Reliance Industries has signed a long-term agreement with Samsung C&T Corporation of South Korea to supply green ammonia for the next 15 years. The deal is valued at more than $3 billion and is considered an important step in Reliance’s growing clean-energy business.
According to the agreement, Reliance will start delivering green ammonia to Samsung C&T from the second half of FY2029. The contract is structured as a Supply and Purchase Agreement (SPA), which means both companies have made a binding commitment for long-term supply.
Comments
Log in to comment and join the discussion.
No comments yet. Be the first to comment.