To facilitate execution of VSP's expansion programme, the state govt had also agreed to allot iron ore mines

Visakhapatnam Steel Plant (VSP), belonging to Rashtriya Ispat Nigam Limited (RINL), has embarked upon a massive expansion plan involving an investment of Rs 42,400 crore. To facilitate execution of VSP's expansion programme, the state government had also agreed to allot iron ore mines. Both RINL and the state government had signed a memorandum of understanding (MoU) to this effect.