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Adani Enterprises Ltd has partnered with French clean-technology company Dioxycle to develop low-carbon chemical manufacturing in India, beginning with a pilot plant to produce formic acid using captured carbon dioxide and renewable electricity, the companies said on Friday. The project will be located at an Adani Group site and aims to demonstrate how captured carbon emissions can be converted into industrial chemicals using renewable power. Subject to successful validation of the pilot, the partners plan to scale up the technology for commercial production. Formic acid is used across industries including textiles, agriculture and manufacturing. The partnership marks Adani Group's entry into low-carbon chemicals, expanding beyond its renewable energy and infrastructure businesses. The companies said they will also explore producing other industrial chemicals used in sectors such as energy, materials, packaging and manufacturing, many of which continue to rely on fossil fuel-based
Adani Enterprises Limited's (AEL) Rs 1,000 crore public issue of non-convertible debentures (NCDs) was lapped up within 45 minutes of opening, according to stock exchange data. The base issue of Rs 500 crore was snapped in just 10 minutes, and subscription crossed Rs 1,000 crore - after including the greenshoe option - in under an hour. According to BSE data, AEL received bids for 2.19 crore NCDs against an issue size of 50 lakh at the close on the first day. The issue, which opened on Tuesday, closes on January 19, 2026, with allotment on a first-come, first-served basis. It offers an effective yield of up to 8.90 per cent per annum, according to the company. The base size is Rs 500 crore, with a green shoe option of an additional Rs 500 crore. NCDs are proposed to be listed on BSE and NSE and will be allotted on a first-come, first-served basis. Rated 'AA-' with a stable outlook by ICRA and CARE Ratings, the NCDs offer competitive yields compared to similarly rated debt and fix