Ad Here  
Aavin leads second milk revolution Needed – a strong machine tool industry LMW: Spinning Success... Weaving knowledge and wealth Schwing Stetter forays into tower crane business I scream... Changing face of Bhiwadi Pearl city to port city When Chennai caught up with Petro-boom... Farmer’s Friend Samarapungavan and Sankarabharanam The year of resurgence... Weaving wealth... Tap the big land resource No break for growth... Yen for research and development Amazon runs into trouble with Karnataka government Indian majors’ industrial hub On the banks of Bhavani Power position brightens Chaos at Chettinad house The Indian punch to global FMCG giants! Bland skies henceforth? Silk city to auto city Textiles: a stitch in time Knitting for the globe Focus on increasing ethanol production... Crafting spaces to excellence Cognizant to buy out TRiZetto for US $ 2.7 Bn Queen of industrial clusters To make companies TN their home... Bonanza in locked lands... All that glitters… Powering industrial dreams... Kalinga Plant ready to ROLL Automatic cars zip ahead... Windfall in locked lands Sugar as a byproduct of sugar mills… TN lost several Tata projects… Radiant Rajasthan... A positive sign for Make In India A silent revolution at Sowripalayam Bitter state of the sweet sector The city never sleeps TEAM BUILDING AND NURTURE LEARNING… Unique Tirupur water supply scheme Dynamic pricing is so destructive! Mediville amidst a modern industrial complex ‘Swachh’ city... Health insurance on growth curve Largest blast furnace at Burnpur Safe bet on solar Growing industrial outpost High sugarcane prices crush industry Ports-gateways to trade... Tractor Industry in low gear Water, water everywhere… Platinum years of engineering innovation, building skills... Manpower for plastics... Changing horizons.... Marching Towards Navratna Our own Silicon Valley Rise and fall of India’s calcium carbide industry Centre of modern industrial temples Give fridges and washing machines free...
When Chennai caught up with Petro-boom...

Chennai metro like other large cities was constantly pushing its periphery in all directions. In the early years, Tiruvottiyur was the northern limit for Chennai; a number of industrial units, including MRF, Enfield India and Metal-box were set up there. Soon the city expanded further north to Ennore where Ashok Leyland established its commercial vehicles factory. A large power station was also constructed at Ennore.

The real big change came after Manali was selected for setting up a large refinery in the 1960s.

I remember the excitement over the Madras Refineries Limited (MRL), now called Chennai Petroleum Corporation Ltd (CPCL), set up in collaboration with US and Iranian companies.  Under the leadership of the renowned technocrat, M Rama Brahmam, a large number of international construction firms like Snam Progetti and Taylor Instruments built this sophisticated refinery to the stipulated tight time schedule and cost.

Chennai witnessed a galaxy of ambassadors, diplomats and a large complement of other foreigners at the glittering function when President V V Giri dedicated MRL to the nation. MRL recorded continuous expansion and improvements in refining margins. It  also set up a small refinery near Nagapattinam to make use of the oil produced in that region. Later the American partner withdrew and MRL became part of Indian Oil.

Large scale production of a wide range of petroleum products triggered an explosive growth in a number of units around MRL. Madras Fertilizers, Indian Organics, Shriram Fibres, Tamilnad Petroproducts, Manali Petrochemicals, and Kothari Heavy Chemicals set shop in quick time.

The face of Manali has changed dramatically in just two decades. For a couple of decades from its commissioning in 1969, MRL recorded frenetic pace of growth. Manali boomed with large scale employment and high incomes. The birth of the petrochemical industry in the state was a true watershed.

The oil crisis in 1973 that resulted in crude prices skyrocketing frequently and the discovery of gas in the Bombay High oil fields shifted action to the west. The pace of expansion of Manali slowed down post liberalisation in 1991.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236