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MARG KARAIKAL PORT BAGS 'INNOVATIVE PORT OF THE YEAR' AWARD

  • Award bestowed by South East CEO Conclave & Awards 2012
  • Honoured along with top performers of Indian logistics and shipping sectors
  • Comes close on heels of the "Best Community Program" award at the Responsible Business Summit held at Mumbai for the "Knowledge Connectivity for Rural Empowerment", a collaborative project between MARG Karaikal Port & MSSRF

Karaikal, August 3, 2012: MARG Karaikal Port, a subsidiary of Chennai headquartered MARG Group, one of India's fastest growing infrastructure companies, was recently awarded as the "Innovative Port of the Year" at the 4th South East CEO Conclave 2012 held recently. The award was presented to MARG Karaikal Port for its relentless, continuous innovation in port development & operations at a glitter ceremony where top performers from the Indian logistics and shipping sector were honoured.

The 'Innovative Port of the Year" is another feather in the cap for MARG Karaikal Port which has won several awards since its operation in 2009. The company has always delivered services at high efficiency and productivity levels which result in quicker vessel turnarounds and help clients save on various cost elements including vessel chartering costs.

GRK Reddy Chairman and Managing Director, MARG Group said "This is a prestigious moment for MARG Karaikal Port. At MARG, we understand the significance of innovation in every sphere of life and do our best to incorporate it in our work. I thank EXIM INDIA – Shipping Times for recognising our effort and bestowing us with this honour."

MARG Karaikal Port has recorded increased cargo traffic of 26.5% in 2011-12 when the growth rate of Cargo traffic at major port declined by 1.73% and minor port increased by 17.53 %. Our performance has attracted Private Equity Investment of Rs.200 Cr and generated revenue of Rs.220 Cr. MARG Karaikal Port's efficient operations backed by strong logistics support provide further value-addition to customers by helping them to boost their own operational productivity levels.

Commenting on the award MLN Acharyulu, Executive Director – Marine Infrastructure, MARG Group said "This is truly an honour for our entire team at MARG Karaikal Port. Innovation has been an integral part of MARG's DNA. As an organisation we will strive to constantly improve and innovate to offer best of services to our clients. It is heartening to see that our efforts have been recognized and appreciated"

MARG Karaikal Port has shown its versatility by handling different types of cargo like coal, fertilizer, cement, raw sugar, project cargo, gypsum, containers, steel pipes, scrap, bagged sugar, construction material etc. The Port's cargo handling capacity and capabilities increased significantly during the past 12 months as 2 new deep draft berths were operationalized, taking the total number of berths available at the Port to 5 at present. The Port has deployed dedicated infrastructure to handle containers and liquid cargo and expanded the existing facilities catering to dry bulk cargo.

Commenting on the award, Captain K.N. Ramesh, Chief Operating Officer, MARG Karaikal Port said "The award reaffirms the best practices of MARG Karaikal Port and its innovative business model. Despite the challenging business environment, MARG Karaikal Port posted an impressive performance and it has consolidated its position as the new Maritime Gateway to Central Tamil Nadu."

MARG Karaikal Port recently bagged the 'Responsible Business Award' for the Best Community Program at the Responsible Business Summit held in Mumbai. The company received the award for its significant contribution to society through the "Knowledge Connectivity for Rural Empowerment" project in Karaikal and Nagappatinam regions. The program is part of the various social initiatives that MARG executes under its CSR banner, MARG Parivarthan.

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