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MARG INDUSTRIAL EPC FORAYS INTO FABRICATION OF RAILWAY WAGON BUSINESS
BAGS ORDER FROM BRAITHWAITE & CO. LTD

~Fabrication & Assembly of 247 Nos. BTFLN Wagons~

~To complete the project in 7 months~

~ BTFLN kind of wagon will be manufactured for the 1st time in India~

Chennai, September 12, 2011: Chennai headquartered, MARG Limited (BSE: 530543), one of the India's leading diversified infrastructure development companies, is foraying into the fabrication of wagon with a new order win from Braithwaite & Co. Ltd (BCL). MARG EPC's Industrial Project division has bagged the order worth Rs 37.66 Crore from Braithwaite & Co. Ltd which includes fabrication and assembly of 247 Nos of BTFLN wagon in the workshop of BCL including supply of components and consumables except raw steel.

The scope of work includes total fabrication, assembly, fitment of components, painting & finishing etc. of 247 BTFLN (FF) wagon including supply of components & consumables except raw steel, wheel set (without bearings) & dished ends for Braithwaite & Co. Ltd (BCL). This will include all types of preparation of total fabrication, drilling, fitting, riveting, huck-bolting, welding, grinding, chipping, cleaning, finishing, handling, wheeling etc., testing of dye-penetration test of welding joints, air brake test of wagon, pneumatic testing, hydraulic testing, shot blasting, painting & lettering of the wagon etc. The total timeframe for completion of this project of fabricating 247 wagons will be approximately seven months (40 wagons per month as specified by BCL) subject to timely availability of the raw steel, wheel set & dished ends (which are to be provided by Braithwaite).

Speaking on the occasion, GRK Reddy, Chairman and Managing Director, MARG Limited said, "We are glad to have bagged this prestigious order from Braithwaite & Co Ltd. and this prestigious order marks our foray into the business of fabrication of railway wagons. With technological innovation as a focus, MARG's EPC division brings in the best of technology and knowledge partners brings together in this project. . Our technical edge and mechanical expertise reinforced by International technological partnerships will add value for the successful completion and on-time delivery of this project. A new team inducted in MARG with technical expertise in wagon fabrication will execute the project as scheduled."

BTFLN wagon is a new and improved frameless Bogie Tanker Wagon used primarily for liquid petroleum products (petrol, naphtha, kerosene, diesel, furnace oil, etc.), and also for vegetable oil and other liquid cargo. This wagon is an improvement over BTPN wagon. The Bogie Pol Tank Wagon Type BTFLN was first developed by "RITES" in collaboration with "AZOVMASH" of Ukraine. Wagons are fitted with CASNUB Bogies, Couplers, Air Brake System and other Components. Spare infrastructure facility along with electricity required for undertaking this work is provided by BCL in its Victoria Works, Kolkata..

Braithwaite & Co. Ltd is one of the largest Wagon manufacturers in India with three manufacturing units having been accredited with ISO 9001: 2000 quality standards for wagons, cranes, foundry products and heavy structural. The company was registered and incorporated on 1st December 1976 as a fully owned Govt. of India Undertaking. The company today has three units - Clive Works, Victoria Works both in Kolkata and Angus Works (in Hooghly District), West Bengal. Currently the administrative control of the company has been taken over by the Ministry of Railways. Various works facility of BCL is very well equipped with all requirements for manufacture of Cranes, Foundry products, Machinery Components, Pressure Vessels, Railway Wagons and Heavy Structures for Bridges and other engineering applications.

MARG's EPC Industrial Project division provides integrated turnkey solutions and its range of services include structural, mechanical, electrical, instrumentation and commissioning. It also provided services which 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 executing orders across India for private and public sectors.

Some of its large external customers include Government of Pudhucherry, Alstom, Assotech Ltd, BHEL, Daslagerway Wind Turbines Ltd, Larsen & Tubro, Indian Railways, Indian Oil Corporation, Military Engineering Services, Hindustan Petro Chemical Ltd, Housing and Urban Development Corporation, Bhavnagar Energy Company Limited, Petronet LNG, 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, Innovation and Industry and a commercial complex comprising of a luxurious Mall, Hotel and Multiplexes in OMR, Chennai.).

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.

About MARG:

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 BSE and MSE 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.

With nearly 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 on expansion mode in various sectors such as airport projects in Bellary & Bijapur and Multi-level car park projects, fishing harbor at Mahe etc,. Listed by Dun & Bradstreet among "India's Top 500 Companies 2010", today MARG Group has projects worth more than Rs. 5000 crores under execution, a seasoned human capital of more than 1000, global partners in the Infra space and offices spread across India, Singapore and China. The MARG CSR brand – MARG Parivarthan complements these business verticals.

For further information contact:

Usri Sen / K. Ravishankar
Hanmer MS&L
M: +91 99402 41521 / +91 93828 87608