Shell Sells Indian Renewables Platform Sprng Energy in $1.8bn Deal

Shell has agreed to sell Indian renewable-energy platform Sprng Energy to Aditya Birla Renewables in a $1.8 billion transaction, advancing the FTSE 100 major’s strategy of concentrating capital on LNG, upstream production and higher-return businesses.

Aditya Birla Renewables, the clean-energy arm of India’s Aditya Birla Group, will acquire Sprng Energy from Shell in a deal valued at approximately $1.8 billion including debt. The transaction will add around 5 gigawatts of operating and development capacity, lifting Aditya Birla Renewables’ portfolio to about 9.3 GW.

The purchase is expected to be funded through debt, equity from Grasim Industries and capital from Global Infrastructure Partners, part of BlackRock. Completion is targeted by the end of 2026, subject to customary approvals.

Shell acquired Sprng Energy for approximately $1.55 billion in 2022. The disposal is consistent with chief executive Wael Sawan’s effort to simplify the group and prioritise LNG, upstream oil and gas and businesses offering stronger returns.

Why it matters

For Shell shareholders, the sale releases capital from a large renewable-power platform and reinforces management’s shift towards cash-generative hydrocarbons and disciplined low-carbon investment. The transaction also represents one of India’s largest clean-energy acquisitions and materially increases Aditya Birla’s scale as India works towards 500 GW of non-fossil power capacity by 2030.

Company and ticker: Shell plc (LSE: SHEL); Grasim Industries Ltd (NSE: GRASIM)

Sector: Oil & Gas / Renewable Energy

UK release time: 13 July 2026, approximately 19:20 BST

Sources: Reuters; company and transaction statements.