MARG LTD. PLANS FORAY INTO GUJARAT
~Keen on partnering the vibrant growth in Gujarat economy and infrastructure~
~Focus on the Port, Marine Infrastructure and Industrial EPC projects~
~A host of International strategic and technical alliances to boost its delivery output and client experience~
Gujarat, June 16, 2011: Chennai headquartered, MARG Limited (BSE: 530543), one of the India's leading diversified infrastructure development companies, is planning a foray into the vibrant Gujarat market through providing its domain expertise in port, marine infrastructure, industrial EPC (Engineering, Procurement and Construction) and other infrastructure projects Listed by Dun & Bradstreet among "India's Top 500 Companies 2010", MARG Group has projects worth more than Rs. 5000 crores under execution, global partners in the Infra space and offices spread across India, Singapore and China. MARG's businesses are organized under 4 distinct business verticals – Marine Infrastructure & Services, Urban & Industrial Infrastructure, EPC and Real Estate.
With over two decades of reassuring presence and pioneering the development of economic growth centers, MARG's portfolio spans across the entire infrastructure value chain. Although MARG has diversified as an infrastructure major across Marine Infrastructure, Airport, Residential real estate, Commercial real estate and Industrial clusters, by DNA its core competency remains as EPC (Engineering, Procurement and Construction) which will be the key growth driver for MARG.
Already MARG Limited has a sizable National presence and is undertaking orders across India and across private and public sector. The company has plans to foray into large sustainable infrastructure projects across various sectors like marine infrastructure, port and industrial projects in Gujarat market.
Speaking on the occasion, GRK Reddy, Chairman and Managing Director, MARG Group said, "Over the past 20 years, MARG Group has a built a reputation of reliability and high class quality in the infrastructure space across the country. The company has pioneered the IT corridor in Chennai and has executed many prestigious infrastructure projects nationally. With technological innovation as a focus, MARG's EPC division brings in the best of technology and knowledge partners to deliver a world class infrastructure in Gujarat. We at MARG are looking forward to partnering Gujarat's development initiatives and maximizing its growth potential."
MARG's EPC division provides integrated turnkey solutions and its range of services include integrated design, engineering, material procurement, field services and construction & project management services for infrastructure sector and real estate projects.
Consistent track record in execution of projects with more than 20 years of experience and with some of the best cutting edge technology, intellectual strength. Some of its large external customers include Government of Pudhucherry, Alstom, Asian Wind Turbines, Assotech Ltd, BHEL, Daslagerway Wind Turbines Ltd, Larsen & Tubro, Enercon India (P) Ltd., Indian Railways, Indian Oil Corporation, Military Engineering Services, Hindustan Petro Chemical Ltd, Housing and Urban Development Corporation, Lucknow Development Authority and National Buildings Construction Corporation
MARG EPC also has the enviable reputation of building MARG Karaikal port (now considered as one of India's finest private sector ports) and MARG Swarnabhoomi (a unique smart eco-system based land of new thinking and a city that follows the principle of Education, Research and innovation).
Strategic tie-ups with international majors:
String of strategic alliances to strengthen business focus and technical expertise which will bring technology innovation in Infrastructure development to Gujarat:
- PYCSA S.L., a Spain based company, for jointly developing urban & rural infrastructure projects
- LAGAN Construction (Ireland based) for collaboration to strengthen the development on constructions of Roads, Airports, Marine structures, Water & Sewage Treatment Plants
- Los Angeles headquartered and Fortune 500 Co. AECOM for master planning the Bijapur Airport
- BEFESA, Tecpro Systems Ltd, Jyoti Ltd, MR Vision Pipeline, Yashika Enterprises, Abhav Ocean WJ construction in areas including water systems, material handling, submarine/onshore/offshore pipelines etc.
- International Infrastructure Consultants (IIC) for Management, strategy, structure and Processes with the intention of strengthen MARG's EPC competence and position it strongly against the other market players
MARG has successfully completed projects in ports, power, roads, IT Park, commercial and residential projects.
MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure, real estate development and services company. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of 'Permitted Security'. The holistic regional development undertaken by the group is unlocking economic prosperity and creating inclusive & sustainable growth models.
For further information contact:
|Usri Sen / K. Ravishankar
M: +91 99402 41521 / +91 93828 87608