Aditya Birla Group to acquire Shell's Sprng Energy for $1.8 billion

Aditya Birla Group has struck a deal to acquire Sprng Energy, Shell's India-based renewable energy business, for $1.8 billion — equivalent to approximately ₹17,200 crore — in what ranks among the largest clean-energy acquisitions in the country in recent memory.

Sprng Energy, which Shell had built into a substantial utility-scale solar and wind portfolio across India, will now pass into the hands of the Aditya Birla conglomerate. The deal reflects Shell's broader global pivot away from certain renewable assets even as Indian corporates rush to fill the gap, driven by India's ambitious clean-energy targets.

For the Aditya Birla Group, the acquisition represents a decisive leap into large-scale power generation. The group has been expanding beyond its traditional strongholds in cement, metals, financial services and telecom, and owning a sizeable renewable energy platform gives it both a strategic hedge against rising power costs and a foothold in India's fast-growing green economy.

The transaction, reported by Moneycontrol and The Hindu among others, is expected to reshape the competitive landscape in India's renewable energy sector, where large industrial houses are increasingly competing with pure-play clean-energy developers for prime assets. Regulatory and closing formalities are expected to follow in the coming months.