Synopsis: Global Infrastructure Partners, which is part of the BlackRock Group, is investing Rs 2,000 crore in Aditya Birla Renewables, with an option to increase the total investment to Rs 3,000 crore, giving ABREN fresh capital to expand its renewable power portfolio.

This company is the flagship company of the Aditya Birla group, and its core businesses comprise viscose staple fibre (VSF), caustic soda, speciality chemicals, and rayon-grade wood pulp (RGWP) with plants at multiple locations. It is in the news today following the announcement of this funding, giving the company a boost to develop its renewable segment.

With the market cap of Rs 1,86,908 crore, the shares of Grasim Industries Ltd had hit their intraday high at Rs 2775.40, rising by about 1 per cent compared to their

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