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Aditya Birla Renewables Acquires Sprng Energy
Aditya Birla Renewables acquired Sprng Energy's holding company for Rs 17,200 crore. This significant deal catapults the company's generation capacity to 9.2 gigawatts. Sprng Energy, previously owned by Shell Plc, operates across India. Shell had purchased Sprng Energy three years ago from Actis. The acquisition strengthens India's energy future and industrial competitiveness.
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forbes.com
Billionaire Kumar Birla To Buy Shell’s Indian Renewable Business In $1.8 Billion Deal
The acquisition of Shell's renewable energy business in India will more than double the Aditya Birla Group's renewable energy capacity to almost 10 gigawatts.
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economictimes.indiatimes.com
Aditya Birla Group acquires Shell's India renewables energy arm, Sprng Energy, for $1.8bn
Aditya Birla Group announced acquiring Sprng Energy for $1.8 billion. This significant deal expands the group's renewable energy portfolio substantially. The acquisition includes…
