3rd in a row CSR award for MARG
Bags the CSR award at 3rd CIDC Vishwakarma Awards
" Inclusive growth philosophy" gets all round appreciation
New Delhi, March 7, 2011: MARG Ltd., India's leading diversified infrastructure and Real Estate Company has become a name to reckon with in the realm of Corporate Social Responsibility. In a glitterati event in New Delhi, the company was awarded with the prestigious "CIDC Vishwakarma Awards 2011". This is the 3rd major award in CSR that the corporate has won within a short span.
The CIDC Vishwakarma Awards have been established by the Planning Commission (Govt. of India) and the construction industry to recognize and honor the valuable contribution of the Indian Construction Fraternity. The awards are meant to motivate individual and organizational contribution that has significantly enriched the construction domain and to promote the best replicable practices. The award was presented amidst an august gathering of corporates & bureaucrats by Prof. Saugata Ray, Hon'ble Minister of State, Ministry of Urban Development, Government of India at India Habitat Centre, New Delhi, this evening.
MARG has been recognized for its consistent social impact endeavors, the earlier awards being South East India Cargo Awards 2010 and India Shining Star CSR Awards 2011 instituted by Wockhardt Foundation.
Expressing his happiness on this recognition, Mr. GRK Reddy, Chairman and Managing Director, MARG Ltd. said, "It is indeed a moment of pride for MARG. Being in the spectrum of infrastructure and real estate, our constant endeavor is to act as a catalyst and bring about a positive change in the the society at large. Our corporate and social goals are well integrated with each other to create a constructive and an optimistic change in the society."
While receiving the award on behalf of the MARG Group, Atul Raja, Group Vice President and Head Corporate Communications said, "CSR is a way of life at MARG. I feel proud that our CSR efforts are transforming the lives of thousands of villagers. While we undertake CSR across domains like environment and social awareness, the most visibile, positive and satisfying social impact has been on key parameters like education, health and community infrastructure development."
Some of the other recipients of the CIDC Vishwakarma Awards 2011 were Himalayan Environmental Studies and Conservation Organisation, Bharat Petroleum Corporation Limited, NHPC Ltd., NHPC Ld., Bharat Aluminium Company Ltd., Coca Cola India etc.
The initiative of "Transforming Neighborhoods" and focus on enriching the quality of life of the community at large has been a philosophy at MARG. While the organisation continues to grow, it is also driven by a need to be socially relevant in helping shape a confident, healthy, and responsible nation.
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.. 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 Education, Research & innovation. The Company's EPC division provides integrated turnkey solutions for Greenfield and Brownfield projects. 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 1100 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
For further information contact:
|Usri Sen / K. Ravishankar
M: +91 99402 41521 / +91 93828 87608