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MARG KARAIKAL PORT BAGS THE 'BEST PROJECT' AWARD AT THE PRESTIGIOUS 'D&B – AXIS BANK INFRA AWARDS 2012

  • Award bestowed by Dun & Bradstreet, the world's leading source of global business information
  • Honoured along with top performers of Indian Infra sectors

Karaikal, October 26, 2012: MARG Karaikal Port, a subsidiary of Chennai headquartered MARG Group, was selected as the 'Best project' under the category Port Development at the 'D&B – Axis Bank Infra Awards 2012.'

GRK Reddy, Chairman & Managing Director, MARG Group received the award from UPS Madan, IAS, Vice Chairman and Managing Director, Maharashtra Airport Development Company Limited in Mumbai at a glittering ceremony on 23rd October where top performers from the Indian Infra sector were honoured. The award to MARG Karaikal Port project is another feather in its cap and is in recognition of developing MARG Karaikal Port as a modern, hi-tech Port infrastructure within a record period of time with superior quality, modern technology & safety features, exemplary performance and social impact. MARG Karaikal Port is a premier, hi-tech, all weather port on the South East coast of India is notably the only all weather, deep water, multi-commodity port between Chennai port and Tuticorin port and is strategically located at the middle of this 680 km coastline.

Expressing happiness on receiving the award, GRK Reddy, Chairman & Managing Director, MARG Group said, "We are delighted to have won this award which acknowledges our expertise in handling large infra projects with some of the best cutting edge technology, intellectual strength and strategic tie-ups with international majors. This award to MARG Karaikal project will definitely be a great boost for our future efforts and will spur us towards greater heights. This is a recognition of our capability, particularly in handling projects under Public-Private Partnerships".

The Infra awards felicitate leading Infrastructure companies who have delivered exemplary performance. The winners for the prestigious recognition have been selected through a rigorous evaluation process based on pre-determined parameters involving independent jury.

The jury took note of project management milestones at MARG Karaikal port like construction and installation of Breakwater, Wharf, Berth, Yards, Warehouses, Railway Line & Sidings, mechanized cargo Handle Systems, Dredging and deep sea excavation, Land Mode & Marine Mode Construction, Harbour development for fishing and tourism, Logistics and other services that have gone a long way in building an enviable reputation for MARG Karaikal Port, now considered as one of India's finest private sector ports and the trade gateway to Central Tamil Nadu. The port has excelled in marine architecture by Master Planning, Engineering, Design, On and Off shore construction, Project Management and Value Engineering.

MARG Group has excelled in the Infra space, creating landmarks and assets for over two decades. In the process, MARG has laid utmost importance to country's infrastructure development in terms of social & economic growth and has focused on holistic region development. MARG Karaikal Port and its ever increasing hinterland is a case in point.

The occasion also marked the release of the fifth edition of its premier publication 'India's Leading Infrastructure Companies 2012' by Mr. UPS Madan, who graced the occasion as the Chief Guest, while Sidharth Rath, President & Head – Large Corporation development, Axis Bank & Saugata Bhattacharya, Chief Economist, Axis Bank delivered special address.

About D&B – AXIS BANK INFRA AWARD

Dun & Bradstreet (D&B), the world's leading provider of business information, knowledge and insight and Axis Bank, India's leader in Infrastructure Finance and the third largest private sector bank in India, jointly announce the second edition of 'D&B-Axis Bank Infra Awards 2012.' These awards were instituted to felicitate 18 leading infrastructure companies & projects that had delivered exemplary performance in the Indian Infra space .

About MARG Karaikal Port:

MARG Karaikal Port is a premier, deepwater, all weather port on the South East coast of India. The Port has a sizable hinterland because of its strategic location. Awarded on BOT basis by the Government of Puducherry in 2006, MARG Karaikal Port when fully developed is envisaged to have a total of 9 berths capable of handling up to 47 MMTPA. The Port is to be developed over 3 phases with the final phase getting operational by 2017.

MARG Karaikal Port's operational processes and practices are on par with the best in the industry and the Port has managed to bag ISO 9001, ISO 14001 and OHSAS 18001 certifications in a record time, demonstrating the maturity and quality of operational processes followed at the Port.

More information on MARG Karaikal Port is available on http://www.karaikalport.com