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The cyclone flooded airports and brought the region to a standstill apart from injuring 300 people.
Hulo quit during a live radio interview following what he called an "accumulation of disappointments".
The plant at Mahul road in Chembur area of Mumbai caught fire at around 3 pm, an official said.
Ambani said he was 'personally saddened' by the 'unfortunate statements' against him and his group by several functionaries of the Congress party.
Modi was addressing a rally of beneficiaries of welfare schemes run by the Centre and the state government in BJP-ruled Rajasthan.