Press Releases

MARG BAGS THREE OF CONSTRUCTION INDUSTRY'S BIGGEST AWARDS

Chennai, September 12, 2012: MARG Ltd., one of India's leading infrastructure companies was a show-stealer at the Construction Week India Awards concluded recently in Mumbai , as it took home two prestigious trophies. MARG emerged as the winner in the Corporate Social Responsibility category for its impactful CSR activities and The 'Excellence in Corporate Social Responsibility' Awards is in recognition of MARG's work amongst neighbourhood communities creating a meaningful, sustainable and scalable impact. The runner-up trophy in the category 'Infrastructure Company of the Year' is in recognition of MARG's operational excellence, commercial success and continuous improvement.

MARG performance in both the business & social sector amidst a tough competition & a stringent selection process grabbed the attention of the grand jury comprising of eminent personalities from across the social and corporate spectrum.

The winners of Construction Week awards were selected post a rigorous due diligence by an independent panel of judges consisting of Ajay Dhir, Dr Mangesh Korgaonkar, Architect Shashi Prabhu and Kishore Aversekar from India's infrastructure community. The Jury has laid emphasis not only on fiscal size of the project but also aspects like environment, innovation, research and development, corporate social responsibility and sustainability.

One more laurel for MARG came from the Construction World Annual study, where MARG emerged as the 'Second Fastest Growing Construction Company (Medium Category). Treated as the Oscar of Construction Industry, the prestigious award for MARG was announced at the 10th Annual Construction World Global Awards 2012 held on 12th September, Wednesday in New Delhi. It is the most prestigious set of awards which recognizes and facilitates the achievers in the Construction and Allied Industry.

Construction World is the one of the few organisations that conducts the process of ranking and awarding industry participants since the past ten years, thereby fulfilling its mission to raise the standards of excellence in the industry. The Construction World awards rank and award contracting companies, building material manufacturers and equipment companies. The award selection at Construction World awards is a prestigious accomplishment as the mathematical model drawn up covers financial figures of companies in this industry, for the past six years.

The winners that emerge through this mathematical model are then vetted by a panel of industry experts. The expert panel this year comprised of Anuj Puri, Chairman & Country Head, JLLM, Daksesh Parikh, Executive Editor, Business India, JD Stuart Macaskie, CEO, Maxwell & Stuart Project Management, Manikkan Sangameswaran, President-Infrastructure, ICICI Venture Funds Management, Mukund Sapre , Executive Director, IIFCL, Rakesh Sharma, MD, Tishman Speyer India, Sanjay Palve, MD-Corporate Finance, Yes Bank and Sunil Damania, Former Managing Editor, Dalal Street Journal.

On receiving the Awards, Atul Raja, Group VP & Head – Corporate Communications said that "We are delighted to have received these awards. For us, a series of these prestigious award is an acknowledgement of our continuous endeavor towards excellence in operations and reflects our concerted efforts towards achieving high standards of productivity while making a difference in the lives of the communities around us at the same time."

While commenting on MARG's feat at the prestigious industry forums, GRK Reddy, Chairman and Managing Director, MARG Group said that "The three biggest awards in construction sector within a weeks' time to MARG is the reaffirmation of our commitment to the group's philosophy of Inclusive growth. Substantiating this, the innovative business models, managerial practices & systems & superior technologies that we follow at MARG have helped us create value and operational systems that will stand us in good stead for times to come".

About MARG:

MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure major with presence across the value chain. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of 'Permitted Security'.

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. Listed by Dun & Bradstreet among "India's Top 500 Companies 2011", today MARG Group has projects worth more than Rs. 3250 crores under execution, a seasoned human capital of more than 1100, global partners in the Infra space and offices spread across India, Singapore and China.

For more information, visit www.marggroup.com