The acquisition will expand the Aditya Birla group’s renewable-energy portfolio to 9.3 gigawatts (Gw), positioning it among India’s largest renewable-power players. The transaction will be funded through a mix of debt and equity from Grasim Industries and Global Infrastructure Partners, part of BlackRock Inc.
The acquisition resets ABRen’s growth trajectory, with the company now targeting 20 Gw of capacity over the next few years as it approaches the 10 Gw milestone.
The acquisition adds a contracted portfolio of about 5 Gw, including 3.3 Gw of operational capacity and 1.7 Gw under construction, along with a sizeable connectivity and project development pipeline, the company said.
Aryaman Vikram Birla, director, Aditya Birla group and Aditya Birla Renewables, said: “Having almost achieved our ₹10 Gw target ahead of time, we are now on track to double capacity in the next few years. This step-up reflects not just scale, but a sharper focus on quality, execution, and long-term value creation.”
ABRen said the transaction would accelerate its renewable-energy strategy by combining its diversified pan-Indian portfolio of about 4.4 Gw with Sprng Energy’s complementary utility-scale platform.
“The transaction provides the company with an opportunity to expand its renewable-energy footprint through the acquisition of an established platform, rather than developing projects on a greenfield basis,” the company said.
The acquisition is subject to regulatory approvals, including clearance from the Competition Commission of India and approval from the Central Transmission Utility of India.
“Over a long arc of time, the Aditya Birla group has built businesses at a global scale that have contributed to India’s long-term growth, be it in building materials, metals, financial services or retail. We view India’s energy transition through the same lens. At its core, this is about strengthening our nation’s energy future, enhancing industrial competitiveness, and creating the foundations for sustained economic growth,” Aditya Birla group Chairman Kumar Mangalam Birla said.
The acquisition brings together two highly complementary platforms and marks an important milestone in ABRen's evolution, Birla said. “Together, we will have a diversified portfolio and a deep development pipeline that puts us on course to scale to 20 Gw-plus in the coming years. More importantly, it positions us to participate meaningfully in one of the largest energy transformations underway anywhere in the world,” he said.
The transaction is expected to close before the end of calendar year 2026, subject to regulatory approvals and the satisfaction of customary closing conditions.
 "Aditya Birla Renewables, Sprng Energy, Shell, Grasim Industries, renewable energy, Kumar Mangalam Birla, Global Infrastructure Partners, BlackRock, CCI")