The Aditya Birla Group and KKR are competing to acquire Sprng Energy from Shell, with both firms emerging as the highest bidders after the submission of financial bids on May 2. Sprng Energy, which has a renewable energy generation capacity of 5 gigawatts, is valued at approximately $2 billion. Shell's management plans to begin negotiations with the two bidders next week, following the completion of internal reviews. The sale is part of Shell's strategic shift to concentrate more on its core business of oil exploration and production, as shareholders push for this focus. Previously, India's National Investment and Infrastructure Fund (NIIF) and private equity firm Actis had also submitted bids but are no longer in the running. KKR has existing investments in India's renewable energy sector, while Aditya Birla's renewable energy arm recently received a ₹3,000 crore (roughly $360 million USD) investment from Global Infrastructure Partners and BlackRock.