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Aditya Birla to buy Sprng Energy from Shell
The Hindu··14 Jul
The Hindu reported Aditya Birla Renewables signed a deal to acquire 100% of Solenergi Power, owner of Sprng Energy, from Shell Overseas Investment for an enterprise value of Rs 17,200 crore overall. The company called it among India's largest renewable acquisitions by value and scale, with closing expected before the end of calendar year 2026.
Prism
What It Means For You
- India's renewable M&A wave is concentrating large solar-wind portfolios.
- Investors see Shell exiting while domestic conglomerates scale clean power.
- Power buyers may gain from a larger Aditya Birla generation pipeline.
What's Happening
- Aditya Birla Renewables agreed to buy Sprng Energy from Shell.
- The deal values the platform at about Rs 17,200 crore.
- Completion is expected before the end of calendar 2026.
Renewables Deal
- The purchase adds about 5 GWp of contracted renewable capacity.
- Grasim and BlackRock's GIP are helping fund the acquisition.
- A comparable Ayana deal was valued near Rs 19,500 crore in 2025.
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