CORPORATES BET BIG ON MARG KARAIKAL PORT
~ MV DA FU carrying project cargo for Nagarjuna Oil Corporation berthed ~
Chennai, May 29, 2009: The Chennai based MARG Group promoted Karaikal Port, which received its first vessel, carrying the project cargo for the port on 15th April, 2009 has been active as an offshore base for vessels of Hindustan Oil Exploration Company Limited (HOEC), which calls on the port almost every alternate day.
The vessel M.V.DA FU carrying project cargo has berthed at Karaikal Port today. The cargo consignment from Germany is for Nagarjuna Oil Corporation. The project cargo consists of 17 pieces of multiple dimensions, with the heaviest piece weighing 245 tons. The cargo would be offloaded on to the port and later reloaded on the barges to be transported to Nagarjuna Oil Corporation project site near Cuddalore.
The port has lined up a number of vessels for the coming month for both export and import of cargo. The export cargo mainly consists of construction materials & cement and the import cargo consists of copra cake, project cargo, raw sugar, edible oil, coal, fertilizer and other agro products.
Karaikal Port is also getting a number of enquiries for shipment of containers which is currently being evaluated and is likely to commence shortly. The port would have a capacity to handle 21 Million Tonnes Per Annum in the second phase.
About MARG Limited:
MARG Ltd., formerly MARG Constructions Limited is among India's fastest growing diversified infrastructure development companies. Established in 1994, MARG Ltd. is listed on the Bombay Stock Exchange.
Headquartered in Chennai, MARG Limited is promoted by the first-generation entrepreneur Mr. G R K Reddy.
The company pioneered infrastructure development on the Chennai IT Corridor. The company's business roadmap encompasses 4 verticals – Marine Infrastructure, Industrial Clusters, Living Spaces and EPC Contracting, which has over 500 man years of technical experience in handling deep excavation works, high rise buildings, Power sub-stations, High power (above 132 KV) transmission lines, Marine Infrastructure, Industrial Clusters and Living Spaces.
Marine Infrastructure handles Ports & Logistics, Dredgers & Fishing Harbours; Industrial Clusters – for SEZs and Industrial Townships, Living Spaces / Real Estate - to develop commercial and residential spaces. Under the real estate vertical, MARG has already developed over 1 million sq ft of commercial space for clients like TCS, Scope International, among others.
The company's prestigious projects include Karaikal Port, MARG Swarnabhoomi, Riverside Mall, Destination Mall, Tapovan, Pushpadruma, and Hotels & Convention Centres. Also, MARG Communities Alive Council (CAC) implements the company's vision for inclusive living and focuses on sustainable community development programmes.
The company's esteemed clientele include market leaders such as Scope International (Standard Chartered Bank), TATA Consultancy Services, BHEL, Enercon India, Slash Support Systems and Hindustan Oil Exploration (HOEC).
More information is available at www.marggroup.com