Tamil Nadu one of India's largest electrical equipment manufacturing companies, has manufacturing plants at Tiruchirapalli and Ranipet. India's leading steel producer, the state-owned Steel Authority of India has a steel plant in Salem. Sterlite Industries has a copper smelter at Tuticorin and an aluminium plant in Mettur. The Chennai Petroleum Corporation is a state-owned oil and gas corporation headquartered in Chennai, and owns refineries at Manali and Panangudi. The state government owns the Tamil Nadu Newsprint and Papers, in Karur. Jointly with the Tata Group, the state owns the world's sixth largest manufacturer of watches, under the brand name of Titan, at
Economy of Tamil Nadu of the Government of Tamil Nadu with figures in millions of Indian Rupees. See also and . Non-tax revenues of local bodies are excluded. Amount in millions Economy of Tamil Nadu Tamil Nadu has the second-largest economy in India. Over 50% of the state is urbanized, accounting for 9.6% of the urban population in the country, while only comprising 6% of India's total population. Services contributes to 45% of the economic activity in the state, followed by manufacturing at 34% and agriculture at 21%. Government is the major investor in the state, with 52% of total investments, followed by private