Mumbai, March 16 -- Reliance Industries Limited (RIL) has entered into a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of Green Ammonia over a 15-year period commencing in the second half of FY2029.

According to a press release shared by Reliance Industries, "The SPA, valued at more than USD 3 billion, is one of the largest binding long-term Green Ammonia off-take agreements globally."

The agreement sets a new benchmark in the global energy landscape, with India emerging as an exporter of green fuels produced through an end-to-end value chain anchored in the country, including the domestic manufacturing of critical clean-energy equipment, aligned with India's National Gre...