MARG BAGS ORDER WORTH Rs 237.58 CRORES FROM BHAVNAGAR ENERGY COMPANY LIMITED, GUJARAT
~Marks entry into Gujarat's infrastructure space ~
~ Yet another prestigious addition to its impressive list of EPC clients~
~To commence work soon at Padva, Bhavnagar
~To execute challenging order in a short span of 24 months~
Gujarat, July 25 , 2011: Chennai headquartered, MARG Limited (BSE: 530543), one of the India's leading diversified infrastructure organizations, has won an EPC Work order valued at Rs 237.58 Crore from Bhavnagar Energy Company Limited (BECL) in Gujarat. The work order includes a Sea Water Intake, Outfall and Circulating Water System for the 2 X 250 MW Lignite Based Thermal Power Plant at Padva, Bhavnagar, Gujarat.
The scope of work includes the challenging work of laying Submarine Pipeline of 5 KM in the roughest sea of Gulf of Cambay, Critical Marine and Civil Structures, Pumping Stations, Pipelines, Substations and Transmission Lines. The time frame for completion of the project is 24 months
Bhavnagar Energy Company Limited (BECL) is promoted by state PSUs viz. Gujarat Power Corporation Limited (GPCL), Gujarat State Investments Limited (GSIL), Gujarat Mineral Development Corporation Limited (GMDC), Gujarat Industries Power Company Limited (GIPCL), Gujarat Alkalies and Chemicals Limited (GACL), Gujarat Narmada Valley Fertilizers Company Limited (GNFC) and Gujarat State Fertilizers & Chemicals Limited (GSFC).
Speaking on the occasion, GRK Reddy, Chairman and Managing Director, MARG Group said, "We are glad to have bagged this prestigious order from BECL. We are consolidating our presence in the EPC sector through strategic International alliances .Our pursuit of 'technological innovation' to deliver world class infrastructure is being partnered by knowledge initiatives of our collaborators. MARG's domain expertise in port, marine infrastructure, industrial EPC and other infrastructure projects will add value for the successful completion and on-time delivery of this project."
MARG's EPC division provides integrated turnkey solutions and its range of services include integrated design, engineering, material procurement, field services and construction & project management services for infrastructure sector and real estate projects. Already MARG Limited has a sizable National presence and is undertaking orders across India and across private and public sector.
Some of its large external customers include Government of Pudhucherry, Alstom, Asian Wind Turbines, Petronet, Assotech Ltd, BHEL, Daslagerway Wind Turbines Ltd, Larsen & Tubro, Enercon India (P) Ltd., Indian Railways, Indian Oil Corporation, Military Engineering Services, Hindustan Petro Chemical Ltd, Housing and Urban Development Corporation, Lucknow Development Authority and National Buildings Construction Corporation
MARG EPC also has the enviable reputation of building MARG Karaikal port (now considered as one of India's finest private sector ports) and MARG Swarnabhoomi (a unique smart eco-system based land of new thinking and a city that follows the principle of Education, Research and innovation).
MARG has successfully completed projects in ports, power, roads, IT Park, commercial and residential projects.
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'. The holistic regional development undertaken by the group is unlocking economic prosperity and creating inclusive & sustainable growth models.
Listed by Dun & Bradstreet among "India's Top 500 Companies 2010", MARG Group has projects worth more than Rs. 5000 crores under execution, global partners in the Infra space and offices spread across India, Singapore and China. MARG's businesses are organized under 4 distinct business verticals – Marine Infrastructure & Services, Urban & Industrial Infrastructure, EPC and Real Estate.
Marine Infrastructure & Services: (MARG Karaikal Port): MARG Karaikal Port is a premier, hi-tech, all weather port on the South East coast of India. Karaikal Port has a sizable primary hinterland because of its strategic location. It is 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.
Capacity to handle large vessels and diverse cargo, single window clearance, E2E logistics, state-of-the-art equipment, competitive tariffs and an ideal location are hallmarks of the MARG Karaikal Port. The port has an operational rail link and good road connectivity that enables it to cater to a diverse base of clients across Tamil Nadu and neighbouring states
With over two decades of reassuring presence and the credit of pioneering the development of economic growth centers, MARG's portfolio spans across the entire infrastructure value chain - urban and industrial infrastructure, urban residential clusters, marine infrastructure & services, malls and EPC division. The Group is expanding its sectoral presence with airport projects in Bellary and Bijapur and Multi-level car park projects. More information on MARG is available on http://www.marggroup.com
For further information contact:
|Mr. Sakthi Prasanna/Ms. Usri Sen
M: : 98842 77251 / 99402 41521