Reliance Industries Ltd (RIL) has signed a binding long-term supply and purchase agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of green ammonia over a 15-year period starting in the second half of FY2029.
Valued at more than $3 billion, the agreement is among the largest binding long-term green ammonia off-take deals globally and marks a significant step in positioning India as a key exporter of green fuels.
Strengthening India’s Green Energy Ambitions
The partnership is expected to set a new benchmark in the global energy landscape, with India emerging as a major exporter of green fuels produced through a fully integrated domestic value chain.
The initiative aligns with the objectives of India’s National Green Hydrogen Mission (NGHM), which aims to make the country a global hub for green hydrogen and its derivatives.
Integrated New Energy Ecosystem
RIL is building a comprehensive new energy platform covering renewable energy generation, energy storage, green hydrogen production, and downstream green fuels and chemicals.
A key focus of the company’s strategy is the localisation of critical clean-energy technologies in India. These include solar modules, battery energy storage systems (BESS), and electrolyser systems, which will be manufactured domestically to support large-scale green energy production.
By integrating these capabilities into a single ecosystem, the company aims to deliver scalable, reliable, and cost-competitive green energy solutions for global markets while strengthening India’s industrial base.
The agreement with Samsung C&T marks the first in a series of planned long-term offtake partnerships that will support the expansion of RIL’s new energy platform.
Industry Perspective
Reliance Industries executive director Anant Ambani said the partnership represents an important milestone in India’s clean energy transition.
“We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India’s clean-energy journey,” he said.
Ambani added that the company’s new energy initiative aims to create a strong industrial platform for India by integrating the country’s renewable resources with manufacturing capabilities, talent, and innovation to produce value-added green fuels and chemicals at scale.
“Partnerships such as this will help scale our green hydrogen ecosystem and gigafactories, while contributing to India’s ambition of becoming a global hub for green hydrogen and its derivatives,” he added.