Madras Refineries inks marketing pact with BPCL
After months of hectic negotiations, Madras Refineries has finally entered into a formal agreement with Bharat Petroleum Corporation for marketing the products of its 6.5-million-tonne Manali refinery near Chennai.

Essar Steel seeks 90-day FRN reprieve
Essar Steel announced on Monday that it is seeking a 90-day reprieve from bondholders for its $250 million floating rate note issue, within the time the company will submit a comprehensive plan.

GM to make Opel Astra, Corsa engines locally
General Motor Corporation of the US has decided to locally manufacture engine and transmission of its next offering for the Indian roads -- Corsa -- even as efforts are on to localise the Powertrain of Opel Astra by next year.

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