CORPORATE
Aditya Birla’s Sprng acquisition takes its total renewable energy capacity to 9.3 gw
- IBJ Bureau
- Jul 14, 2026
Grasim Industries’ subsidiary Aditya Birla Renewables (ABR) will buy Sprng Energy from British oil major Shell in a deal worth $1.8 billion.
The transaction, including debt, is one of India’s largest clean energy acquisitions, the companies have said.
The acquisition will add 5 gw in capacity to ABR’s portfolio, Grasim, the flagship company of India’s Aditya Birla Group, has said.
The deal takes the group’s renewables portfolio to 9.3 gw, making it one of the largest players in the country’s growing clean energy sector.
India has stepped up its clean energy push to meet rising power demand, targeting 500 gw of non-fossil fuel capacity by 2030 from the current about 283 gw.
The country has been attracting significant investments from domestic conglomerates and global energy companies.
India’s clean energy space is currently dominated by the Adani Group’s clean energy unit, Adani Green. and ReNew Energy Global.
The final equity consideration will be determined after adjustments for debt and cash, Grasim has added.
The deal will be financed through a mix of debt, equity infusion from Grasim and funds managed by Global Infrastructure Partners, a unit of BlackRock, it has said.
The transaction is expected to be completed by the end of 2026, Shell has said.
The deal reflects a wider industry shift, with global energy companies, including BP and Equinor, dialling back renewable energy investments in favour of their traditional oil and gas operations.
Report By
View Reporter News