MARG GROUP SHINES AT PRESTIGIOUS CSR AWARD CEREMONY
~Wins the India Shining Star CSR Award In the Infrastructure Sector~
Mumbai, February 19, 2011: MARG Limited, India's leading diversified infrastructure development company was today announced as the proud recipient of the "India Shining Star CSR Award in the Infrastructure Sector" award. The award has been instituted by the Wockhardt Foundation to recognize outstanding contribution made by the Corporates towards Corporate Social Responsibility.
The award was presented to MARG Group for exceptional work done in the field of CSR, amidst an august gathering at Hotel Taj Mahal Palace, Mumbai. Shri Salman Khurshid, Honorable Union Cabinet Minister for Water Resources, and for Minority Affairs, personally felicitated the award winners.
These awards were a part of the day long deliberation, discussion & debate at the "CSR Thought Leadership Conclave" with India's best brains on social issues & CSR and the role of corporate India. The conclave was inaugurated at the hands of Nobel Laureate Prof. Muhammad Yunus. His Holiness, the Dalai Lama was the inaugural Address Speaker.
On getting this prestigious award, Mr. GRK Reddy, Chairman & Managing Director, MARG Group said, "I feel greatly humbled and honoured at this gesture. I would like to take this opportunity to congratulate my team whose great effort and vision made this possible. I would also like to thank the team for their enthusiasm and willingness to make a difference and enrich the quality lives of the community at large."
He further added, "At MARG, we have developed our CSR initiatives as a business model, well integrated with our business operations. This model aims to bring about a synergy between our business operations and our commitment to the society thereby creating an ecological and an economical balance. We call this 'Inclusive Living' – simply including everyone in the process of creating and sharing progress. Our commitment is for a complete social transformation of thousands of people in rural areas with sustained and diligent focus."
The initiative of "Transforming Neighborhoods" and focus on enriching the quality of life of the community at large has been a way of life 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.
MARG's commitment for a complete SOCIAL TRANSFORMATION of thousands of people in rural areas with sustained and diligent intervention on 14 hamlets (10 hamlets at Lathur block of Kancheepuram district and 4 hamlets at T.R Pattinam commune of Karaikal region) is especially noteworthy.
The India Shining Star CSR Award to MARG Group through an evaluation process that was extremely stringent and exhaustive and with a jury comprising of veterans and highly decorated individuals from diverse fields is an ample testimony of the exception CSR work being undertaken by the MARG Group.
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