An 85 per cent increase in profit from the previous year launches Marg Ltd to dizzying heights. To the further credit of the company, its EPC revenue rose a whopping 43 per cent in 2011-12 to Rs 1,440 crore.
Incorporated in 1994, the Chennai-based Marg Group has established its footprint in Engineering Procurement and Construction (EPC), marine infrastructure and services, urban and industrial infrastructure and real estate.
MARG Karaikal Port, a subsidiary of MARG Group received the "Innovative Port of the Year" award at the 4th South East CEO Conclave 2012. The capacity of the port is being expanded to 21 mn tpa from 5.2 mn tpa and to fund the project, Marg plans to raise equity investment of Rs 130 crore by diluting its stake in the subsidiary to 67.58 per cent from 80.63 per cent. Marg is also developing a 612 acre special economic zone (SEZ).
Its EPC business is operated by MARG Foundation India, a division providing integrated turnkey services including design, engineering, procurement, construction and project management for infrastructure and real estate sectors. The company's EPC revenue rose a whopping 43 per cent in 2011-12 to Rs 1,440 crore. The company ended 2011-12 with an EPC order book of around Rs 3,250 crore, of this around 30 per cent comprises external orders. During 2011-12, the company completed and handed over a residential building for NBCC (Rohtak), non-plant building for IOCL and HPCL, ELCOT IT Park project at Tiruchy, and PADCO Housing among others.
The company's standalone revenue in 2011-12 rose 38 per cent to Rs 1,501 crore while its net profit rose 85 per cent to Rs 111 crore from Rs 60 crore in the previous year.