-+ 0.00%
-+ 0.00%
-+ 0.00%
Shell to Divest Indian Renewables Unit to Aditya Birla for $1.8 Billion
Share
Listen to the news
10:32 AM EDT, 07/13/2026 (MT Newswires) -- Oil and gas giant Shell (SHEL.L, SHELL.AS) said Monday it will sell Solenergi Power, which includes its Indian renewable energy business Sprng Energy, for $1.8 billion. The sale to Aditya Birla Group's renewable energy platform, Aditya Birla Renewables, is expected to complete by yearend. Shell said Sprng Energy employees will continue employment with the new owner. Sprng Energy supplies solar and wind power to electricity distribution companies in India.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending