Reliance-Samsung C&T USD 3 billion green ammonia deal
Why in the news
Reliance secured a big long-term green ammonia contract, tying its clean energy output to a South Korean buyer.
Key facts
- Reliance Industries Limited and Samsung C&T Corporation of South Korea signed a long-term supply deal for green ammonia.
- Value: over USD 3 billion.
- Tenure: 15 years, beginning in FY 2028-29.
- Production: through Reliance’s clean energy ecosystem in India.
- Policy link: advances the National Green Hydrogen Mission.
Deal snapshot
| Feature | Detail |
|---|---|
| Supplier | Reliance Industries Limited |
| Buyer | Samsung C&T Corporation (South Korea) |
| Product | Green ammonia |
| Size | Above USD 3 billion |
| Period | 15 years from FY 2028-29 |
Exam angle
- Product: green ammonia.
- Counterparty: Samsung C&T, South Korea.
- Related mission: National Green Hydrogen Mission.