Billionaire Kumar Birla’ To Buy Shell’s Indian Renewable Business In $1.8 Billion Deal

July 14, 2026 - 01:45

The Aditya Birla Group, led by billionaire Kumar Mangalam Birla, has agreed to purchase Shell's renewable energy business in India for approximately $1.8 billion. The deal will significantly expand the conglomerate's clean energy footprint, more than doubling its operational renewable capacity to nearly 10 gigawatts.

The acquisition covers Shell's Indian subsidiary, which holds a portfolio of solar and wind power assets spread across several states. For the Aditya Birla Group, this move aligns with its broader push into green energy as part of its sustainability targets. The group already operates a renewable energy arm under its flagship company, Grasim Industries, and the addition of Shell's assets will give it a stronger foothold in India's rapidly growing power market.

Shell, like other global oil majors, has been reshaping its portfolio to focus on more profitable markets and technologies. The sale of its Indian renewable business is part of that strategy, allowing it to redeploy capital elsewhere. For Birla, the deal comes at a time when Indian companies are racing to secure clean energy supplies to meet rising demand and government targets for net-zero emissions by 2070.

The transaction is expected to close in the coming months, subject to regulatory approvals. The combined renewable capacity will help the group supply power to its own industrial operations as well as to third-party customers.