+
Aditya Birla Renewables Secures US$ One Point Six bn MUFG Loan
POWER & RENEWABLE ENERGY

Aditya Birla Renewables Secures US$ One Point Six bn MUFG Loan

Mitsubishi UFJ Financial Group (MUFG) has provided a sole-underwritten US$ one point six bn term loan facility to Aditya Birla Renewables Limited (ABRen) to support the acquisition of Solenergi Power Private Limited. The facility also includes the Sprng Energy group of companies, where MUFG acted as mandated lead arranger, underwriter and bookrunner. The financing strengthens ABRen's capacity to expand its renewable energy holdings in India.

The loan follows a July 2026 definitive agreement under which ABRen, a subsidiary of Grasim Industries Limited, agreed to acquire 100 per cent equity and securities in Solenergi Power in a Rs 17,200 crore transaction, equivalent to about Rs 172 bn and roughly US$ one point eight bn. The deal takes the combined renewable energy portfolio to nine point three GWp and positions ABRen among the largest clean energy operators in the country. The acquisition combines Sprng Energy's utility scale assets with ABRen's commercial and industrial platform.

Sprng Energy supplies solar and wind power to electricity distribution companies in India and holds a portfolio of five GWp of assets, comprising three point three GWp of operating capacity and one point seven GWp of contracted capacity. The sale transfers physical assets and commercial contracts in addition to corporate interests in Solenergi Power Private Limited. MUFG's role in arranging and underwriting the financing reflected strong lender support for large scale renewable consolidation.

The transaction is expected to be completed before the end of calendar year 2026, subject to regulatory approvals and customary conditions, and is intended to accelerate ABRen's growth strategy across utility and C&I segments. Market observers noted the deal underlines continued investor appetite for regulated renewable cash flows and integrated platforms. Aditya Birla Group's expanded footprint is likely to influence competition and project development pipelines in the coming years.

Mitsubishi UFJ Financial Group (MUFG) has provided a sole-underwritten US$ one point six bn term loan facility to Aditya Birla Renewables Limited (ABRen) to support the acquisition of Solenergi Power Private Limited. The facility also includes the Sprng Energy group of companies, where MUFG acted as mandated lead arranger, underwriter and bookrunner. The financing strengthens ABRen's capacity to expand its renewable energy holdings in India. The loan follows a July 2026 definitive agreement under which ABRen, a subsidiary of Grasim Industries Limited, agreed to acquire 100 per cent equity and securities in Solenergi Power in a Rs 17,200 crore transaction, equivalent to about Rs 172 bn and roughly US$ one point eight bn. The deal takes the combined renewable energy portfolio to nine point three GWp and positions ABRen among the largest clean energy operators in the country. The acquisition combines Sprng Energy's utility scale assets with ABRen's commercial and industrial platform. Sprng Energy supplies solar and wind power to electricity distribution companies in India and holds a portfolio of five GWp of assets, comprising three point three GWp of operating capacity and one point seven GWp of contracted capacity. The sale transfers physical assets and commercial contracts in addition to corporate interests in Solenergi Power Private Limited. MUFG's role in arranging and underwriting the financing reflected strong lender support for large scale renewable consolidation. The transaction is expected to be completed before the end of calendar year 2026, subject to regulatory approvals and customary conditions, and is intended to accelerate ABRen's growth strategy across utility and C&I segments. Market observers noted the deal underlines continued investor appetite for regulated renewable cash flows and integrated platforms. Aditya Birla Group's expanded footprint is likely to influence competition and project development pipelines in the coming years.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Saluting Engineers on Engineer’s Day!

India’s infrastructure story is often told through kilometres of highways, soaring bridges, expanding metro networks and tunnels through some of the country’s toughest terrain. Less visible are the engineering decisions behind them. A railway through the Himalayas. A bridge across Mumbai Bay. A metro system built beneath a crowded capital. A 182-m-high structural landmark. A new generation of high-speed highways. Each demanded years of design, testing, coordination and problem-solving, often in conditions where there was little room for error. This Engineers’ Day, we lo..

Next Story
Infrastructure Urban

CJI Surya Kant Calls for Preventive Justice to Avoid Infrastructure Disputes

Kant has urged the infrastructure ecosystem to design contractual and institutional frameworks that identify and address concerns early through communication and dispute-avoidance mechanisms.Chief Justice of India Surya Kant has urged India’s infrastructure ecosystem to move from retrospective justice to preventive justice, as the country undertakes projects at an unprecedented scale. Speaking at global engineering body FIDIC’s Global Infrastructure Conference 2026 in New Delhi, Kant said the true measure of a justice system’s success lies in ensuring mechanisms around infrastructure pro..

Next Story
Infrastructure Urban

Madhya Pradesh Secures Rs 530 Billion in Investment Proposals

Rupee (Rs) 530 billion (bn) in investment proposals were received by Madhya Pradesh on the third day of Chief Minister Mohan Yadav's visit to the United Arab Emirates, with major interest in green energy, artificial intelligence, data centres and advanced manufacturing. The delegation held engagements in Dubai and Sharjah to promote projects and secure commitments from global investors. State officials said the proposals represent a significant pipeline for industrial expansion and technology infrastructure. Rana Holdings Limited proposed a portfolio including a 2,000 MW solar energy project a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code