Reliance Industries Ltd. (RIL) has entered into a binding long-term supply and purchase agreement (SPA) with Samsung C&T Corporation for the supply of green ammonia.
The agreement, valued at over $3 billion, will span 15 years and is set to commence in the second half of FY2029. According to the company, it is among the largest binding long-term green ammonia offtake agreements globally.
RIL stated that the agreement positioned India as a future exporter of green fuels. The project will leverage an integrated domestic value chain, including local manufacturing of key clean energy equipment.
The initiative aligns with India’s National Green Hydrogen Mission (NGHM), which aims to scale up green hydrogen production and position the country as a global hub for hydrogen and its derivatives.
Integrated New Energy Platform
The deal forms part of RIL’s broader strategy to build a fully integrated new energy ecosystem. This includes renewable energy generation, energy storage, green hydrogen production, and downstream green fuels and chemicals.
A central element of RIL’s strategy is the indigenisation of critical technologies required for the energy transition, the company said. These include solar modules, battery energy storage systems (BESS), and electrolyser technologies, all developed under a strong Make-in-India framework.
The company noted that the agreement with Samsung C&T is the first in a series of planned long-term offtake partnerships to support the scaling of its new energy platform.
