Synopsis: Shares gained after a $3 billion, 15-year green ammonia deal with Samsung C&T, boosting clean energy positioning. Trading near ₹1,401, the broker sees ~29% upside to ₹1,803, while a $110 billion long-term investment plan signals continued strategic transformation and global expansion.
The shares of the prominent conglomerate open on a positive note in today’s trading session after the company signed a binding agreement with Samsung C&T to supply green ammonia valued at over $3 billion.
With a market capitalisation of Rs 18,95,290.45 crore, the shares of Reliance Industries Ltd were trading at Rs 1,401.60 per share, increased around 0.47 percent as compared to the previous closing price of Rs 1,395.05 apiece.
Significant Agreement
The share of Reliance Industries Ltd has seen positive movement after signing a binding agreement with Samsung C&T, marking a strategic step into the global green energy supply chain, strengthening its position in clean fuel exports. The $3 billion, 15-year deal ensures long-term revenue visibility and aligns with rising demand from countries like South Korea and Japan shifting toward low-carbon energy alternatives.
Moreover, this move highlights Reliance’s focus on future-ready businesses, particularly green hydrogen and its derivatives. As green ammonia gains traction as a transportable clean fuel, the deal not only enhances global credibility but also supports India’s ambition to become a major hub for renewable energy exports.
Shri Anant Ambani, Executive Director, Reliance Industries Limited, said: “We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India’s clean-energy journey
RIL’s New Energy initiative aims not only to advance the energy transition but also to build a strong industrial platform for India by integrating India’s renewable resources with the country’s manufacturing leadership, world-class talent, and innovation to produce value-added green fuels and chemicals at scale. At the heart of this vision is our commitment to indigenising the critical technologies of the energy transition, Solar, Battery Energy Storage Systems, and Electrolysers, under a strong Make-in-India framework.
Brokerage Recommendations
Recently, Reliance Industries Limited has received a bullish outlook from Morgan Stanley, which has reiterated its ‘Buy’ rating with a target price of Rs 1,803 per share. This implies a potential upside of about 29% from the current price of Rs 1,401.60, reflecting the brokerage’s confidence in the company’s long-term growth prospects and diversified business model.
The brokerage stated that despite a re-rating in global refining and Asian chemical stocks, Reliance Industries Limited continues to trade at a discount compared to its domestic peers. It added that tight global supply conditions and production curbs may keep refining margins elevated for longer, especially amid geopolitical tensions such as the ongoing Iran–Israel–US conflict, which has disrupted trade flows, pushed oil prices higher, and increased volatility in global markets.
Last month, the brokerage reiterated its ‘top pick’ view on the stock while maintaining the same rating and target price. It highlighted that the company has transformed its business strategy roughly every decade during its nearly 48 years as a listed entity. The brokerage believes the planned $110 billion investment in AI, energy supply, and digital infrastructure over the next seven years represents the company’s next major strategic shift.
Reliance Industries Limited is one of India’s largest conglomerates with diversified businesses spanning energy, petrochemicals, telecom, retail, and new energy. The company has consistently expanded into emerging sectors, leveraging scale, technology, and strategic investments to drive long-term growth and strengthen its global presence.
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