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Two major projects are ready for inauguration here in the first week of July by Prime Minister Narendra Modi and authorities are busy making preparations for the visit.
The first project - the long-delayed expansion project of the Visakhapatnam steel plant to take the capacity of the plant from 3 million tonnes to 6.3 million tonnes - is the most important one.
Earlier this week, Union Steel Minister Narendra Singh Tomar had visited the steel plant, held discussions with the officials and reviewed the arrangements for the PM's visit.
He is said to have expressed dissatisfaction over the time and cost overruns and asked the steel plant authorities to stabilise the functioning of the new units as quickly as possible.
The second project - underground rock cavern for strategic storage of crude - is ready with a capacity of 1.03 mt. It has been built by Indian Strategic Petroleum Reserves Ltd (ISPRL), the special purpose vehicle floated by the Oil Industry Development Board.
It has two chambers - one for ISPRL with a capacity of 1 mt and the second for HPCL with a capacity of 0.3 mt. ISPRL has invested Rs 1,038 crore on the project and HPCL Rs 265 crore.
Union Petroleum Minister Dharmendra Pradhan was here on Thursday to review the arrangements for the Prime Minister's visit. He reviewed the work on the rock cavern project.
There is also an LPG underground cavern here with a capacity of 60,000 tonnes, built by South Asia LPG Pvt. Ltd, a joint venture of HPCL and Total, a French company.
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