Aditya Birla Acquires Sprng Energy in ₹17,200 Crore Deal to Expand Renewable Energy Portfolio

Aditya Birla Acquires Sprng Energy in ₹17,200 Crore Deal to Expand Renewable Energy Portfolio

July 15, 2026

Aditya Birla Renewables Limited (ABRen), the renewable energy arm of the Aditya Birla Group, has signed a definitive agreement to acquire Sprng Energy from Shell in one of the largest renewable energy transactions in India. The acquisition, valued at an enterprise value of ₹17,200 crore (approximately US$1.8 billion), significantly accelerates the group’s clean energy ambitions.

The transaction involves the acquisition of 100% equity shares and securities of Solenergi Power Private Limited, the holding company of Sprng Energy, from Shell Overseas Investment B.V., a wholly owned subsidiary of Shell PLC. The deal will be financed through a combination of debt, equity infusion from Grasim Industries, and funds managed by Global Infrastructure Partners (BlackRock).

Upon completion, the acquisition will add approximately 5 GWp of contracted renewable energy capacity to Aditya Birla Renewables’ portfolio. This includes around 3.3 GWp of operational solar and wind assets and 1.7 GWp of projects currently under construction. The combined renewable energy portfolio will increase to approximately 9.3 GWp, positioning the Aditya Birla Group among India’s leading renewable energy developers.

The acquisition strengthens ABRen’s presence across both the Commercial & Industrial (C&I) and utility-scale renewable energy segments. By combining Sprng Energy’s large utility-scale portfolio with ABRen’s growing C&I business, the company aims to build one of India’s most integrated renewable energy platforms capable of serving industries, commercial consumers, and utilities.

The deal also reflects the ongoing consolidation within India’s renewable energy sector as developers scale up to support the country’s target of 500 GW of non-fossil fuel electricity capacity by 2030. Industry experts view the acquisition as a strategic move that enhances Aditya Birla’s long-term competitiveness while supporting India’s clean energy transition through expanded solar and wind generation.