Chennai, March 17 -- Reliance Industries Limited (RIL) has said it 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.
The SPA, valued at more than $3 billion, is one of the largest binding long-term Green Ammonia off-take agreements globally.
The SPA 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 Green Hydrogen Mission (NGHM).
Building a New Global Benchmark...