Investment16 Mar 2026, 07:26 pm
Reliance Industries Signs Landmark $3 Billion Green Ammonia Offtake Agreement with Samsung C&T
AI Summary
Reliance Industries Limited (RIL) has entered into 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 commencing in the second half of FY2029. The SPA, valued at more than US$3 billion, is one of the largest binding long-term Green Ammonia off-take agreements globally. The agreement sets a new benchmark in the global energy landscape, with India emerging as an exporter of green fuels produced through an end-to-end value chain anchored in the country.
Key Highlights
- Reliance Industries Limited (RIL) has signed a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation for the supply of Green Ammonia over a 15-year period.
- The SPA is valued at more than US$3 billion, making it one of the largest binding long-term Green Ammonia off-take agreements globally.
- The agreement is a significant step in India's clean-energy journey and sets a new benchmark in the global energy landscape.
- RIL is developing a fully integrated New Energy platform spanning renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals.
- The agreement with Samsung C&T is the first in a series of long-term offtake partnerships supporting the scale-up of RIL’s New Energy platform.