AIIB invests Rs 13 billion in Aditya Birla Capital for clean energy

The Asian Infrastructure Investment Bank (AIIB) has subscribed to Rs 13,012.5 million (about USD150 million) of non-convertible debentures issued by Aditya Birla Capital Limited. The three-year, privately placed investment will fund renewable energy and electric mobility projects in India.

According to AIIB, the financing will be used for renewable energy generation such as solar, wind, geothermal, pumped storage, hydrogen production, and energy storage systems. It will also support the development of electric vehicles, batteries, and charging infrastructure.

The collaboration includes strengthening Aditya Birla Capital’s environmental and social management system in line with AIIB’s environmental and social framework. 

Gregory Liu, Director General of AIIB’s Financial Institutions and Funds Clients, Global, said the partnership would advance clean energy and mobility while deepening environmental and social governance practices. Vishakha Mulye, Managing Director and Chief Executive Officer (Designate) of Aditya Birla Capital, said the investment will enhance the company’s ESG framework and contribute to long-term stakeholder value.