RIL Share Price Today: There was a rise in the shares of Mukesh Ambani’s company, Reliance Industries on Tuesday. Today, the stock is up +2.50 points (0.18%), trading at 1,397.60. This surge came after the company announced that it has signed a long-term agreement worth $3 billion with Samsung C&T for the supply of green ammonia. After this news, investor interest in the stock increased on Tuesday.
RIL signed agreement with Samsung
Reliance Industries announced that it has entered into a long-term agreement with South Korea’s Samsung C&T Corporation for the supply of green ammonia. This agreement will last for 15 years, starting from the second half of financial year 2029.
Reliance Industries said that the value of this deal is more than $3 billion. This is one of the world’s largest long-term agreements for the purchase of green ammonia. The company further said that this deal sets a new benchmark in the global energy sector, as it reflects India’s potential to emerge as an exporter of clean fuels like green ammonia.
The entire process will take place in India only
The company also clarified that, in line with the National Green Hydrogen Mission, the entire process from production to supply also includes indigenous manufacturing of critical clean energy components. This will be completed within India only.
Building a new energy platform
Reliance Industries is currently developing a comprehensive “new energy platform” covering various sectors, such as renewable energy (solar and wind), energy storage, green hydrogen, and eco-friendly fuels and chemicals. Instead of relying on external entities, the company is also manufacturing critical clean energy equipment in-house.
promote local manufacturing
Reliance Industries confirmed that a key part of its new energy strategy is indigenous manufacturing of critical technologies within India. These technologies include solar panels, battery energy storage systems (BESS), and electrolyzers used for green hydrogen production. This approach supports the Government of India’s objective of promoting local manufacturing and greater self-reliance.
Goal of Green Energy Solutions
Reliance Industries said that by combining all its clean energy capabilities into one integrated system, it aims to provide affordable, scalable and reliable green energy solutions to customers around the world. Apart from this, this initiative will also contribute to the development of India’s industrial sector.
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