IndustryMadras State (Congress era)
Madras Refineries formed as a joint venture
Madras Refineries Limited was formed by the Government of India, Amoco and the National Iranian Oil Company to build a refinery at Manali.
Madras Refineries Limited was formed in 1965 as a joint venture of the Government of India, Amoco and the National Iranian Oil Company. Its refinery at Manali in north Madras became the anchor of a petrochemical and fertiliser industrial belt. From 1969 the refinery was connected to the Madras port by a 17 km crude oil pipeline. The company was later renamed Chennai Petroleum Corporation and became a subsidiary of Indian Oil.



