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

Reliance Industries Ltd has signed a binding long-term supply and purchase agreement with Samsung C&T Corp for the supply of green ammonia over a 15-year period starting in the second half of 2029-2030, the company said in a press release.

The company said the agreement, valued at more than $3,000.0 million, is among the largest long-term green ammonia offtake deals globally.

Reliance Industries said the deal marks a step forward in positioning India as an exporter of green fuels, supported by a fully integrated domestic value chain including manufacturing of key clean energy equipment.

The company is building a new energy platform spanning renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals. This includes local manufacturing of solar modules, battery energy storage systems, and electrolysers as part of the government’s push for self-reliance.

Reliance Industries said the agreement with Samsung C&T is the first in a series of long-term partnerships aimed at scaling its new energy business.

The company added that such partnerships will help expand its green hydrogen ecosystem and manufacturing capacity, while supporting India’s ambition to become a global hub for green hydrogen and related fuels.