Shell has reached an agreement to sell its Indian renewable energy platform, Sprng Energy, to Aditya Birla Renewables for $1.8 billion.

Shell has announced the sale of its Indian wind and solar business, Sprng Energy, to India's Aditya Birla Group for $1.8 billion. This move marks a significant divestment for Shell in the renewable energy sector in India.

Shell is reportedly in the process of selecting Aditya Birla for a deal involving Sprng Energy, according to Bloomberg sources, with new reports confirming Aditya Birla as the leading candidate.