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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Sprng Energy acquisition gives Aditya Birla Renewables instant scale and diversification. But high leverage, execution delays and margin pressures point to a tough test ahead.
Aditya Birla Group chairman Kumar Mangalam Birla, who in recent years has turned visibly more aggressive across sectors such as cement and paints, is now making a decisive push into renewable energy. Aditya Birla Renewables, the clean-energy arm housed under the group’s flagship Grasim Industries, has announced the acquisition of Sprng Energy for Rs 17,200 crore, or $1.8 billion.
In one stroke, the acquisition pulls the group’s renewable energy business out of relative obscurity and places it firmly among the country’s largest players, just behind Adani Green Energy, Tata Power, ReNew Energy and NTPC Green Energy. This is why much …
A proposed Rs 12,000 crore incentive shifts the focus to components after the first scheme fell short. But raw material dependence, gaps in technology and China’s dominance remain.
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
India is betting big on carbon capture and coal gas despite global failures. With a new entrant, the race for Shell’s renewable platform in the country is hotting up. Plus, why the solar relief rally might be premature.
