Shell PLC is reportedly conducting exclusive discussions to sell its Indian renewable energy platform, Sprng Energy.
The platform currently manages a 5-gigawatt portfolio.
Aditya Birla Group and KKR have emerged as the leading bidders for the asset.
This divestment aims to streamline operations and prioritize Shell’s core oil and gas business.
The strategic shift follows pressure from several company shareholders.
Separately, Shell released its routine annual reports detailing $23.8 billion in payments to governments for 2025.
The company also published a report on its climate and energy transition lobbying efforts.