Key Points:
- Reliance and Samsung C&T signed a $3 billion, 15-year green ammonia supply deal starting in FY2029.
- This partnership establishes India as a major global exporter of clean fuels under the National Green Hydrogen Mission.
- The agreement is a foundational step toward Reliance’s goal of reaching net-zero carbon emissions by 2035.
Reliance Industries Limited signs a $3 billion, 15-year deal with Samsung C&T Corporation to supply green ammonia from FY2029, advancing India’s clean energy exports and hydrogen goals.
Reliance Expands Global Clean Energy Footprint
Reliance Industries Ltd. has entered a binding long-term Supply and Purchase Agreement with Samsung C&T Corporation to supply green ammonia over 15 years, beginning in the second half of fiscal year 2029.
The agreement, valued at more than $3 billion, ranks among the largest long-term green ammonia offtake deals globally. The company announced the development on Monday, positioning the deal as a milestone in India’s transition to clean energy exports.
Shares of Reliance are expected to remain in focus following the announcement, as investors assess the company’s growing presence in renewable energy markets.
The agreement supports India’s ambition to emerge as a global supplier of green fuels under the government’s National Green Hydrogen Mission. Reliance said the deal reflects its strategy to build a fully integrated clean energy value chain within the country.
Green Ammonia Gains Importance as Clean Fuel Alternative
Green ammonia is produced using renewable energy sources such as solar and wind, making it a low-carbon alternative to conventional ammonia, which relies on fossil fuels and emits significant greenhouse gases.
The fuel is created by combining green hydrogen with nitrogen from the air, resulting in a largely carbon-free process. Industry experts view it as a promising energy carrier and a key component in decarbonizing sectors such as shipping, power generation, and heavy industry.
Ammonia remains widely used in fertilizers, industrial chemicals, and refrigeration, but its green variant is gaining attention for its potential to support global climate targets.
Reliance said the agreement sets a benchmark for large-scale production and export of green fuels, backed by domestic manufacturing of clean energy technologies.
New Energy Platform Anchors Growth Strategy
Reliance is developing an integrated New Energy platform that spans renewable power, energy storage, green hydrogen, and downstream fuels such as ammonia.
A key element of the strategy is the localization of critical technologies, including solar modules, battery energy storage systems, and electrolyzers, aligned with India’s push for self-reliance in manufacturing.
The company is building this ecosystem around its Dhirubhai Ambani Green Energy Giga Complex and a large-scale renewable project in Kutch, designed to provide round-the-clock clean power for hydrogen and ammonia production.
“This partnership marks an important step in India’s clean energy journey,” said Anant Ambani, executive director at Reliance Industries. “We aim to deliver cost-competitive and reliable green ammonia while strengthening India’s industrial base.”
Ambani added that such partnerships will help scale the company’s green hydrogen ecosystem and support India’s ambition to become a global hub for green hydrogen and its derivatives.
Reliance has committed to achieving net-zero carbon emissions by 2035, with its New Energy business expected to play a central role in meeting that target.
The company said the Samsung C&T agreement is the first in a series of planned long-term partnerships to expand its presence in global clean energy markets.
