Reliance Industries Signs $3 Billion Green Ammonia Deal With Samsung C&T, Stock in Focus
Long-Term Supply Agreement Strengthens Clean Energy Push
Shares of Reliance Industries Ltd. will remain in focus on Tuesday, March 17, after the company announced a binding agreement with Samsung C&T, a subsidiary of South Korea’s Samsung Group, for the supply of green ammonia over a 15-year period.The deal is valued at over $3 billion, with supplies scheduled to commence in the second half of FY29, according to a regulatory filing.
One of the Largest Global Green Ammonia Offtake Deals
The agreement stands among the largest long-term green ammonia offtake arrangements globally. It comes at a time when countries such as Japan and South Korea are accelerating their transition toward low-carbon fuels like hydrogen and ammonia to reduce emissions across industrial and power generation sectors.Green ammonia is produced by combining nitrogen with hydrogen generated using renewable electricity. It is widely considered a low-carbon fuel and an efficient carrier for hydrogen transportation.
Reliance Expands Its Green Hydrogen Ecosystem
Reliance Industries stated that the partnership will support the development of its green hydrogen ecosystem along with related manufacturing infrastructure.The company is currently building a clean energy manufacturing platform that includes solar modules, battery energy storage systems, and electrolysers.
First Step in a Series of Strategic Partnerships
Reliance noted that the agreement with Samsung C&T is the first in a planned series of long-term offtake partnerships aimed at scaling its New Energy platform.Anant Ambani, Executive Director at Reliance Industries, said the company is committed to delivering cost-competitive and reliable green ammonia. He added that the partnership marks a significant step in India’s clean energy journey.
Continued Investment in Renewable Energy Transition
Reliance had earlier outlined plans in 2021 to invest $10 billion in renewable energy, hydrogen, and battery storage as part of its strategy to diversify beyond its traditional oil-to-chemicals business.Stock Performance
Shares of Reliance Industries closed 0.96% higher on Monday at ₹1,394. The stock has declined about 12% so far in 2026.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: