MARG Limited, one of India’s fastest growing diversified Infrastructure Development Company registered an impressive total income of Rs. 68.15 crores for the third quarter ended on 31st December 2007, an increase by over 52 % compared to the similar period last fiscal. The total income for the nine months period ended 31st December 2007 stood at Rs. 161.58 crores as against the total income of Rs.100.17 crores for the nine months ended 31st December 2006. The net profit after tax was Rs. 13.32 crores, for the third quarter of 2007-08, as against Rs. 11.40 crores for the third quarter of 2006–07, an increase of 16.84%. The net profit after tax for the nine months period ended 31st December 2007 was Rs. 28.01 crores as against Rs. 24.43 crores for the nine months ended 31st December 2006.

The company has recently changed its name from “MARG Constructions Ltd” to “MARG Limited”. Ongoing projects of Marg include development of an all weather, deep- water lagoon type Sea Port in Karaikal which will unleash the potential of the hinterland and will cater to the industrial belt of central Tamil Nadu. The company’s Special Purpose Vehicle (SPV) recently received approval for establishment of two SEZs in Tamil Nadu on 612 acres of land. The two proposed SEZs are located at Seekinakuppam, midway between Chennai and Pondicherry and 45 kms from Siruseri near Chennai. Out of the two SEZs, one will be for light engineering including auto ancillary business segments and the other will cater to the multi services sector.

Another notable project of MARG is the recently announced ‘Tapovan”, comprising of thematic luxury villas. Positioned as the Silent Garden with 90 villas spread over an area of 77 acres, Tapovan is located at Pavanjur on the East Coast Road near Chennai. Forthcoming projects include the Riverside Mall & Serviced apartments on the IT Corridor in Chennai and townships in Tamil Nadu.

As a socially responsible organization, MARG has also partnered with CII to launch the Grassroots Level Skill Development Initiative. This initiative would provide pre-employment skills and technical training to 5000 unskilled workforce in Tamil Nadu by end of 2008.

MARG, in association with the Great Lakes Institute of Management has also recently launched the ‘Centre of Excellence for Infrastructure’ with an investment of Rs.3 crores and will support India in the planning of various infrastructure programs.

Sourced From: Hanmer & Partners Communications Pvt. Ltd

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