Reliance Industries Signs a $3 Billion Green Ammonia Deal with Samsung C&T; Reliance Shares Up 0.37%

Mumbai, March 17: Reliance Industries Limited shares were up in early trade on Tuesday after company announced a long-term green ammonia offtake agreement with Samsung C&T Corporation, positioning the company within global clean energy supply chains.

The agreement is structured as a binding Supply and Purchase Agreement for a 15-year period, with deliveries expected to commence in the second half of FY2029. The contract value exceeds US$3 billion, making it one of the largest long-term green ammonia arrangements globally, as per the company’s media release submitted to the exchanges on Monday.

The company stated that the agreement aligns with India’s National Green Hydrogen Mission and is intended to support the development of an integrated clean energy value chain. The supply will be backed by Reliance’s domestic manufacturing ecosystem spanning solar modules, battery storage systems and electrolyser production.

Reliance Stock Performance Snapshot

Reliance Industries share price traded higher following the disclosure. As of 9:51 AM IST on March 17, 2026, the stock was at ₹1,400.20, up ₹5.10 or 0.37% so far in the session, according to exchange data.

The stock opened at ₹1,399.00 and moved within a range of ₹1,394.80 to ₹1,403.00 so far. Market capitalisation stood at approximately ₹18.95 lakh crore.

The movement in Reliance Industries share price reflects a measured market response to the long-term nature of the agreement, with investors factoring in execution timelines and capital deployment visibility.

Company Background

Reliance Industries Limited operates across hydrocarbons, petrochemicals, retail, digital services and renewable energy. The company has been scaling its New Energy platform with investments in solar manufacturing, energy storage, hydrogen and downstream green fuels.

According to the company’s disclosure, the green ammonia project will be supported by its integrated energy ecosystem, including the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar. The company aims to build end-to-end capabilities spanning production, storage and export of green fuels.

Samsung C&T, the counterparty in the agreement, is engaged in global trading of industrial materials and renewable energy project development, with operations across multiple geographies.

Conclusion

The agreement marks a significant step in Reliance’s transition towards low-carbon energy solutions, while establishing long-term export linkages for green ammonia. Although financial benefits are expected over a multi-year horizon, the deal reinforces the company’s positioning in the global clean energy value chain.

Near-term stock movement remains modest, suggesting that investors are awaiting further clarity on project execution timelines, capital expenditure and revenue visibility before assigning higher valuation multiples.

Source:

• https://www.nseindia.com/get-quote/equity/RELIANCE/Reliance-Industries-Limited
• https://nsearchives.nseindia.com/corporate/kavinavora_16032026191546_SE_16032026.pdf