New Delhi, March 16 Reliance Industries Ltd has signed a $3 billion deal to supply green ammonia to South Korea's Samsung C&T for 15 years, the company said on Monday.
The agreement, one of the largest long-term green ammonia deals globally, positions India as an emerging exporter of green fuels produced through a fully indigenous value chain, including domestic manufacturing of critical clean-energy equipment. The supply is set to commence in the second half of fiscal 2029.
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."
"The SPA, valued at more than $3 billion, is one of the largest binding long-term green ammonia off-take agreements globally," it said.
Green ammonia is produced using renewable energy sources instead of fossil fuels, making it a carbon-free or low-carbon alternative. Unlike conventional ammonia, which is made using natural gas, green ammonia is produced by combining hydrogen from green hydrogen (obtained via electrolysis of water using renewable electricity) with nitrogen from the air.
It can be used as a fertilizer, industrial chemical, or fuel for power generation and shipping.
Reliance is developing a fully integrated new energy platform encompassing renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by in-house manufacturing of solar modules, battery energy storage systems (BESS), and electrolyser systems. The initiative aligns with India's National Green Hydrogen Mission and the government's push for self-reliance in critical clean-energy technologies.
"A central pillar of the company's 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," the statement said.
"By integrating these capabilities within a single ecosystem, RIL aims to deliver green energy solutions that are competitive, scalable, and reliable for global markets while strengthening India's industrial base."
The agreement with Samsung C&T is the first in a series of long-term off-take partnerships supporting the scale-up of RIL’s New Energy platform.
Anant Ambani, Executive Director, Reliance, said the partnership with Samsung C&T will deliver cost-competitive and reliable green ammonia while helping scale the company's green hydrogen ecosystem and gigafactories.
"This partnership marks an important step in India’s clean-energy journey. Reliance'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.
"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. 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 added.
Reliance's New Energy business is anchored by the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, a 5,000-acre hub integrating solar, storage, hydrogen and ammonia production with advanced manufacturing gigafactories. The company aims to achieve net-zero carbon emissions by 2035.
Samsung C&T, founded in 1938, operates a global network across 40 countries, trading industrial materials and developing renewable energy projects.