Reliance Industries Limited (RIL) has signed a massive, long-term supply and purchase agreement (SPA) valued at $3 billion with South Korea’s Samsung C&T Corp. to export green ammonia.
The contract spans 15 years, with deliveries officially scheduled to commence in the second half of 2029. It marks one of the largest binding long-term green ammonia offtake agreements globally to date, signaling a significant milestone in Chairman Mukesh Ambani’s aggressive multi-billion dollar pivot toward the renewable energy market.
1. Dissecting the Deal Structure
Under the terms of the binding agreement, Reliance will produce the green ammonia domestically, while Samsung C&T (the trading and investment arm of the Samsung empire) will act as the primary offtaker and international distributor.
Samsung intends to channel the carbon-free fuel to North Asian markets, particularly South Korea and Japan, where heavy industries, utilities, and shipping sectors are facing strict carbon-reduction mandates.
| Key Metric | Detail |
| Total Contract Value | $3 Billion (approx. ₹25,000 crore) |
| Contract Duration | 15 Years |
| Delivery Kick-off | Second half of 2029 (H2 CY29) |
| Primary End Markets | South Korea, Japan, and international clean fuel hubs |
2. Powering the Deal: The Jamnagar Giga Complex
Central to Reliance’s ability to execute this heavy industrial contract is its massive Dhirubhai Ambani Green Energy Giga Complex spread across 5,000 acres in Jamnagar, Gujarat.
Unlike global competitors that rely on fragmented, imported components, Reliance is executing a strategy of deep indigenisation. Rather than just buying equipment, the company is building its own gigafactories to manufacture solar modules, battery storage systems, and water electrolysers in-house.
┌──► Step 1: 540,000-acre Kutch facility generates solar/wind power
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[Reliance Green Ammonia Pipeline] ────┼──► Step 2: Jamnagar Gigafactories build in-house water electrolysers
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└──► Step 3: Clean power splits water to create hydrogen -> Green Ammonia
To feed this ecosystem, Reliance is simultaneously scaling up a massive 550,000-acre renewable energy generation hub in Kutch, Gujarat, designed to provide round-the-clock solar and wind power. This green electricity will run the water electrolysers to split water into hydrogen and oxygen, which is then combined with nitrogen via clean-energy processes to manufacture green ammonia.
“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.”
— Shri Anant Ambani, Executive Director, Reliance Industries
3. The Commercial Launch Timeline
Providing operational updates on the broader clean energy rollout, the company confirmed a rigid commissioning timeline leading up to the 2029 Samsung delivery:
- 2026 (Current Year): Commercial revenue from Reliance’s newly built solar manufacturing operations is scheduled to begin flowing later this year.
- 2027 (Next Fiscal): The first phase of its 40 GWh (Gigawatt-hour) battery cell manufacturing plant in Jamnagar will officially come online, with structural plans to scale capacity to 120 GWh annually in later phases.
- 2029: Fully stabilized, automated green hydrogen and downstream chemical production lines scale up to begin fulfilling the $3 billion export obligation to Samsung.
4. A Validation Step for India’s Hydrogen Mission
The Samsung agreement serves as the very first in a planned series of long-term international offtake partnerships for Reliance’s New Energy business, which is targeting an absolute corporate goal of reaching net-carbon zero by 2035.
By locking in a premier international enterprise buyer years before the first physical drop of fuel is shipped, Reliance has effectively validated its heavy capital expenditure in alternative fuels. The deal sets an industrial benchmark for India’s National Green Hydrogen Mission, proving that domestic corporations can build an end-to-end, cost-competitive green fuel supply chain capable of competing directly with global petrostates.
