Reliance Inks $3 Billion Green Ammonia Supply Deal With Samsung C&T

Reliance Industries Limited ( (IN:RELIANCE) ) has issued an update.

Reliance Industries has signed a binding long-term Supply and Purchase Agreement with South Korea’s Samsung C&T for the supply of green ammonia over 15 years starting in the second half of FY2029. Valued at more than US$3 billion, the deal is among the world’s largest green ammonia offtake agreements and positions India as an emerging exporter of green fuels.

The agreement underpins Reliance’s strategy to build an integrated New Energy ecosystem covering renewables, storage, green hydrogen, and green fuels, with an emphasis on indigenising critical technologies such as solar modules, battery energy storage systems, and electrolysers. It marks the first in a planned series of long-term offtake partnerships that will support Reliance’s New Energy scale-up while advancing India’s National Green Hydrogen Mission and industrial self-reliance goals.

More about Reliance Industries Limited

Reliance Industries Limited is a diversified Indian conglomerate with major interests in energy, petrochemicals, retail, and telecommunications. The company is rapidly building a New Energy platform focused on renewable power, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by domestic manufacturing of key clean-energy technologies.

Average Trading Volume: 813,129

Technical Sentiment Signal: Buy

Current Market Cap: 18682.9B INR

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