Shares of Reliance Industries rose in early trading after the company revealed a long-term agreement for green ammonia offtake with Samsung C&T Corporation, placing the firm in global clean energy supply networks.

The contract is designed as a binding Supply and Purchase Agreement spanning 15 years, with deliveries anticipated to start in the latter half of FY2029. The value of the contract surpasses US$3 billion, establishing it as one of the largest long-term agreements for green ammonia worldwide, according to the company’s media release provided to the exchanges on Monday.

The organization announced that the pact is in line with India’s National Green Hydrogen Mission and aims to aid the creation of a unified clean energy value chain. The supply will be supported by Reliance’s local manufacturing network that includes solar modules, battery storage solutions, and electrolyzer production.

Reliance Industries stock price moved upward after the announcement. At 9:51 AM IST on March 17, 2026, the stock reached Rs.1,400.20, increasing by Rs.5.10 or 0.37 percent during the session, based on exchange information.

The stock commenced at Rs.1,399.00 and has fluctuated between Rs.1,394.80 and Rs.1,403.00 to this point. Market capitalization was around Rs.18.95 lakh crore.

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The fluctuations in Reliance Industries' share price indicate a calculated market reaction to the agreement's long-term aspects, as investors consider execution schedules and clarity on capital allocation.

Reliance Industries Limited functions in hydrocarbons, petrochemicals, retail, digital services, and renewable energy. The firm has been expanding its New Energy platform through investments in solar production, energy storage, hydrogen, and downstream renewable fuels.

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As per the company's announcement, the green ammonia initiative will be backed by its cohesive energy ecosystem, which features the Dhirubhai Ambani Green Energy Giga Complex located in Jamnagar.

The company seeks to establish comprehensive abilities covering the production, storage, and export of renewable fuels.

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Samsung C&T, the other party in the contract, participates in worldwide trading of industrial materials and the development of renewable energy projects, with activities spanning various regions.