Diversified Infrastructure development firm MARG is eyeing an increase of 30% in turnover at around Rs 1,430 crore in FY'12 and aims to become a billion dollar company by FY'14. The company expects to continue growing at an overall 30% yoy in 2011-12. In FY'11 the company expects a standalone turnover of Rs 1,100.
In the growing EPC business, the company, has an order book of Rs 3,600 crore, operates in four verticals- engineering - procurement - construction, infrastructural development, real estate development and Special Economic Zone (SEZ).
In marine infrastructure and services, the company has built and is operating MARG Karaikal Port in Puducherry, which handled 4.8 tonnes of cargo. The company is planning to increase its cargo handling capacity and has set a target to increase it to nine million tonne this year and 20 million tonne by FY 14. The company is also planning to build another port-cum-ship repair yard with an investment of Rs 400 crore at Mugaiyur in Tamil Nadu in 36 months. However, the project is under planning stage.
MARG is also working on build two airports in Bellary and Bijapur on public-private partnership (PPP) model with Karnataka government. They are planning to invest Rs 200 crore for building the Bellary airport and Rs 110 crore for Bijapur airport in 2-3 year.
Besides, the company is also building a SEZ - MARG Swarnabhoomi - on 600 acres of land 60 kms from Chennai. The project is engineering, automotive and multi services zone built with an investment of Rs 700 crore. Nearly 30% of the SEZ is already developed. In its fourth vertical, real estate, the company has a land bank of 2,200 acres spread over Tamil Nadu, Andhra Pradesh and Puducherry, on which it plans to build 5,000 smart and affordable flats.