BlackRock to invest Rs 3k crore in Birla’s renewables unit

BlackRock is injecting Rs 3,000 crore into Aditya Birla Group’s renewable energy arm, Grasim, valuing the business at Rs 14,600 crore. This significant investment, made through BlackRock’s Global Infrastructure Partners, signals strong investor confidence in India’s clean energy sector. The group aims to expand its renewable capacity to over 10GW, leveraging this partnership for accelerated growth.