Shell is selling its India renewable energy arm, Sprng Energy, to the Aditya Birla Group for ₹17,200 crore, according to multiple reports. The transaction is described as one of the largest renewable energy acquisitions in India. After the acquisition, Aditya Birla Renewables expands its operating and development portfolio, bringing its combined capacity to about 9.3 gigawatts. The purchase also supports the group’s stated goal to scale renewable energy capacity to more than 20 gigawatts. The sources consistently describe the deal as a major boost to Aditya Birla Renewables’ expansion plans and its broader push in the green energy space. While the reports focus on the size of the deal and the expected impact on capacity, they do not provide additional operational details such as specific project assets or timelines in the provided excerpts. The agreement reflects continued consolidation and expansion in India’s renewable energy market as major players restructure and reallocate assets.
Aditya Birla Group buys Shell’s India renewables unit Sprng Energy for ₹17,200 crore
Shell is selling its India renewable energy arm, Sprng Energy, to the Aditya Birla Group for ₹17,200 crore, according to multiple reports. The transaction is described as one of the largest renewable...
- Shell sells its India renewable energy arm, Sprng Energy, to the Aditya Birla Group.
- The deal value is ₹17,200 crore.
- After the acquisition, Aditya Birla Renewables’ combined portfolio reaches about 9.3 GW.
- Aditya Birla Renewables plans to scale renewable capacity to more than 20 GW.
- Multiple outlets describe the transaction as one of India’s largest renewable energy acquisitions.
The Rs 17,200-crore deal marks one of India's biggest renewable energy acquisitions and significantly boosts the group's green energy ambitions.
5 hours agoThe acquisition will take Aditya Birla Renewables' combined portfolio to 9.3 GW and support its plan to scale renewable energy capacity to more than 20 GW
8 hours agoThe Rs 17,200-crore deal marks one of India's biggest renewable energy acquisitions and significantly boosts the group's green energy ambitions.
9 hours ago
Oil prices jump on renewed U.S.-Iran strikes and threats to Strait of Hormuz shipping
Oil prices rise as the United States and Iran intensify strikes and exchange claims over control of the Strait of Hormuz...
Cadillac Mines and Amapa Minerals file for Canadian IPOs amid listing rebound
Cadillac Mines Corp. and Amapa Minerals Holdings Inc. file paperwork for initial public offerings in Canada, adding to a...
Trump says U.S. targets Iran capabilities tied to Strait of Hormuz amid renewed strikes
President Donald Trump says the United States is attacking Iranian capabilities related to the Strait of Hormuz, as rene...