Hyundai group looks to set up a steel plant in partnership with RINL

A delegation of Hyundai representatives, led by the South Korean ambassador, visited the Visakhapatnam Steel Plant last month

A team from the Hyundai group visited Visakhapatnam Steel Plant of Rashtriya Ispat Nigam Ltd (RINL) to explore the possibility of setting up a steel plant in partnership with the public sector steel major.

A delegation of Hyundai representatives, led by the South Korean ambassador, was at the plant site last month. These are government-to-government talks, said RINL Chairman and Managing Director P K Rath.

The team had visited the RINL site on October 23. RINL has surplus land of 3,000 acres. The total land available with RINL is 20,000 acres, which includes the township area.

Rath said it was a preliminary visit