Shell Eyes Partners For Renewable Assets In India To Amplify Profits: Report
Portfolio Pulse from Nabaparna Bhattacharya
Shell PLC is seeking partners to invest in renewable assets managed by its Indian subsidiary, Sprng Energy. This move aligns with the company's growth plans, which include doubling down on oil and gas operations and scaling back some investments in renewables. Shell also recently opened its largest electric vehicle charging station globally in Shenzhen, China.
September 21, 2023 | 4:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shell's move to seek partners for its renewable assets in India and its recent opening of a large EV charging station in China could potentially boost its profits and diversify its portfolio.
Shell's move to seek partners for its renewable assets in India indicates a strategic shift towards renewable energy, which could attract investors interested in sustainable investments. The opening of a large EV charging station in China also shows the company's commitment to the EV market, which is expected to grow significantly in the coming years. Both these moves could potentially boost Shell's profits and diversify its portfolio, leading to a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100