Reliance Industries Limited (RIL) has signed a landmark binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation for the supply of green ammonia over a 15-year period starting in the second half of FY2029.
The agreement, valued at over US$3 billion, is among the largest of its kind globally and marks a significant milestone in India‘s clean energy journey. It positions India as an exporter of green fuels, produced through an end-to-end indigenous value chain, in alignment with the National Green Hydrogen Mission.
RIL is advancing its New Energy platform, which integrates renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by domestic manufacturing of critical clean-energy technologies. This initiative is part of RIL’s strategy to deliver competitive and scalable green energy solutions globally, while bolstering India’s industrial base.
Anant Ambani, Executive Director of Reliance Industries, highlighted the importance of the partnership with Samsung C&T, stating that it represents a crucial step towards scaling RIL’s green hydrogen ecosystem and gigafactories. The collaboration is expected to contribute significantly to India’s ambition of becoming a global hub for green hydrogen and its derivatives.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.