 "RINL, POSCO to form joint working group for AP steel project")
The Ministry of Steel has asked RINL and South Korean player POSCO to form a joint working group to oversee their plans of setting a green-field project in Andhra Pradesh.
The South Korean steel major and state-owned RINL have been in talks for quite some time over their plans to set up a joint venture (JV) for manufacturing value-added special grade of steel.
According to a ministry update, "The way forward for the proposed greenfield investment project by POSCO Steel at Visakhapatnam was discussed with the representatives of POSCO Steel...through a video conference.
"It was agreed to set up a
