Marg Ltd, a Chennai-based diversified infrastructure company, is planning to promote projects worth Rs 2,760 crore over the next three years. These projects include setting up a ship building, expansion of the Karaikal port and other residential and commercial projects. The company is also planning to set up a power plant worth Rs 800 crore.
Under the infrastructure vertical the company had set up a port at Karaikal, as part of phase II plan. It is planning to increase its capacity to 21 million tonnes from the current five million tonnes with an outlay of Rs 1,500 crore which would be completed by next year. Marg is also planning to set up a ship repair and a port near Chennai with an outlay of around Rs 400 crore.
Currently the marine infrastructure business contributes 20 per cent to the company’s overall revenue which will be increased 30 per cent. Over the next two years the company is planning to develop 3,000 houses, of which 60-70 per cent will be on the affordable focusing mainly on middle and lower middle class with a total outlay of Rs 650 crore.
The company has acquired 7.3 acre of land at Karapakkam, on the outskirts of Chennai, where it is developing a commercial project with an outlay of Rs 710 crore. The project includes shopping mall, 252 room hotel, service apartments, office space and a theatre. The project will be completed by 2012. The company is also planning to set up a power plant with a capacity of 200 mega watt with an outlay of Rs 800 crore.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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