Reliance Industries has signed a binding long-term agreement with Samsung C&T Corporation to supply green ammonia over a 15-year period, in a deal valued at more than $3 billion.

The supply agreement will commence in the second half of fiscal 2029 and is among the largest long-term green ammonia offtake contracts globally, the companies said.

The deal supports the development of export-oriented green fuel supply chains and aligns with India’s broader push under its green hydrogen strategy.

Reliance Industries is developing an integrated new energy platform that includes renewable power generation, energy storage, green hydrogen production, and downstream fuels and chemicals. The company is also investing in domestic manufacturing of solar modules, battery energy storage systems, and electrolyzers.

The green ammonia supplied under the agreement will be produced using renewable energy from Reliance’s upcoming projects, including a large-scale solar and storage facility in Kutch, western India, designed to provide round-the-clock clean power.

“This agreement marks an important step in scaling our new energy business and building global partnerships for green fuels,” said Anant Ambani, Executive Director at Reliance Industries.

Samsung C&T said the agreement strengthens its position in the global energy transition market by securing long-term supply of green ammonia, which is expected to play a key role in decarbonizing industries such as shipping, power, and chemicals.

The company operates a global trading and investment network across more than 40 countries and is expanding its portfolio in renewable energy and low-carbon fuels.

Reliance Industries reported revenue of $125.3 billion and net profit of $9.5 billion for the financial year ended March 31, 2025, providing financial strength to support its expansion into clean energy.

The agreement is expected to be the first in a series of long-term offtake partnerships as Reliance scales its green hydrogen and derivatives business.