The RINL-Visakhapatnam steel plant has signed a memorandum of understanding with the King George hospital here for development of infrastructure by establishing a multi-storeyed hospital complex at the old ENT building with a financial assistance of Rs 2 crore during the current financial year and further financing annually, according to a press release. G. Madhava Rao, Deputy General Manager (CSR), and P. Madhusudan Babu, Superintendent of KGH, signed the MoU.