Reliance Industries shares in focus after $3 billion green ammonia deal with Samsung C&T
Published on 17/03/2026 06:32 AM
Reliance Industries shares in focus after $3 billion green ammonia deal with Samsung C&TThe deal is valued at over $3 billion, with supplies expected to begin in the second half of FY29, the conglomerate said in a regulatory filing.By Meghna Sen March 17, 2026, 6:32:00 AM IST (Published)2 Min ReadShares of Reliance Industries Ltd. will remain in focus on Tuesday, March 17, after the company said it had signed a binding agreement with Samsung C&T, an affiliate of South Korea's Samsung Group, to supply green ammonia for 15 years.
The deal is valued at over $3 billion, with supplies expected to begin in the second half of FY29, the conglomerate said in a regulatory filing.
The agreement is among the largest long-term green ammonia offtake deals globally and comes as countries such as Japan and South Korea increasingly look to low-carbon fuels like hydrogen and ammonia to reduce emissions from industries and power generation.
Green ammonia is produced by combining nitrogen with hydrogen generated using renewable electricity. It is considered a low-carbon fuel and an efficient medium for transporting hydrogen.
Reliance Industries said the partnership will support the development of its green hydrogen ecosystem and related manufacturing facilities.
The company is building a clean-energy manufacturing ecosystem that includes solar modules, battery energy storage systems, and electrolysers.
It added that the agreement with Samsung C&T is the first in a series of long-term offtake partnerships aimed at scaling up the company’s New Energy platform.
"We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India’s clean-energy journey," said Anant Ambani, Executive Director at Reliance Industries.
Reliance had earlier announced plans in 2021 to invest $10 billion in renewable energy, hydrogen, and battery storage as it seeks to expand beyond its traditional oil-to-chemicals business.
Shares of Reliance Industries settled 0.96% higher on Monday at ₹1,394. The stock is down about 12% so far in 2026.Continue ReadingNote To ReadersDisclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.TagsReliance IndustriesReliance Industries RILReliance Industries share priceSamsung