In 2009 – 2010, MARG registered a 61 percent increase in net sales which stood at Rs. 7.45bn as compared to Rs. 4.62bn in 2008 -2009.
MARG StandaloneFinancials: Rs. in crores
Income from Operation
MARG Ltd., India’s leading diversified infrastructure development company, today announced its audited financial results for the quarter ended September 30, 2010.
Commenting on the company’s performance in the quarter ended September 30, 2010, GRK Reddy, Chairman & Managing Director, MARG Limited said, “Our results for the second quarter of 2010 – 2011 are very encouraging. The income has increased by a healthy 32 percent. We earlier invested extensively in land banks and with our projects now taking shape, we are expecting good returns in this fiscal. Our unique business model enables us to offer enhanced value addition in all our business verticals. Identifying opportunities ahead of time has always helped MARG to build realty and infrastructure solutions, which fuel the progress of the nation. This Spirit of Visioneering has inspired us at MARG to venture into infrastructure development of ports, airports, malls, SEZs, IT Parks, townships, residential and commercial projects. Our vision is to continue to improve on our position as the country’s fastest growing diversified infrastructure development company.”
In 2009 – 2010, MARG registered a 61 percent increase in net sales which stood at Rs. 7.45bn as compared to Rs. 4.62bn in 2008 -2009. The net profit for the year ended March 31, 2010 stood at Rs. 80.37-cr, a 96.5 percent increase from Rs. 40.9-cr for the year ended March 31, 2009.
PERFORMANCE OF BUSINESS UNITS
MARG Karaikal Port has proved its capabilities as an efficient multi-cargo handling port and would become one of the finest ports on the East Coast of India. The Port is in the regional development of the industrially backward region of Karaikal which has witnessed considerable growth and prosperity since the Port commenced its operations.
The Port handled 1.34 million MT of various cargoes during Q2 of the current financial year – a growth rate of over 15% vis-à-vis Q1 traffic of 1.17 million metric tonnes. The Port dispatched 220 rakes of coal (80%) and fertilizer cargo (20%) by rail in Q2 – a growth of over 90% vis-à-vis the last quarter.
Coal continued to dominate the cargo portfolio but the major highlight of the quarter was the increase in the share of fertilizer cargo. With Karaikal port having received the notification from the government for handling Urea, the fertilizer cargo traffic is expected to grow significantly. Karaikal port has achieved necessary drafts to receive Panamax vessels and has successfully handled several panamax vessels.
During the current financial year Karaikal Port entered into a MoU with power majors to set up a new power plant for handling 7.5 MTPA of coal through the Port. The Port also signed a MoU with a leading coal trading company to set up a 1.5 MTPA coal blending unit at the Port.
The Port augmented its infrastructure facility by adding a 3rd Mobile Harbor Crane. Karaikal Port also commissioned Berth No. 9, a multi-cargo berth for smaller vessels (up to 25000 MT).
Phase 2 development is at progress. Over 50,000 sq. meters of covered warehouses for storage of fertilizer, cement, sugar, project cargo & other cargo is operational and more storage area is being added in line with market requirements.
Higher discharge rates, no pre-berthing delays, faster turnaround times and savings in the integrated logistics costs vis-à-vis the competing ports has helped Karaikal Port in attracting almost all major customers in the Central Tamil Nadu / Pondicherry region.
The company has obtained the ISO 9001: 2008 Quality Certifications and the renewal of investible Credit rating from CARE.
In recognition of CSR activities, Mr. G R K Reddy, Chairman & Managing Director, was honored with the ‘Corporate Social Responsibility Award’ at South East CEO Conclave & Awards 2010.
Work commenced for Phase 2A expansion – contractors for 2 new berths identified; mechanization order worth ~Rs. 280 crores placed
Second tranche of CCP of Rs. 40 crores received from IDFC (Total Received till date – Rs. 110 crores)
With a stream of investments expected from various port based industries, Karaikal is poised to become an industrial hub in the near future, which will have spun of benefits to the port.
Karaikal Port Private Ltd(Rs. in crores)
Income from Operation
Industrial & Urban Infrastructure
Two Units – M/s. Vanspall & M/s. Grundfos have commenced their operations in H1. The first half of 2010 has seen the start of construction for M/s. Virgo & M/s. Polyhose set on land parcel of 10 & 11.5 Acres respectively. Signed a MOU with BPPL, a subsidiary of Vemspa, Italy, for manufacture of Engineering Products.
Multi Services SEZ:
MOU Signed with M/s. Exemplarr Worldwide for 56,000 sq ft and DC approval obtained to start operations by them in Q3 of 2010. Build up pipeline for high potential client such as Color Amalgamation – 20,000 sq ft and Fairmacs – 5000 sq ft
Swarnabhoomi Academy of Music:
Swarnabhoomi Academy of Music campus was inaugurated in September 2010; Six months’ long courses have commenced and a new short, instrument focused program has also been added.
Indian Green Building Council (IGBC) Pilot Project
MARG Swarnabhoomi has been shortlisted by IGBC as a pilot project for “Platinum” rated city in India
· New Sign up with Strand Genomics concluded for 40,000 sq ft, and a healthy pipeline of prospects being developed. Science Park Phase 1 construction activity, comprising an area of 175,000 sq ft wet labs, was initiated in the august presence of Dr. Rajendra Pachouri, Director General of TERI, in September, 2010.
· Social infrastructure readied with Convenio Store, Laundry and ironing, fruits and vegetable vendor, newspaper, ATM and milk vendors etc. are all at progress in MARG Swarnaboomi. NCTPL (MARGSwarnabhoomi) (Rs.in crores)
Income from Operation*
Steady order book Rs. 2822 crores (external orders of Rs. 636 crores) at end of Q2 (Q1 – 2800 crores)
In Northern region the EPC division is executing orders for Rs. 367 crores for majors like MES, NBCC, LDA, BHEL, IOCL, HPCL, HUDA, HSC, and Northern Railways. It will be executing two prestigious projects for UPHDB, LDA for Rs. 200 crores with latest technology of Aluminum Shutters and casting the Building in a Single-go.MARG EPC has been prequalified/listed with NBCC for executing orders to the tune of Rs. 100 crores to Rs. 200 crores.
It has entered into a joint venture agreement with M/s Valecha Engineering & M/s SREI Infrastructures Limited for quoting National High ways projects to the tune of Rs. 3600 Crores.
It has tied up with International Infrastructure Consultants (IIC) for Management, strategy, structure and Processes within EPC division in Oct, 2010. The IIC is intended to strengthen MARG’s EPC competence and position it strongly against the competitors.
Signed MOU with PYCSA INFRAESTRUCTURAS, SL of Spain for taking up works in infrastructures works like Roads, Bridges, Highways, Flyovers and hydraulic resources & water quality.
Continued strengthening of human capital resulting in 26% increase in workforce vs. Q1 (number of employees in standalone entity at 643 at Q2 end as against 509 in Q1 end)
Real Estate (Residential)
MARG ProperTies Private Limited, an outfit of MARG is poised to become a leader in residential vertical by offering homes in different segments viz. Affordable homes, Urban smart homes, Integrated town ships and Ultra luxury homes.
It has sold residential space of around 2 million square feet as on 30th Sep 2010 and has drawn plans to sell around 7.5 million square feet of space in next 36 months.
In terms of units, it has so far sold 2000 homes till 30th Sep 2010 and has plans to sell another 10000 homes in next 36 months. The projects like Pushpadruma, Vishwashakthi, Tapovan, Lakshna, Savithanjali, Navaratna, Utsav are doing extremely well in terms of sales and revenue.
This company has soft launched Sky meadows, Maha Utsav and drawn plans to launch new projects viz. Brindavan, Globa Residentia in Q3 of this year. Another 3 projects near OMR are planned to be launched before the year end.
In an overall demand of 24.71 mn homes across the country, Tamilnadu accounts for 2.82 mn homes. However CMDA estimates shows that there is a projected demand for 4 lac homes in Chennai, out of which 80% is in affordable category – be it Brindavan, Utsav & Maha Utsav (4000 affordable smart homes) for middle class, Integrated townships in Tier 2 cities like Vishwashakti at Tirupati (500 value homes for high & middle class), Sky Meadows & Savitanjali (1000 Urban smart homes) catering to urban class, Tapovan (exclusive 124 villa homes) for elite classs. By offering value homes for all segments, MARG ProperTies is well poised to garner huge market share across products range (from Rs. 10 lacs to Rs. 100 lacs) by leveraging its scale and size coupled with strong people, process and use of innovative technologies.
MARG ProperTies, the brand assures right product with right value to different class of customers, delivering value with technology and innovations, besides ensuring long term capital appreciation for the customers. The brand establishes measure & pay, upgrade, zero defect space and reaffirms its trust and commitment to its customers. Launching unique retail brand shop at Pondicherry and Chennai, strategizes in creating brand building and seamless communication to deliver the customers, their requirements through customers meet called CONNEXIONS.
Real Estate (Commercial)
MARG Junction which is into Malls, multiplex, hotel and commercial complexes signed up over 212,000 square feet of Anchor space for lease with PVR Cinemas – Multiplex (7 Screen, 1700 seats multiplex by PVR with Latest Technology), Shoppers Stop and Hyper City – Hyper Market .
The Mall will house Chennai’s largest atrium space – over 26,000 sq ft.
EOIs from mini-anchors in all important categories like Books ‘n music – Odyssey, Reliance Time-out ,Fashion mini-departmental – Marks & Spencers, Max value Electronics – Vivek & Co., E-zone, Reliance Digital ,Gaming/Family Entertainment – Blu-O, Fun City and retail brands like Adidas, Reebok, Wrangler, Lee, Levi’s, Louis Philippe, Van Heusen, Allen Solly, Bata, Lilliput, Lacoste, DLF Brands will add further edge to the Mall.
Project funding to the tune of Rs. 217 crores is complete. The Mall is expected to go into fully operational by April/May 2012.
In line with our commitment towards inclusive development, MARG has bid for 2 PURA (Provision for Urban Amenities in Rural Areas) pilot projects. This is a landmark initiative of Ministry of Rural Development aiming to provide urban amenities and skill development in rural areas as PPP scheme.
MARG Limited today signed a Memorandum of Understanding with PYCSA Infraestructuras S.L., a Spain-based company. It is engaged in the business of engineering consulting, construction & management in desalination, water supply, water treatment, waste-water treatment, hydraulic resource and water quality, transport infrastructures, dam, canal, storm water drainage, low cost housing Prefab design and production, indoor and outdoor sports facilities and environment engineering sectors.
The MoU was signed in the presence of Camilo Fernandez Iglesias, managing director, PYCSA Infraestructuras S.L. and GRK Reddy, chairman & managing director, MARG group. The partners will also venture into special purpose vehicle (SPV) to bid for projects.
Reddy said that in order for MARG to fully capitalise on the opportunities in infrastructure sector in the near and mid-term, the company was looking for strategic partnerships. The parnership with PYSCA was part of this strategy. “Their expertise in various infrastructure verticals is already proven,” he said.
With this, MARG and PYSCA will bid as a consortium for public and private projects in water management; transport infrastructure, environment engineering and related sectors, first in India and later in other mutually agreed upon geographical areas, Reddy said in a release.
MARG would also invite PYCSA for providing technical consultancy for its own projects in the water management domain.
“On successful award of contract in a project, both MARG and PYCSA will incorporate an SPV, wherein equity participation of each party will be subject to the relevant bid / tender document. While MARG would provide business development, administrative, supervisory and financial support to the project, PYCSA would provide technical know-how, technology inputs, relevant contacts and experts,” the press release added.
Department of Geography, University of Madras, oikos CHENNAI CHAPTER – Students for sustainable economics and management with support from UN-HABITAT, SUSTAIN, IFMR-CDF, MARG Group, CARE EARTH, City Connect, US Department of Energy and Brookhaven National Laboratory invites you to observe “World Habitat Day 2010”
Better City, Better Life Citizens Involvement In Shaping A Better City
05th October 2010; 03.00 p.m. TO 05.00 p.m.
Thanthai Periyar Hall, University Of Madras, Chennai – 600 005
Valedictory Address By
Hon’ble Thiru Thangam Thennarasu, Minister For School Education, Government Of Tamil Nadu will deliver Valedictory Address.
The session is chaired by Mr. M G Devasahayam ( IAS Retd. ) Managing Trustee, SUSTAIN
Launching of sustainable Chennai initiative and youth declaration
Ms. Ayesha Sandhu ( TBC ); Mr. Vikas Chawla ( CII Chennai Young Indians Network ) oikos Chennai British Council Climate Change Champions
Youth For Sustainable Cities
Mr. P Micheal Vetha Siromony, IAS, Director, Rajiv Gandhi National Institute Of Youth Development
This session will be preceded in the forenoon by a session on sustainable communities by Prof. M S Ananth ( TBC ) Director, IIT, Madras and Mr. V Suresh former CMD Hudco, Govt Of India
Big dreams rooted in practicality are what help us translate our dreams into reality. We are conscious of the fact that every project we deliver has an obvious impact on the economy, infrastructure and society. We believe ours is a never ending journey of innovation and learning and the body of knowledge from each project we work on is invaluable in our evolution. And as we create landmarks, we never lose focus on building values.
Truthfully assist governments, corporate, societies and individuals in building structures and spaces that will inspire them to give their best. Harnessing the power of the human spirit concurrently with superior technology to optimize value for our clients seeking to be driven by our conscience in every aspect of our business.
At MARG we believe in making commitments based on our conviction, and seeing them through ‘no matter what’. The primary goal of MARG is to increase stakeholder value. And to us the most important stakeholders are shareholders who own our business, employees who work with us and clients or customers who purchase our products and services
Creating Landmarks, Building Values
In recognition of MARG’s nation building service, MARG Limited has been conferred with esteemed awards and honor of the following
“Sir Viswesvaraya Industrial” award, initiated by ‘All India Manufacturers Organisation – TNSB’ in 2010.
‘EXIM Achievement Award 2010′ from ‘Tamil Nadu Chambers of Commerce’ for Karaikal Port Private Limited, MARG Group.
“Tamil Nadu Emerging Entrepreneur” award, initiated by ‘Confederation Of Indian Industry’, for vision and willingness to dream big was awarded to our CMD, Mr. G R K Reddy in 2010.
“Outstanding Achievement Award For Port development & Management In Shipping, Marine & Ports” conferred by Chemtech Foundation at ‘Shipping, Marine & Ports World Expo 2010′ from Shri Kateekal Sankaranarayanan the Governor of Maharashtra.
Fastest Growing Construction Company ( Small Category ) – 1st rank at the 7th construction world annual awards 2009, Mumbai. Consecutively for the second year.
South East CEO Conclave Award 2010 for Corporate Social Responsibility awarded to MARG Limited CMD Mr. G R K Reddy.
Marg is proud to be associated with 10th edition of CII Connect, Tamil Nadu’s premiere ICT event organized jointly by CII and Govt of Tamil Nadu.
CII had organized a press meet yesterday at Park Sheraton Hotel wherein Marg executives participated. We’ve a photo of our executive director, Mr Oscar Braganza in discussion with senior industry representatives and govt officials.
Standby as we bring you more updates on CII Connect 2010