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…