Aditya Birla Renewables acquires Sprng Energy for ₹1,720 cr
after close1 source ↓written by the desknot a recommendation
- has completed
- ₹1,720 cr
- acquisition of Sprng
- $1.8 billion
- renewable portfolio
- 9.3 GWp
Aditya Birla Renewables Limited has completed a ₹1,720 cr ($1.8 billion) acquisition of Sprng Energy from Shell Overseas Investments. This deal significantly boosts Aditya Birla's renewable portfolio to 9.3 GWp, positioning it among the top five players in India's green energy sector. The acquisition marks a major consolidation in the industry, enhancing competition and investment potential.
Not investment advice. For informational purposes only.