THEBUSINESSBYTES
BUREAU
MUMBAI,
MARCH 16, 2026
In a major boost to
India’s emerging green fuel economy, Reliance Industries Ltd has signed a
landmark USD 3 billion agreement to supply green ammonia to South Korea’s
Samsung C&T Corporation for a period of 15 years, the company announced on
Monday.
The long-term deal,
among the largest global supply agreements for green ammonia, marks a
significant milestone in India’s efforts to position itself as a key exporter
of clean fuels produced through an entirely indigenous value chain. The supply
is scheduled to begin in the second half of fiscal year 2029, signalling a new
phase in large-scale international trade of green energy commodities.
In a statement,
Reliance 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."
Industry observers
say the agreement reflects growing international demand for low-carbon fuels as
countries accelerate their transition toward cleaner energy systems and
decarbonisation goals.
According to the
company, the partnership aligns closely with India’s ambitious National Green
Hydrogen Mission, which seeks to scale up domestic production of green hydrogen
and its derivatives such as green ammonia to support both domestic consumption
and exports.
Reliance noted that
the agreement is part of its broader strategy to create a fully integrated
clean-energy ecosystem spanning renewable power generation, energy storage,
hydrogen production, and the manufacturing and supply of downstream green
fuels. The company has been investing heavily in building large-scale renewable
and green hydrogen infrastructure to support this vision.
The deal is expected
to strengthen India’s footprint in the global green energy supply chain while
deepening energy cooperation between India and South Korea as both nations
pursue aggressive decarbonisation targets.
