Shell Plc is in talks to sell its Indian renewable power arm, Sprng Energy, to the Aditya Birla Group, sources said. The conglomerate has emerged as the leading bidder, edging out other interested parties. A transaction would give Birla a foothold in India's fast‑growing clean‑energy market and could reshape the sector's competitive dynamics, and could accelerate its transition to carbon‑neutral operations.

Shell has been pruning its upstream portfolio and accelerating green investments worldwide, and the Indian asset represents a modest slice of its global renewable exposure. For Birla, acquiring Sprng Energy aligns with recent moves into solar and wind projects, offering immediate capacity and a pipeline of contracts that can be bundled with its existing industrial customers, and diversify its energy mix.

Investors will watch the price tag closely, as the deal could set a benchmark for cross‑border renewable transactions in Asia. A successful closure would boost Birla's balance sheet with stable, low‑carbon earnings, while Shell would free cash to fund its net‑zero roadmap. The agreement is expected to be finalized later this year, pending regulatory clearance, and may influence peer valuations across the sector.