Govt asks RINL, POSCO to form joint working group for AP steel project

The JWG would meet regularly to expedite the implementation of the MoU, the ministry said.

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