Deals Counterparts

Reliance Industries signs $3 billion green ammonia supply agreement with Samsung C&T

Supply Agreement Green Ammonia announced India Mar 17, 2026
USD3B
Deal Value
development
Stage
Dhirubhai Ambani Green Energy Giga Complex
Project

Reliance Industries Limited (RIL) has entered into a 15-year supply agreement with Samsung C&T Corporation for green ammonia, valued at over US$3 billion. This deal is designed to strengthen India's position in clean energy exports and aligns with the National Green Hydrogen Mission. RIL is actively developing a comprehensive green energy ecosystem with the goal of achieving net carbon zero by 2035. The long-term agreement underscores a significant commitment to sustainable energy solutions and international collaboration in the green hydrogen sector.

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Deal Analysis

India's clean energy export ambitions gain concrete form with Reliance Industries Limited's (RIL) newly announced 15-year green ammonia supply agreement. This deal, valued at over US$3 billion, sees RIL providing green ammonia to Samsung C&T Corporation. The long-term commitment directly supports India's National Green Hydrogen Mission, establishing a significant export channel for sustainable energy. For RIL, securing this substantial off-take agreement advances its internal goal of achieving net carbon zero by 2035. The commercial logic centers on RIL monetizing its developing green energy ecosystem while Samsung C&T secures a critical input for its own sustainable growth objectives. This agreement, announced on 2026-03-17, positions India as a future supplier in the global green hydrogen sector. Reliance Industries Limited's commitment to developing a comprehensive green energy ecosystem is further evidenced by this supply agreement. The deal directly contributes to RIL's stated objective of reaching net carbon zero by 2035 through its green ammonia production in India. Samsung C&T Corporation, a company involved in construction, trading, fashion, and resort businesses, secures a long-term green ammonia supply aligning with its aim for sustainable growth. This procurement could support various global projects undertaken by Samsung C&T, integrating clean energy into its diverse operations. The 2026-03-17 announcement also illustrates international collaboration within the green hydrogen sector, connecting an Indian supplier with a global conglomerate.
  • Reliance Industries Limited signed a $3 billion green ammonia supply agreement.
  • The supply agreement with Samsung C&T Corporation spans 15 years.
  • The deal was announced on 2026-03-17.
  • The agreement supports India's National Green Hydrogen Mission.
  • Reliance Industries Limited aims for net carbon zero by 2035.
  • Samsung C&T Corporation operates in construction, trading, fashion, and resort businesses.

Source Intelligence

KEY DETAILS

This partnership is expected to strengthen India’s position as a key exporter of green fuels in the coming years. It also supports the country’s efforts to build a strong domestic value chain for clean energy, in line with the National Green Hydrogen Mission. RIL is actively developing a comprehensive green energy ecosystem with the goal of achieving net carbon zero by 2035. The Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is spread across 5,000 acres and will focus on manufacturing important components such as solar modules, batteries, and electrolysers. The deal with Samsung C&T is expected to be the first of many similar long-term agreements as RIL expands its presence in the green energy sector. Samsung C&T, established in 1938, operates through a wide international network with over 70 offices worldwide and is increasing its focus on renewable energy projects and sustainable solutions.

Deal Size
The total value of the agreement is estimated to be over US$3 billion
Location
strengthen India’s position as a key exporter of green fuels
PPA Details
signing a long-term Supply and Purchase Agreement with Samsung C&T Corporation. The agreement, announced on March 16, 2026, focuses on the supply of green ammonia for a period of 15 years.
Announcement
The agreement, announced on March 16, 2026
Signing
The agreement, announced on March 16, 2026
COD
Deliveries under this deal are expected to begin in the second half of the 2029 fiscal year.
PARTIES MENTIONED IN SOURCE
R
Reliance Industries Limited (RIL) seller

"Reliance Industries Limited (RIL) has taken a major step toward clean energy by signing a long-term Supply and Purchase Agreement with Samsung C&T Corporation."

S
Samsung C&T Corporation buyer

"Supply and Purchase Agreement with Samsung C&T Corporation."

medium quality Enriched Mar 17, 2026

Timeline

Announced
Mar 17, 2026
Signed
Mar 16, 2026
Closed

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