RINL privatisation prompts Posco to explore new locations for steel plant.

The central government’s decision to privatise Rashtriya Ispat Nigam Ltd. (RINL) has prompted South Korean steel major Posco to explore new locations for setting up a steel plant.

Sources close to the development said that with the government deciding to privatise RINL, Posco was facing yet another barrier. “Posco has been exploring investment in India like other global steelmakers ArcelorMittal, but it has not made any progress,” they said. 

BS