Who is the frontrunner to acquire Shell's Indian renewable energy unit Sprng Energy, and what is the reported valuation?

Aditya Birla Group has emerged as the frontrunner to buy Shell Plc’s Indian renewable power producer, Sprng Energy Pvt. Shell is seeking a valuation of about $1.8 billion for the unit, according to people familiar with the matter, though deliberations are ongoing and could still change.

What is Sprng Energy's current operational capacity and its expansion target by 2030?

Sprng Energy has about 2.3 gigawatt-peak operational capacity, which it plans to increase to 10 GW by 2030, as stated on its website.

Shell Said to Select Aditya Birla for Sprng Energy Deal

Jun 15, 2026

Shell is reportedly selecting Aditya Birla Group to acquire its Indian renewable unit Sprng Energy for approximately $1.8 billion, marking a strategic shift as Shell focuses on higher-return fossil fuel businesses.

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