Corporate Snippets

Reliance Industries and Essar are bidding to acquire the retail assets and lubricants business of BP in five African countries — Zambia, Malawi, Botswana, Namibia and Tanzania. (BS)

SAIL hopes to stitch up a joint venture with Japan’s Kobe steel within next six months. (ET)

Adani Enterprise has acquired mining rights for Queensland-based assets for US$455mn. (ET)

GMR Infrastructure said that it has refinanced its bridge loan of US$737mn with a five year debt. (ET)

Godrej Industries is planning major expansion in its agri and chemical business at an investment of Rs3bn. (ET)

HPCL will sell jet fuel to Kingfisher Airlines only against cash. (ET)