Reliance Industries Limited (RIL) has executed a binding 15-year Supply and Purchase Agreement (SPA) with South Korea’s Samsung C&T for the supply of Green Ammonia. Valued at over US$3 billion, this is one of the world’s largest long-term off-take agreements for green fuels. The deal, commencing in the second half of FY2029, positions India as an exporter of green fuels based on an end-to-end domestic value chain, supporting the National Green Hydrogen Mission (NGHM).
RIL Secures Major Green Ammonia Offtake Agreement
Reliance Industries Limited (RIL) announced on March 16, 2026, that it has entered into a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation of South Korea. This significant agreement is for the supply of Green Ammonia, commencing in the second half of FY2029 and spanning a total period of 15 years.
Deal Valuation and Global Impact
The SPA is valued at more than US$3 billion, establishing it as one of the largest binding long-term Green Ammonia off-take agreements globally. RIL highlighted that this agreement sets a new benchmark in the global energy landscape, underscoring India’s emergence as an exporter of green fuels produced through a fully indigenous, end-to-end value chain. This effort directly aligns with the objectives of India’s National Green Hydrogen Mission (NGHM).
Advancing the New Energy Ecosystem
RIL is actively developing a fully integrated New Energy platform covering renewable energy, energy storage, green hydrogen, and downstream green fuels. A core focus of this strategy is the indigenisation of critical clean-energy technologies, including Solar modules, Battery Energy Storage Systems (BESS), and Electrolyser systems, reinforcing the ‘Make-in-India’ vision. The goal is to create competitive, scalable, and reliable green energy solutions for global markets.
Shri Anant Ambani, Executive Director, Reliance Industries Limited, stated: “We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India’s clean-energy journey.”
RIL’s Financial Standing and Ambition
For the year ended March 31, 2025, RIL reported consolidated revenue of INR 10,71,174 crore (US$ 125.3 billion) and a net profit of INR 81,309 crore (US$ 9.5 billion). RIL has committed to achieving net carbon zero by 2035, supported by its mega-scale solar and storage project in Kutch feeding its integrated green hydrogen and ammonia production at Jamnagar.
About Samsung C&T
Samsung C&T Trading & Investment Group, founded in 1938, maintains a global network across 40 countries. The company specializes in trading key industrial materials and developing renewable energy projects, including solar PV/ESS. This partnership marks the first in a series of long-term offtake deals intended to scale up RIL’s New Energy platform.
Source: BSE
