GIP), now part of BlackRock. The agreement involves a firm commitment of Rs 2,000 crore and a greenshoe option of Rs 1,000 crore, totaling Rs 3,000 crore.  

The investment, structured through compulsory convertible preference shares and equity shares, values ABREN at an enterprise value of approximately Rs 14,600 crore. Industry experts highlight this as one of the largest primary commitments by a private equity player in India’s renewable energy platform.  

The funds will be deployed to accelerate ABREN’s portfolio in solar, wind, and emerging green hydrogen projects, aligning with India’s ambitious renewable energy targets. BlackRock’s entry is expected to boost investor confidence and strengthen India’s position as a global hub for clean energy investments.  

Key Highlights  

• BlackRock’s Global Infrastructure Partners to invest up to Rs 3,000 crore in ABREN  
• Firm commitment of Rs 2,000 crore with Rs 1,000 crore greenshoe option  
• Investment structured via preference shares and equity shares  
• Enterprise value pegged at Rs 14,600 crore for ABREN  
• Funds to support solar, wind, and green hydrogen expansion  

Final Takeaway  
The deal underscores India’s growing appeal in renewable energy investments. With BlackRock’s backing, Aditya Birla Renewables is poised to accelerate its clean energy portfolio, contributing significantly to India’s sustainability goals and reinforcing investor confidence in the sector.  

Sources: Reuters, Economic Times, Kotak News Desk