MARG continues on high growth path

Bags prestigious award at the 8th Construction World Annual Awards 2010

MARG Limited, India’s leading diversified infrastructure development company, has emerged as the ‘Second Fastest Growing Construction Company’ as per the Construction World Annual 2010 study. Mr. GRK Reddy, Chairman & Managing Director, MARG Group received the award at the hands of the Hon’ble Governor of Maharashtra, Mr. K. Sankaranarayanan at the 8th  Construction World Annual Awards 2010 amidst an august gathering of captains of the industry, bankers, bureaucrats and technocrats.

Speaking on the occasion, Mr. GRK Reddy said, “This recognition reaffirms our faith in the pioneering spirit that inspires us to create world-class infrastructure projects. I am also proud of our employees and associates who made it possible for us to win this award. Be it ports, airports, SEZs, IT Parks, malls or residential projects, we are striving to build better places to work and live. At MARG, we strongly believe that growth needs to be Inclusive and all our projects are aimed towards making this dream a reality. We want to be the catalyst of change in bringing about real estate and infrastructure democracy for the nation.”

Construction World is the only publication that has been conducting the process of ranking and awarding industry participants for the past seven years, thereby fulfilling its mission to raise the standards of excellence in the industry. Through the Construction World Annual Awards, contracting companies, building material manufacturers and equipment companies are ranked and awarded.

MARG's selection through a mathematical model drawn up by Construction World is a prestigious accomplishment. The winners that emerge from this mathematical model are then vetted by a panel of industry experts. The expert panel this year comprised of Mr. Pranay Vakil, Chairman, Knight Frank India Ltd., Mr. Ved Prakash Chaturvedi, MD & CEO, Tata Asset Management Ltd., Mr. M. K. Sinha, President and CEO, IDFC Project Equity Company Limited, Mr. D. R. Dogra, MD & CEO, Credit Analysis & Research, Mr. Sunil Damania, Managing Editor, Dalal Street Journal, Mr. Daksesh Parikh, Executive Editor, Business India and Mr. S. A. Reddi, Ex-Deputy Managing Director, Gammon India.

ABOUT MARG LIMITED
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’.

MARG’s businesses are organized under 4 distinct business verticals – Marine Infrastructure & Services, Urban & Industrial Infrastructure, EPC and Real Estate. MARG is strategically developing greenfield ports on the Eastern Coast of India. The Karaikal Port is currently operational with a capacity of 5.2 MMTPA (Million Metric Tonnes Per Annum) and phased expansion is underway to eventually scale up to 47 MMTPA. The Company has also been awarded a contract to develop a Minor Port cum Ship Repair Yard at Mugaiyur. In addition to marine infrastructure, MARG also offers related services such as dredging and logistics. MARG Swarnabhoomi, the Company's flagship project in Urban & Industrial Infrastructure, is being developed as an inclusive city based on the principles of New Urbanism, with unique offerings for Business, Living & Learning. The Company's EPC division provides integrated turnkey solutions for Greenfield and Brownfield projects pan-India serving clients such as L&T, BHEL, Indian Oil, HP among others. MARG's Residential Real Estate business, under the umbrella brand MARG ProperTies, offers homes across multiple segments with focus on affordable housing. Malls, IT Parks and Office Spaces constitute the Company's Commercial Real Estate business. MARG is also expanding its sectoral presence with Airport projects in Bellary and Bijapur and a Multi-Level Car Park (MLCP) in Chennai.

The Company, currently employing over 1000 people, is ISO 9001: 2008 certified for carrying out activities in planning and development of commercial, residential and turnkey projects. MARG Ltd. and/or its subsidiaries have offices in India, China and Singapore.

More information on MARG is available on http://www.marggroup.com