The Asian Infrastructure Investment Bank (AIIB) has subscribed to ₹1,301.25 crore worth of Non-Convertible Debentures issued by Aditya Birla Capital Limited (ABCL), the companies announced Monday. The three-year privately placed investment will fund renewable energy and electric mobility projects in India.
The financing will support lending in renewable energy generation, including solar, wind, geothermal, pumped storage, hydrogen production, and energy storage systems. It will also back electric mobility ecosystems covering electric vehicle development, EV batteries, and charging infrastructure.
As part of the deal, AIIB has helped ABCL enhance its Environmental and Social Management System to align with AIIB’s framework for better governance in sub-projects.
“This investment exemplifies AIIB’s approach of leveraging strong financial institutions to deliver sustainable infrastructure solutions,” said Gregory Liu, AIIB’s Director General for Financial Institutions and Funds Clients.
ABCL Managing Director Vishakha Mulye said the partnership would enhance the company’s ESG framework and create long-term stakeholder value.
The investment supports India’s climate commitments under the Paris Agreement and government initiatives including the National Infrastructure Pipeline and renewable energy targets. ABCL, part of the $66 billion Aditya Birla Group, manages assets worth over ₹5.11 lakh crore.