Reliance Shares Soar on $3 Billion Green Ammonia Deal with Samsung C&T

• Reliance Industries Ltd. shares rose after signing a binding agreement with Samsung C&T to supply green ammonia for 15 years.
• The deal is valued at over $3 billion, with supplies commencing in the second half of FY29.
• This agreement is one of the largest long-term green ammonia offtake deals globally, supporting low-carbon fuel adoption in Japan and South Korea.
• Green ammonia, produced using renewable electricity, is a low-carbon fuel and efficient hydrogen transport medium.
• The partnership supports Reliance's green hydrogen ecosystem development and clean-energy manufacturing, marking a key step in India's clean-energy journey.