
Reliance Industries Nears Green Ammonia Supply Deals with International Partners
Reliance Industries' New Energy Business Expands Green Ammonia, Battery Storage, and Solar Operations
Reliance Industries Ltd's new energy business is rapidly scaling up its green ammonia, battery storage, and solar operations, supported by large contracts with major offtakers, particularly in the green ammonia business. The company has signed a significant deal to supply green ammonia to Samsung C&T Corp. in a $3 billion, 15-year contract, commencing in the second half of FY29. This contract is aligned with the government's National Green Hydrogen Mission (NGHM).
The green ammonia plant is part of Reliance's Dhirubhai Ambani Green Energy Giga Complex, a cornerstone of Reliance's green energy ambitions. The complex, located in Jamnagar, Gujarat, also includes solar modules and a 20 GWh lithium iron phosphate (LFP) battery storage manufacturing facility, slated for commissioning over the next few years. The facility is progressing at a rapid pace, with the equipment for the battery energy storage system (BESS) and cell facility on-site and commissioning set to start progressively through the year.
Reliance has also signed one of the largest green ammonia supply contracts in the last quarter, demonstrating the confidence that off-takers have in the company's integrated green energy and green chemicals ecosystem. Advanced discussions are underway with off-takers from Japan, Korea, and Europe. The company is also building a round-the-clock solar power generation facility in Kachchh, Gujarat, spanning nearly 5,50,000 acres of land, with construction contracts already awarded. The enabling infrastructure, such as transmission lines, is being built.
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| Contract Type | Duration | Location |
|---|---|---|
| Green Ammonia Supply Contract | 15 years | South Korea |
| Green Ammonia Supply Contract | Last quarter | Global (Japan, Korea, Europe) |
| Solar Power Generation Facility | Ongoing | Kachchh, Gujarat |
Investor Takeaway
Reliance Industries' green ammonia business is gaining traction with large contracts, indicating a positive outlook for the company's new energy vertical.
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