Reliance Industries Ltd. (RIL), which is developing a fully integrated new energy platform spanning renewable energy, energy storage, green hydrogen, downstream green fuels and chemicals, said it 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 $3 billion, is one of the largest binding long-term Green Ammonia off-take agreements globally, the company said.
“The SPA 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, including the domestic manufacturing of critical clean-energy equipment, aligned with India’s National Green Hydrogen Mission (NGHM),” it added.
Anant Ambani, Executive Director, RIL said, “This partnership marks an important step in India’s clean-energy journey.”
“RIL’s New Energy initiative aims not only to advance the energy transition but also to build a strong industrial platform for India by integrating India’s renewable resources with the country’s manufacturing leadership, world-class talent and innovation to produce value-added green fuels and chemicals at scale,” he said.
“At the heart of this vision is our commitment to indigenising the critical technologies of the energy transition — Solar, Battery Energy Storage Systems, and Electrolysers — under a strong Make-in-India framework,” he added.
“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 further said.
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.
RIL said a central pillar of its New Energy ecosystem is the indigenisation of critical clean-energy technologies in India, including Solar modules, Battery Energy Storage Systems (BESS), and Electrolyser systems, in line with the Government of India’s vision for self-reliance and domestic manufacturing leadership.
By integrating these capabilities within a single ecosystem, RIL said it aims to deliver green energy solutions that are competitive, scalable, and reliable for global markets while strengthening India’s industrial base.
Published – March 16, 2026 09:15 pm IST
