Aditya Birla buys Shell's Sprng Energy for $1.8bn, resets 20 GW clean-power target
Aditya Birla Group has acquired Shell's India renewables arm Sprng Energy at a $1.8bn enterprise value, funded via debt plus equity from Grasim and GIP/BlackRock. The deal lifts the group's portfolio to 9.3 GWp and resets a 20 GW ambition, deepening parent-level capital commitments that underpin retail arms Pantaloons and ABFRL.
Aditya Birla Group acquired Shell's India renewables arm Sprng Energy for $1.8bn, funded via debt and equity from Grasim and GIP/BlackRock, lifting its portfolio to 9.3 GWp and resetting a 20 GW target.