The Asian Infrastructure Investment Bank (AIIB) has invested Rs 13.01 billion by subscribing to non-convertible debentures (NCDs) issued by Aditya Birla Capital Limited (ABCL), the finance flagship of the Aditya Birla Group. The funding will accelerate renewable energy financing and electric mobility initiatives in India.
The funds will be utilised towards advancing clean energy solutions, including solar, wind, hydrogen, and energy storage technologies. Additionally, the financing will also be directed towards supporting the e-mobility infrastructure, such as electric vehicles, batteries, and charging infrastructure.