Aditya Birla unit draws ₹24,000 crore in bids for Shell renewables buyout loan

Aditya Birla Group’s renewable-energy arm has received up to ₹24,000 crore in bank commitments for a planned ₹14,000 crore loan to acquire Shell’s India renewable portfolio through Solenergi Power. The funding interest exceeds the targeted debt amount by about 70%.

— Source publishedThu, 3 Sept, 2026, 15:00 IST·First seen Thu, 3 Sept, 2026, 15:12 IST·Source Business Standard · Companies

What happened

Aditya Birla Group has received up to ₹24,000 crore in commitments for a ₹14,000 crore loan to acquire Shell’s India renewable assets through Solenergi Power,

Key facts

  • ₹14,000 crore acquisition loan sought
  • ₹24,000 crore ($2.5 billion) in bank commitments
  • 70% above planned loan amount
  • Axis Bank commitment: up to ₹7,000 crore
  • State Bank of India commitment: up to ₹7,000 crore
  • Union Bank of India credit line: about ₹5,000 crore
  • Punjab National Bank credit line: about ₹5,000 crore
  • 100% acquisition of Solenergi Power
  • 5-gigawatt India renewable portfolio
  • Interest rates: 7.6%-7.7%
  • Loan tenor: 12-20 years

Why this matters

Robust financing demand strengthens Aditya Birla’s position to close the Shell portfolio acquisition and pursue further large-scale renewable consolidation.

What to watch

  • Final debt pricing, tenor, repayment structure, and whether the full ₹14,000 crore is drawn.
  • Transaction closing date and disclosed enterprise value or asset-level capacity breakdown.
  • Share of the 5GW portfolio that is operational versus under construction or early-stage development.
  • Grid-connection, land, tariff, and counterparty details for acquired projects.
  • Any announcement of co-investors, green-bond issuance, InvIT plans, or asset-sale/refinancing strategy.
  • Changes in Indian renewable-energy policy, transmission availability, and borrowing costs.
  • Finalize lender syndication, pricing, covenants, and security package for the acquisition loan.
  • Complete regulatory approvals and closing conditions for Shell's India renewable portfolio transfer.
  • Assess portfolio mix between operating, under-construction, and development-stage assets to determine near-term cash generation.
  • Pursue refinancing or partial capital recycling after closing to preserve borrowing capacity for further renewable expansion.
  • Use the enlarged clean-energy platform to support group-wide decarbonization, including power procurement for energy-intensive manufacturing and retail operations.

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