recently, India's largest private enterprise, trust industry (Reliance Industries), and South Korea's Samsung products company (Samsung C & T Corp.)
according to the agreement, trust industry will supply green ammonia to Samsung products for a long time from the second half of fiscal year 2029. The cooperation is regarded as an important milestone in India's clean energy transition, and also reflects India's strategic goal of building a global green fuel export center based on the local clean energy industry chain, which is in line with India's National Green Hydrogen Energy Mission (NGHM).
Anant Ambani, executive director of Reliance Industries, said the company's new energy strategy aims to scale up green fuels and green chemicals by integrating renewable energy resources, local manufacturing and technology development, while the partnership will support the expansion of its green hydrogen energy ecosystem and super factories.
For the fiscal year ended March 31, 2025, Reliance Industries recorded consolidated revenue of $125.3 billion, cash profit of $17.2 billion, and net profit of $9.5 billion. Reliance Group's business covers oil and gas exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable energy (solar and hydrogen), retail, digital services, etc.
Through its new energy business, the company is building a very large-scale solar and energy storage project in Kutch, Gujarat, providing all-weather renewable energy to power the integrated production of green hydrogen and ammonia in Jamnagar. The project is centered on the Dirubai Ambani Green Energy Giant Complex, an advanced manufacturing center covering 5,000 acres, A super factory with solar modules, batteries, electrolyzers, fuel cells and power electronics.
Samsung Products Trading & Investment Group was founded in 1938 and has a global business network covering 40 countries and more than 70 offices. The company focuses on the trading of key industrial raw materials such as steel, chemicals and non-ferrous metals, and is committed to the development of renewable energy projects such as solar photovoltaic/energy storage systems (PV/ESS).
With this agreement, Samsung will be able to respond more effectively to the growing demand for green ammonia in South Korea and overseas, while laying a stronger foundation for the expansion of its hydrogen trading business. The agreement is also expected to help build a stable hydrogen supply chain to meet the growing demand for power generation.