Aditya Birla Renewables to Acquire Shell-Owned Sprng Energy in INR 17,200 Crore Deal
Aditya Birla Renewables, a part of Aditya Birla Group, has signed a definitive agreement to acquire Sprng Energy from Shell in a deal valued at INR 17,200 crore, adding a contracted renewable energy portfolio of about 5 GWp to its platform.
July 14, 2026. By Mrinmoy Dey
The transaction values the business at an enterprise value of INR 17,200 crore. The equity consideration payable to the seller will be determined after adjusting for debt, cash, and other items as specified in the transaction documents, stated the company.
The acquisition is proposed to be funded through a mix of debt and equity infusion from Grasim and funds managed by Global Infrastructure Partners (a part of Blackrock). This transaction adds a contracted portfolio of about 5 GWp capacity (about 3.3 GWp of operational capacity and approximately 1.7 GWp of under-construction capacity) along with a strong connectivity and development pipeline, stated the company.
Commenting on the development, Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over a long arc of time, the Aditya Birla Group has built businesses at global scale that have contributed to India's long-term growth, be it in building materials, metals, financial services, or retail. We view India’s energy transition through the same lens. At its core, this is about strengthening our nation’s energy future, enhancing industrial competitiveness, and creating the foundations for sustained economic growth.”
He further added, “This acquisition brings together two highly complementary platforms and marks an important milestone in ABRen’s evolution. Together, we will have a diversified portfolio and a deep development pipeline that puts us on course to scale to 20 GWp+ in the coming years. More importantly, it positions us to participate meaningfully in one of the largest energy transformations underway anywhere in the world.”
Aryaman Vikram Birla, Director, Aditya Birla Group and Aditya Birla Renewables, said, “This acquisition is a pivotal moment in ABRen’s evolution, rapidly accelerating our ambition to build a top-tier renewable energy platform at national scale. By integrating Sprng Energy’s high-quality utilities portfolio with our C&I capabilities, we are significantly enhancing both the strength and resilience of our combined platform. Additionally, Sprng Energy brings a high-quality asset base, creditworthy off-takers and strong contracted cash flows.”
He further added, “Having almost achieved our ~10 GWp target ahead of time, we are now on track to double capacity in the next few years. This step-up reflects not just scale, but a sharper focus on quality, execution, and long-term value creation.”
Jayant Dua, Business Head, Aditya Birla Renewables, remarked, “This combination brings together two strong renewable energy platforms with complementary capabilities, geographical presence, customer relationships, and a talented pool of professionals across key functional areas. By leveraging our collective expertise across project development, engineering, procurement, construction, and asset management, we believe we can unlock meaningful operational synergies, significantly deepen our organisational capabilities, and accelerate project execution. Our priority will be to ensure business continuity, deliver reliable clean power to customers, and continue building a best-in-class renewable energy platform.”
The transaction is expected to be completed before the end of the calendar year 2026, subject to the receipt of necessary regulatory approvals and satisfaction of other customary conditions under the transaction documents.
please contact: contact@energetica-india.net.
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