ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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SINO-SOVIET RELATIONS-Not Enought to Forget

steel capacity plant at a cost of Rs 2,256 croit (at prices prevailing in first quarter of 1979). In July 1982 the cost was re- estimated at Rs 3,897 crore (at prices prevailing in last quarter of 1981). The estimated cost at first quarter of 1985 prices was Rs 7,500 crore, necessitating a revision of the designed capacities. Now a three million tonne liquid steel capacity plant is estimated to cost Rs 6,850 crore on the basis of prices prevailing in the last quarter of 1987. The first stage was to be commissioned at the end of 1988 but till today none of the units of the plant seem to have been commissioned. Further, the Yeluru canal which will supply water to the plant is yet to be completed. Yet the annual report of the department of steel expresses smug satisfaction over the progress of the project.

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