The investment, one of the largest primary commitments for a minority stake in an Indian renewables platform, values ABREN at an enterprise value of about ₹14,600 crore.
In a press statement, ABREN said, it has rapidly expanded its presence across India, building a diversified renewable energy portfolio of approximately 4.3 GW spanning 10 states. Its assets include solar, hybrid, floating solar, and round-the-clock (RTC) renewable power projects, strengthening the company’s position in the country’s green energy landscape.
Aditya Birla Group Chairman Kumar Mangalam Birla described the investment as a milestone in India’s broader energy transition. “GIP’s investment marks a pivotal moment in our growth journey, laying a strong foundation for an accelerated buildout of our renewables platform, as we target a capacity of 10 GW+ in the coming years.”
Jayant Dua, Business Head at ABREN, said the company is positioned for rapid expansion. “ABREN is on an accelerated growth journey… We aim to build a comprehensive renewables platform with a presence across all major technologies, focusing on both the commercial and industrial segment and utility-scale projects.”
Raj Rao, President and COO of GIP, highlighted the fund’s confidence in India’s renewable energy potential. “Our investment reflects GIP’s confidence in India’s renewables sector and our commitment to advancing the energy transition in India,” he said, adding that the partnership intends to help accelerate industrial decarbonisation.
The transaction is subject to statutory and regulatory approvals. Standard Chartered Bank served as the sole financial advisor to ABREN.
