Aditya Birla Group secures ₹24,000 crore bank commitments for Shell renewables deal

Aditya Birla Group has secured up to ₹24,000 crore in bank commitments for its acquisition of Shell’s India renewable assets, including Sprng Energy’s 5-GW portfolio. The financing is expected to carry 12–20 year tenors at interest rates of roughly 7.6%–7.7%.

— Source publishedThu, 3 Sept, 2026, 15:16 IST·First seen Thu, 3 Sept, 2026, 15:18 IST·Source Outlook Business

What happened

Aditya Birla Group secured up to ₹24,000 crore in bank commitments to finance its acquisition of Shell’s India renewable assets, including Sprng Energy’s 5-GW

Key facts

  • ₹24,000 crore bank commitments
  • ₹14,000 crore loan sought
  • 70% above original ask
  • 5-gigawatt renewable portfolio
  • 7.6%-7.7% interest rate
  • 12-20 year repayment tenor
  • ₹220 lakh crore bank loans
  • 18.3% loan growth
  • 14.7% deposit growth

Why this matters

The oversubscribed financing strengthens execution certainty for the Shell renewables acquisition and validates long-tenor, competitively priced debt as a tool for scaling strategic clean-energy assets.

What to watch

  • Formal transaction close and disclosed final purchase consideration.
  • Actual debt drawdown versus the ₹24,000 crore committed amount.
  • Final interest spread, security package, repayment profile and any refinancing clauses.
  • Breakdown of the 5-GW portfolio into operational, under-construction and pipeline capacity.
  • Project commissioning progress, grid-connection milestones and power-purchase agreement quality.
  • Any indication that excess debt commitments will fund additional renewable acquisitions or storage investment.
  • Finalize acquisition documentation, lender syndication and conditions precedent for the Shell renewables transaction.
  • Structure debt drawdowns against operational assets, under-construction projects and contracted power-purchase cash flows.
  • Use surplus committed capacity to refinance higher-cost group borrowing or fund renewable capex only if asset yields remain above the 7.6%-7.7% borrowing cost.
  • Prioritize grid connectivity, commissioning schedules and counterparty-risk review across Sprng Energy's portfolio.
  • Evaluate storage and hybrid-project additions to improve realization and dispatchability of the acquired renewable base.

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