Following the transaction, Reliance Projects & Property Management Services has ceased to be a subsidiary of Reliance Industries Ltd. The buyer does not belong to the promoter, promoter group or group companies of the company, and the transaction is not classified as a related party transaction.
Reliance Projects & Property Management Services contributed ₹6,412.60 crore to consolidated turnover for the financial year ended March 31, 2025, representing 0.06% of total turnover. Its net worth contribution stood at ₹342.45 crore, accounting for 0.04% as of March 31, 2025.
Also Read: Reliance Industries Q3 net profit at ₹18,645 crore led by O2C, digital businesses
Last month, Reliance Industries said it had signed a binding agreement with Samsung C&T, an affiliate of South Korea’s Samsung Group, to supply green ammonia for 15 years. The deal is valued at over $3 billion, with supplies expected to begin in the second half of FY29.
The agreement is among the largest long-term green ammonia offtake deals globally and comes as countries such as Japan and South Korea increasingly look to low-carbon fuels like hydrogen and ammonia to reduce emissions from industries and power generation.
Green ammonia is produced by combining nitrogen with hydrogen generated using renewable electricity. It is considered a low-carbon fuel and an efficient medium for transporting hydrogen. The company is building a clean-energy manufacturing ecosystem that includes solar modules, battery energy storage systems, and electrolysers.
Also Read: Reliance Industries can rise 18%, says Morgan Stanley post ₹10 lakh crore AI investment announcement
It added that the agreement with Samsung C&T is the first in a series of long-term offtake partnerships aimed at scaling up the company’s New Energy platform.
Shares of Reliance Industries Ltd ended at ₹1,314.55, down by ₹35.60, or 2.64%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
First Published: Apr 13, 2026 11:57 PM IST
