Reliance Industries Signs $3 Billion Green Ammonia Supply Agreement with Samsung C&T
Reliance Industries Limited (RIL) has signed a binding long-term supply agreement with Samsung C&T Corporation from South Korea for green ammonia worth over $3 billion, commencing in the second half of FY2029. This agreement supports India's National Green Hydrogen Mission and positions the country as an emerging exporter of green fuels.
RIL's New Energy platform integrates renewable energy, energy storage, and the domestic manufacturing of critical clean-energy technologies, including solar modules and electrolyser systems. The partnership marks the first of several long-term offtake agreements to enhance RIL's green hydrogen ecosystem and aims to achieve net-zero carbon emissions by 2035.
