Grasim Industries has received an ESG (Environmental, Social, and Governance) rating of 64 for FY2025 from NSE Sustainability Ratings and Analytics Limited. The company disclosed this development through a regulatory filing dated December 10, 2025, in compliance with SEBI listing regulations.

ESG Rating Details

The rating assignment was communicated to Grasim Industries via email on December 9, 2025. NSE Sustainability Ratings and Analytics Limited, which provided the rating, operates as a subsidiary of NSE Indices Limited and holds registration as a SEBI Category I ESG Rating Provider.

Independent Assessment Process

Grasim Industries clarified that it did not engage NSE Sustainability for this ESG rating assessment. The rating was assigned independently and voluntarily by NSE Sustainability based on information available in the public domain. The rating provider utilized their own established criteria and methodology for the evaluation process.

Regulatory Compliance and Disclosure

The company's disclosure follows Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as referenced in the SEBI Master Circular dated November 11, 2024. As part of transparency requirements, Grasim Industries has made the rating information available on its corporate website at www.grasim.com .

The detailed ESG rating report published by NSE Sustainability can be accessed through the company's website via a dedicated PDF link. This ensures stakeholders have access to comprehensive information about the rating methodology and assessment criteria used in the evaluation process.

Grasim Industries has announced a landmark investment in its renewable energy subsidiary, Aditya Birla Renewables Limited (ABREN). Global Infrastructure Partners (GIP), a part of BlackRock, will invest up to ₹3,000 crores ($335 million) for a minority stake in ABREN through preferential issues.

Investment Structure and Valuation

The investment deal comprises multiple components with a total enterprise valuation of ₹14,600 crores for ABREN:

The transaction values ABREN at an enterprise value of ₹14,600 crores, representing a significant milestone for Grasim's renewable energy ambitions.

Ownership Structure Changes

Following this investment, ABREN will transition from being a wholly-owned subsidiary to a subsidiary with minority external stakeholders. Despite the dilution, Grasim Industries will retain control while benefiting from strategic expertise and capital infusion from BlackRock's infrastructure investment arm.

Strategic Significance

The investment brings several strategic advantages:

Financial Context

Grasim's recent financial position supports this strategic expansion:

The ABREN investment aligns with India's renewable energy transition and positions Grasim to capitalize on the growing green energy market. The participation of Essel Mining & Industries Limited, another Aditya Birla Group entity, demonstrates the conglomerate's unified commitment to renewable energy expansion.