Aditya Birla Group To Acquire Sprng Energy For $1.8 Billion

Aditya Birla Group on Monday announced the acquisition of Shell's India renewable energy platform, Sprng Energy, in a deal valued at $1.8 billion (around ₹17,200 crore). The transaction is among the largest renewable energy acquisitions in India by both value and scale.

The acquisition will be carried out through Aditya Birla Renewables Ltd (ABRen). According to sources, it will add a contracted renewable energy portfolio of nearly 5 GWp, including 3.3 GWp of operational capacity and 1.7 GWp currently under construction.

Funding Plan And Expansion Strategy

The acquisition will be financed through a combination of debt and equity. The equity investment will come from Grasim Industries and funds managed by Global Infrastructure Partners (GIP), part of BlackRock. The final equity amount payable to Shell will be determined after adjustments for debt, cash and other agreed financial items outlined in the transaction documents.

Commenting on the deal, Kumar Mangalam Birla, chairman of Aditya Birla Group, said the acquisition brings together two complementary renewable energy platforms. He added that the combined business would have a diversified portfolio and a strong development pipeline.

Growth Target Raised To Over 20 GWp

Following the acquisition, Aditya Birla Renewables has revised its growth roadmap. The company is now targeting more than 20 GWp of renewable energy capacity over the next few years. It has nearly achieved its earlier target of around 10 GWp ahead of schedule.

Aryaman Vikram Birla, director at Aditya Birla Group and Aditya Birla Renewables, described the acquisition as a major milestone for the business. He said integrating Sprng Energy's utility-scale portfolio with ABRen's commercial and industrial capabilities would strengthen the platform and improve its long-term resilience.

He added that the company is on track to double its renewable energy capacity over the next few years. According to him, the expansion reflects not only greater scale but also a stronger focus on quality, execution and long-term value creation.

The transaction is expected to be completed before the end of calendar year 2026, subject to regulatory approvals and the fulfilment of customary closing conditions.

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