Press Releases

MARG bags two prestigious awards from "Construction Week"

~Infrastructure Person of the Year award to GRK Reddy, CMD, MARG Group ~

~Seaport project of the year for the excellence in Port sector to MARG Karaikal Port~

~ Middle East's most reputed 'Construction Week Awards 2011' debuts in India ~

Chennai, September 2, 2011: MARG Limited, India's leading diversified infrastructure development company left an indelible mark in the Construction Week Awards 2011 held at Hotel Taj, Mumbai by bagging two prestigious awards of "Infrastructure Person of the Year" and "Seaport project of the Year". Construction Week India Awards recognise outstanding achievements spanning infrastructure development as well as real estate. The annual event serves as a grand platform for the industry to come together and celebrate accomplishments.

While GRK Reddy, Chairman and Managing Director, MARG Group won the"Infrastructure person of the year" award for 'innovation in infrastructure' through holistic, inclusive and sustainable regional development, MARG Karaikal port was recognised as the "Seaport project of the year" for excellence in port operations.

Speaking on the occasion, GRK Reddy, Chairman and Managing Director, MARG Group said, "I feel humbled and honoured to receive the prestigious awards from Construction Week. Over the past 20 years, MARG Group has a built a reputation of reliability and quality in the infrastructure space across the country. The award reaffirms our faith in the pioneering spirit to visioneer a New India and to foster a new face of Indian infrastructure that is localized and customized to demographics and socio-economic factors. Despite a challenging and competitive market place, we have remained committed to create inclusive and sustainable infrastructure projects that benefit the society as a whole. I would like to take this opportunity to congratulate my team whose special efforts and vision made this possible."

MARG Karaikal Port, a premier, hi-tech, all weather port on the South East coast of India is notably 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 MARG Karaikal Port. Higher discharge rates, no pre-berthing delays, faster turnaround times and savings in the integrated logistics costs vis-à-vis competing ports has helped Karaikal Port in attracting almost all major customers in the Central Tamil Nadu / Puducherry region.

Commenting on the recognition, M.L.N. Acharyulu, Executive Director- Marine Infrastructure at MARG, said "MARG Karaikal Port is fast emerging as a catalyst for the industrial development and is ushering in regional prosperity. The port operations are marked by high level of efficiency and it has been our endeavour to pass on the resultant economies of scale to our valued customers who today represent a diverse cargo mix. "

The winners of Construction Week Awards 2011 have been selected post a rigorous due diligence by an eminent jury consisting of stalwarts like architect Karan Grover; Brotin Banerjee, MD & CEO, Tata Housing; Ajay Kumar Dhir, ED & CIO, Lanco Infratech; Sachin Sandhir, MD & Country Head, RICS India; S Paramasivan, ED, Afcons Infrastructure; Mangesh Koregaonker, Director General, NICMAR; Raj Kalady, MD, Project Management Institute, Parvesh Minocha, MD, Transport Division, Feedback Infra Services and Jai Mavani, ED, PwC India.

About Construction Week:

Construction Week is part of the Dubai headquartered ITP Publishing Group that has 80 publications in its portfolio. It is one of the leading business publications covering all aspects of the construction industry in the subcontinent. The prestigious Construction Week awards have been recognizing excellence in construction industry, in the Middle East, for the past 8 years and made its debut this year in India to honor individuals, projects and companies that have contributed to Nation building. The theme for the inaugural awards ceremony was 'Celebrating Excellence in Nation Building' with the aim of recognising and honouring the achievements of the Indian construction industry.

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 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.

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. 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.More information on MARG is available on http://www.marggroup.com

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