Virgo Engineers to set up new plant near Chennai


Virgo Engineers,Marg Swarnabhoomi sezPune-based valve manufacturing company Virgo Engineers Group is in the process of expanding its manufacturing capacity by setting up a new plant at Marg Swarnabhoomi, near here.

The Rs 700-crore company is a leading manufacturer of flow control valves and allied products predominantly for the oil and gas sector.

Spread over one lakh sq.ft., the company’s Chennai facility is expected to cater to the “increased export demand and contribute Rs 100 crore to the company’s turnover in the next three years.

INVESTMENT

Announcing the launch of the facility on Monday, Mr Jagdish Desai, CEO of the company, said Virgo has invested close to Rs 40 crore in the facility and will invest another Rs 20-25 crore to install machinery.

The company is planning invest a similar amount in setting up a foundry at its Coimbatore facility as a backward integration initiative. “This will give us a better control over the price and quality of the products besides ensuring guaranteed supply of valve castings,” he said.

The company, in the last one year, has invested close to Rs 90 crore in India in capacity expansion projects in its Pune and Coimbatore facilities and setting up this new plant. In addition, it set up a manufacturing facility in Italy and acquired an existing facility in Germany at an overall investment of €11 million.

Virgo currently has 13 sales offices in seven countries and manufacturing facilities in India, Italy, Germany and the US, and it has a base of over 2,300 customers across 72 countries.

MARG SWARNABHOOMI

Mr G.R.K. Reddy, Chairman and Managing Director of Marg Swarnabhoomi, who was also present on the occasion, said Virgo’s is the fourth manufacturing facility at Swarnabhoomi. Danish pump manufacturer Grundfos, the UK-based cooling tower equipment manufacturer Vanspall and auto component manufacturer Polyhose have already set up facilities which are operational too, he said.

Besides, the company has signed with Eswari Electricals (to set up a 10,000 sq.ft of distribution facility); Twindisc for a 33,500 sq.ft. of marine transmission devices manufacturing facility; TVS Kwikpatch for a 10,500 sq.ft. space for auto components; and Techpro for manufacturing equipment for water treatment plants.

Source:thehindubusinessline

Advertisements

Marg Swarnabhoomi launches Swarnabhoomi Cityscapes


marg city scapes logo

marg city scapes logo

Marg Swarnabhoomi has launched yet another milestone project, ‘Swarnabhoomi Cityscapes’ – a wide range of villa plots on scenic ECR. Swarnabhoomi Cityscapes is set to address the thrust of emerging requirement for quality and high appreciation plots in Chennai. It has simultaneously launched three projects called “Bay view”, “Lake View Garden” & “Royal Orchard” near MARG Swarnabhoomi, located on the scenic ECR near Chennai.
Speaking about the villa plots’ launch, GRK Reddy, Chairman and Managing Director, MARG Group, said, “East Coast Road (ECR) known for its scenic sea view, lush greenery and entertainment has witnessed drastic development in the recent past. The Villa plots from Swarnabhoomi Cityscapes are planned in such a way that it harmonizes with nature and offers tranquility and peacefulness. These plots are part of the integrated holistic regional master plan which we are developing through MARG Swarnabhoomi. The ideal location of the villa plots in a rapidly developing urban area promises not only a high return on the investment.

This launch is part of a bigger dream to build India’s first private sector propelled 10,000 acre new city, MARG Swarnabhoomi.”
“Bay View” villa plot which is located at just 1 km from the beach on ECR and close to Cheyyur Lake start from Rs.9.99 lakhs* onwards per ground. Bay View comes with a 571 premium sea view plots which is located on the entertainment corridor, just 2kms from TTDC Boat House (Mudaliarkuppam) and proposed water sports & Theme Park.


Surrounded by nature’s freshness and lush greenery, “Lake View Garden” plots are premium pieces of land which comes with a price range starting from Rs. 7.57 Lakhs* onwards per ground. Lake View Garden offers 517 garden plots which are located on ECR in close proximity to Koovathur hospital and near proposed BGR Energy Plant.
“Royal Orchard” villa plot inspires by the serene power of nature and its beauty is located next to Tapovan Ultra Luxury Villas by MARG ProperTies in tranquil environment comes with a price range starting from Rs 4.99 Lakhs* per ground. Royal Orchard offers 397 garden plots off ECR which are located just 18km from Maduranthagm Railway station.
Says Ganessh ram, CEO MARG Swarnabhoomi & Education Services, “The villa plots on ECR as represented by our new brand ‘Cityscapes’ offer a winning blend to interested customers as they not only are backed by MARG Group, one of India’s fastest growing infrastructure companies thereby enjoying a high degree of credibility and transparency but also are a value for money proposition keeping in mind the high appreciation potential of ECR , touted as the fast upcoming growth corridor”.
Swarnabhoomi Cityscapes addresses the master vision on holistic regional development of 10,000 acres around MARG Swarnabhoomi. It will also showcase the vision of developing MARG Swarnabhoomi as a self-sustainable model for other upcoming new cities. To this extent, all the plots developed by Swarnabhoomi Cityscapes will be around MARG Swarnabhoomi, currently a 1000 acre thriving new city. All these plots will have access to the shared facilities in MARG Swarnabhoomi like clubhouse with swimming pool , children’s play area, convention centre etc.

AMRITA RESEARCH AND INNOVATION PARK – IT-ITES OFFICE SPACES – Marg Swarnabhoomi


Amrita Research & Innovation Park (ARIP) is part of a Multiservices Special Economic Zone of MARG Swarnabhoomi. With over 6 lakh square feet built-up space, ARIP addresses to every minute requirement of IT/ITES companies and is poised to cater to the new generation IT requirements. Packaged as an innovative solution, unlike traditional IT parks (mere infrastructure), ARIP offers 360 degree solutions right from IT/ITES space, accommodation, leisure & entertainment and education while learning.

Spread over 7.84 acres of land, ARIP consists of two equivalent towers of 2.76 lakh sq feet each. Two towers are connected with a walkway at 3rd floor. Apart from the basic IT infrastructure required for IT/ITES companies, ARIP is designed in such a way that it receives more natural light and air flow, making it energy efficient. A floor height of 4.05 meters makes the employees more comfortable to work with less fatigue. All these features combined with walk-to-work lifestyle to offer better productivity for the companies.

As a packaged solution, ARIP offers an unmatched lifestyle for the employees of its clients who live in MARG Swarnabhoomi. All the employees can avail the facilities of MARG Swarnabhoomi such as indoor & outdoor sports complex, CBSE based school, Medical services, ATM, Departmental store, and Multi-purpose auditorium etc. Plans are afoot to develop DhyanaDham, Adventure sports and water sports at MARG Swarnabhoomi.

Benefits to IT/ITES companies

  • ARIP is a part of Multi Services SEZ – companies can avail all the SEZ benefits such as corporate taxes etc
  • Located in serene environment, which encourages innovation and fresh thoughts
  • Reduced rental/lease costs
  • Reduced Operational Costs – power, transportation costs
  • Companies can concentrate on their core competencies – instead of concentrating on other activities like transportation and safety & security of the employees etc
  • Lesser travel time brings in better work-life balance and ultimately results in more productivity
  • Improved employee retention because of better work-life balance

Benefits to IT/ITES employees

  • Better work-life balance – an accomplished escape from the world of frustrations offered by the current cities
  • Savings up to Rs.8000/- in the monthly budgets including transportation costs and living costs etc
  • More free time to cherish unfulfilled dreams such as learning music, playing games/sports with families and education while learning etc
  • Healthy lifestyle because of serene, pollution free and frustration free environment
  • Safe secured place to live in

For more details, please contact 9790964952/ 8754481700 or multiservices@margswarnabhoomi.com

MARG LIMITED REVENUE GROWS BY 52%


Marg Limited is one of the best builders in chennai developed low budget flats in chennai.

Financial Highlights

Q3 2011-12

  • Standalone revenue up at Rs.483 crores in Q3 FY12, increase of 52% over Q3 FY11
  • EBITDA for Q3 FY12 is Rs.41.4 crores, increase of 18% over Q3 FY11 EBITDA of Rs. 35.2 crores
  • PAT of Q3 FY12 at Rs.18.4 crores as compared to Rs.15.9 crores in Q3 FY11

MARG Limited – Standalone Entity

Financial Performance

INR Crores

Q3 2011-12

Q3 2010-11

Q-o-Q Change

Revenue

483.0

317.3

52%

EBITDA

41.4

35.2

18%

PAT

18.4

15.9

15%

Chennai, January 27, 2012: MARG Limited, India’s leading diversified infrastructure development company, announced its financial results for the quarter ended December 31, 2011.

The company recorded a 52 percent increase in net sales, which stands at Rs. 483-cr in the third quarter of 2011 – 2012, as compared to Rs. 317.3-cr in the Q3 2010 -2011. The net profit for the quarter ended December 31, 2011 stands at Rs. 18.4-cr, a 15 percent increase from Rs. 15.9-cr registered in the same period last year. ?

Business Highlights

  • Karaikal Port handled 1.45 MMT of multi cargo during Q3 ending Dec 31, 2011 (YTD FY12 ~ 4.4 MMT)
  • KPPL received the final tranche of PE investment of Rs. 50 Crores from Ascent Capital
  • EPC revenue of MARG Limited at Rs. 465 crores in Q3 FY12, growth of 55% over the Q3 FY11 revenue of Rs.300 crores
  • Current EPC order book at around ~Rs.3250 crores, external orders account for ~35%
  • MARG ProperTies, the residential arm of the company sold 98 units (0.11 MSFT) in Q3 2011-2012. Total sales till Q3 FY12 at 409 units with sale value of Rs.127 crores
  • Construction of MARG Junction Mall, one of the largest mixed use developments in Chennai, is on schedule; deals for ~55% of the leasable space in the mall area have been finalized

Commenting on the company’s performance in the quarter ended December 31, 2011, GRK Reddy, Chairman & Managing Director, MARG Limited said, “Our results for the quarter ended December 31, 2011 are very encouraging. Despite the challenging business environment, our income has increased by a healthy 52 percent. This has laid the foundation for MARG to be a billion dollar organisation in the next two years. EPC will continue to be the core thrust area for MARG. MARG Karaikal Port, MARG Swarnabhoomi and MARG ProperTies will be the key growth drivers.”

Performance of Business Verticals

EPC Business

  • EPC revenue of MARG Limited at Rs. 465.2 crores in Q3 FY12, growth of 55% over the Q3 FY11 revenue of Rs.300 crores
  • Current EPC order book at around ~Rs.3250 crores, external orders account for ~35%
  • Continued strengthening of human capital and technological capabilities to focus on specialized projects in the industrial infrastructure space

Marine Infrastructure

Karaikal Port

  • Handled 1.45 MMT of multi cargo during Q3 FY11. Total cargo handled till Q3 FY12 is 4.39 MMT
  • Revenue of Rs. 57.9 crores during Q3 FY 2011-12 (Provisional); Total revenue till Q3 FY12 at Rs.163.9 crores, EBITDA at Rs. 68.7 crores and PAT at Rs. 25.3 crores
  • Received the final Tranche of PE Investment of Rs. 50 Crores from Ascent Capital
  • Handled 294 rakes for the Q3 FY12 and 1,569 rakes since commencement of rake operations
  • Financial Closure for Phase 2A Extension achieved for Rs. 437 crores with four banks
  • Successfully completed the Construction of Berth 3 & 4

Urban and Industrial Infrastructure

MARG Swarnabhoomi

Engineering SEZ

  • Virgo and TVS Kwik Patch have commenced operations
  • MOU signed with Twin Disc U.S for their new marine transmissions manufacturing unit, DC approval obtained
  • LOI’s signed with Tecpro Energy Systems and Eswari Electricals to set up their export oriented unit at the engineering SEZ

Science Park

  • Significant progress made on the Construction of phase-I spread over 210,000 sq ft of Wet Laboratory building, building would be ready for occupation by March,2012

Knowledge Hub

  • Premier Institutions in Australia have shown positive response for tie-ups for vocational education and other allied courses and the education services team is working on structuring business models
  • Talks are in final stages to sign MOU with a leading Malaysian university to set up an international campus in India for offering various courses in design, hospitality, tourism, languages, music and management education

Residential

  • Total of 245 units were sold during Q3 taking the total Swarnabhoomi residential sales since inception to 1687 units
  • “Four Seasons” , a new product in the high rise residential space category was launched in Q3

Real Estate

MARG ProperTies – Residential Business

  • Sale of 98 units (0.11 MSFT) in Q3 2011-2012. Total sales till Q3 FY12 at 409 units with sale value of Rs.127 crores
  • Since Inception (ITD), MARG ProperTies has sold 1660 units (1.79 MSFT) with a booking value of Rs.445 crores
  • Handing over of apartments to the customers has already started in Pushpadruma – 466 units scheduled to be handed over in Q4/2011-2012 and Vishwasakthi Phase 1 – 192 Units is scheduled for handing over in Q4/2011-2012.
  • MARG ProperTies is set to launch a new project in Q4/2011-2012 with 204 units with sale value of Rs.73 crores.

MARG Junction, OMR – Commercial Business

  • Development of the project is on schedule, expected to commence operations in FY13
  • Deals for ~55% of the leasable space have been finalised – healthy pipeline for remaining space
  • Key clients include PVR, Shoppers Stop, Hyper City; mini- anchors confirmed LOI are Reliance Trends, Blue – O and Timezone; Vanilla clients include HP, Ryaban, Archies, Levis, Wrangler, Lee, Woodland, Nike, Mufti, Cannon, Riyaa, Casio, Eva, Denizen, Marry Brown, Dosa Plaza, Kushal Jewelers, among others?
  • Agreement with Shangri-La executed for development of Hotel and Interior Design concept is finalized.

Other Highlights

Awards received

  • GRK Reddy recognized as ‘Outstanding Entrepreneur’ at Asia Pacific Entrepreneurship Award in November 2011 at New Delhi
  • MARG Limited recognized for its “Outstanding contribution in Port Sector projects” at the EPC World Awards 2011 held at Bangalore on 17th Dec 2011
  • In January 2012, GRK Reddy received the Special Jury Award at the Gateway Awards of Excellence 2012 in recognition of his visionary role in building the Karaikal Port

About MARG Group:

MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure major with presence across the value chain. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of ‘Permitted Security’.

With over two decades of reassuring presence and the credit of pioneering the development of economic growth centers, MARG’s portfolio spans across the entire infrastructure value chain – urban and industrial infrastructure, urban residential clusters, marine infrastructure & services, malls and EPC division. The group is expanding its sectoral presence with airport projects in Bellary & Bijapur and Multi-level car park projects. Listed by Dun & Bradstreet among “India’s Top 500 Companies 2010”, today MARG Group has projects worth more than Rs. 3000 crores under execution, a seasoned human capital of more than 1300, global partners in the Infra space and offices spread across India, Singapore and China.

For more information, visit http://www.marggroup.com

For More Details :

Company Website : www.margswarnabhoomi.com

For further information contact:

Sakthi Prasanna 
Hanmer MS&L 
M: +91 98842 77251

MARG NAVAJYOTHI VIDYALAYA SCHOOL- Marg Swarnabhoomi Sez


MARG NAVAJYOTHI VIDYALAYA

Based on the CBSE pattern, this school currently offers affordable education to first-generation students around the neighborhood of MARG Swarnabhoomi. Driven by the vision to play a key role in ushering regional growth around places where it has a presence, the MARG Group plans to open at least 10 schools under the flagship of “MARG Navajyothi” around various parts of India to provide quality education to over 5,000 deserving students.MARG Navajyothi Vidyalaya has the requisite infrastructure to take care of both the academic and extracurricular activities. The school has a G 2 building with an area of 20,000 sq.ft.. All the classrooms are well ventilated. Children are provided with a theme-based learning environment. The school is well equipped with all educational aids to foster overall development of the child. Computer lab and a Smart Class facility enable the children to be in touch with the latest. The school has ample lush green spaces, a garden, and a playground with sports facilities.The school is headed by an educationist with more than 30 years of experience in school education. A team of trained teachers experienced in handling CBSE syllabus is taking care of the overall development needs of the children.

For More Details :

Company Website : www.margswarnabhoomi.com

MARG SWARNABHOOMI UNIQUE ECOSYSTEM


MARG Swarnabhoomi has been conceived and designed as a city that creates sustainable innovation. The aim is to create serial innovations through close networking of academia–research–industry. More specifically, the clustering establishes network and creates opportunities for both companies and individuals through project planning, joint research, and exchange of ideas. The ecosystem stimulates interaction between the technological “seeds” of core research institutions and the practical needs of the business world based on close collaboration.

The four key constituents of the unique ecosystem at MARG Swarnabhoomi are education, research, innovation, and industry, with each one of these acting as a feeder to the next and creating a ripple effect on building up a sustainable economic growth for regional development. Education is the fundamental building block of MARG Swarnabhoomi. For this purpose, infrastructure and association are being created to cater right from elementary to higher education. And the educational institutes collaborating from India and abroad will empower MARG Swarnabhoomi as the intellectual capital with thriving high-quality human resource. The second unique aspect of MARG Swarnabhoomi’s ecosystem that gives it a competitive edge in innovation is the presence of state-of-the-art research infrastructure. It offers a conducive environment in a picturesque setting, ideal for research-and-technology-driven institutes and companies.

A world-class infrastructure at MARG Swarnabhoomi enables cutting-edge research with excellent support structures like access to a range of services in technology transfer, management, marketing and financial services, wet laboratories, intellectual property cell (IPR), human resources development center, multidisciplinary research. All these support services are made possible through prudent planning and right collaboration.

 

UNIQUE ECOSYSTEM @ MARG SWARNABHOOMI : FULFIL YOUR DREAMS

 

The state-of-the-art infrastructure in a conducive environment for cutting-edge research with the appropriate critical mass will foster innovation, the third unique aspect of MARG Swarnabhoomi. The innovation is the focal point in the development of MARG Swarnabhoomi, where inventive minds congregate and groundbreaking ideas are born.

The innovations spawned from MARG Swarnabhoomi will play a clear societal and economic role by generating discoveries and opportunities for new industrial applications.

The fourth unique aspect of MARG Swarnabhoomi is the presence of workspace infrastructure for the diversified industries in the ecosystem. The industries can benefit immensely from the innovation done in collaboration with the research organizations. Some of the advantages are early access to cutting-edge research and technology, outsource R&D requirements, and minimize time-to-market. And at the same time the research companies can benefit from addressing challenges and setting benchmarks in providing solutions to the industry.

MARG Swarnabhoomi with its four unique aspects model is poised to make it a sustainable development and create new economic activity in the region.

A colloquium on “Catalyzing Research and Innovation to address emerging needs”


~ To mark the setting up of Innovation Center at MARG Swarnabhoomi in strategic collaboration with Virginia Tech, USA ~

~Energy Harvesting, Cognitive Radio and Nano Technology identified as core thrust areas ~

~Attended by Jim Duffey, Secretary of Technology, Virginia State, USA~

Chennai, November 18, 2011: Indo-American Chamber of Commerce in association with MARG Ltd & Virginia Tech today organised a colloquium on “Catalyzing Research and Innovation to address emerging needs.” The discussion focused on the urgent need for R&D to develop new or customized products and services that address features of affordability, scalability, durability and sustainability.

A distinguished panel addressed a gathering of like–minded thinkers, social entrepreneurs, scientists and educationalists apart from others. Jim Duffey, Secretary of Technology, Virginia State, USA was the key note speaker of the panel discussion. Some of the other panelists included – John E. Dooley, Vice President for Outreach and International Affairs, Virginia Tech, James Golsen,Principal Commercial Officer, U.S Consulate, Raman Govindarajan, Chairman, Indo-American Chamber of Commerce (Tamil Nadu branch) and GRK Reddy, Chairman & Managing Director, MARG Group.

The panelists stressed upon different facets of global economic growth and the industrial revolution which acted as catalysts in creating new economies causing the big leap in development, and upliftment of the standard of living of the masses. It also discussed on the research & innovation priorities for India and the need of R&D to develop new or customized products & services that are tailor made for India.

Jim Duffey, Secretary of Technology, Virginia State, USA, said “The evolution and usage of all industrial development across North America, Europe and Japan has been heavily influenced by the affordability and needs of those societies. Even though India benefited from most of these technologies, the hugely different social construct in India calls for a new direction of customized research and development to suit our specific and unique needs”.

At this juncture when India is fast emerging as a global Research and Innovation hub, MARG and Virginia Tech, USA are jointly collaborating to set up a Center of Research through Virginia Tech’s Institute for Critical Technology and Applied Science (VT-ICTAS). The Center will be located in the smart eco-system of MARG Swarnabhoomi, the campus of education, research, innovation, industry and living (located mid-way between Chennai and Pondicherry, on the scenic East Coast Road). This Innovation Center proposes to address large scale research opportunities by challenging traditional disciplinary and academic approaches. The three identified initial focus areas of Research will be

  • Energy Harvesting
  • Cognitive Radio and
  • Nano Technology

The speakers opined that offering quality products and services at affordable price has always been the biggest challenge in India. With nearly 600 million people in the lower income group, the needs and priorities of India differ from the developed world. There is an urgent need for R&D to develop new or customized products and services that address features of affordability, scalability, durability and sustainability in areas of housing, education, energy, health care, transportation, infrastructure, environmental conservation, public policy, governance, urban planning etc. It also requires innovative approaches supported by interdisciplinary research transcending global boundaries

As a part of the elite panel, GRK Reddy, Chairman & Managing Director, MARG Ltd. said, “Research and Innovation will drive the Indian Economy of the future. At MARG Group, we try and innovate constantly and we are conscious that India today requires a leadership role in cutting edge research and radical thinking as a platform for breakthrough innovation. I am confident that our collaboration with Virginia Tech to set up a Innovation centre at MARG Swarnabhoomi is not just timely but will also soon influence every aspect of our life through affordable new products & services, thereby improving living standards of billions in India and around the world”

While discussing the 3 areas of collaborative research and innovation that MARG and Virgina Tech i.e. Energy Harvesting, Cognitive Radio and Nano Technology, the speakers stressed that these are critical product development areas that will radically reshape our economies, labour market, social structures and indeed our entire relationship with the natural world.

Companies are setting up Research & Innovation (R&I) centers in India to serve the local market as also to deliver new products faster to the global markets. 300 MNCs have already setup their R&I centers in India. MARG Swarnabhoomi, christened as the “Land of New Thinking” and uniquely integrating education, research, innovation, industry and living for co-existence of educational institutions, manufacturing & research companies, IT services firms, housing and healthcare facilities all under one roof , is only leading this trend.

Commenting on the need of research initiatives, John E. Dooley, The Vice President for Outreach & International Affairs, Virginia Tech, said “The research areas such as Energy Harvesting, Cognitive Radio and Nano Technology have far reaching implications and business opportunities for various industries and could result into affordable new products and services for improvement of the living standards of billions of people inside and outside India. With active participation and collaboration by the industry, academicians and researchers, it is possible to discover better solutions that could make a difference in terms of National/Global impact.”

With concerted efforts by public & private sectors catalyzed by a ‘reverse brain drain”, a favorable Research & Innovation environment has been created in India. Although, investment in R&D has been negligible (0.8% of GDP in the last decade) for a long time in India, this is now likely to move forward towards the trend in developed countries (investing in the range of 2.5% to 4.5% of their GDP)

Adding to the discussion, Raman Govindarajan, Chairman, Indo-American Chamber of Commerce (Tamil Nadu branch), said“Congratulations to MARG and VIRGINIA TECH for this wonderful facility in Tamil Nadu for Innovation and Advanced Research on very useful subjects to the society like Energy Harvesting etc. This event re-iterates the emergence of India’s on Education Sector, besides creating quality professional workforce, which is now the envy of the world, besides having projects like this which will uplift of the quality of life for the common man”

The colloquium ended with positive estimates on growth of research and innovation in India and its likely impact on India’s economy and growth as a ‘super-power’.

About IACC

Established in 1968, the Indo-American Chamber of Commerce (IACC) is a non-government, industry led and industry-managed organization, playing a proactive role in India’s development process and serves as a much needed link between the business communities of India and the United States of America. IACC is the only bilateral Chamber of Commerce in India, which is committed to development of Indo-US business and trade relations.

The major objective of IACC is to promote Indo-American business, trade and economic relations. IACC promotes bilateral trade, investment and technology transfer, facilitates business collaborations, joint ventures, marketing tie-ups and strategic alliances through a set of proactive business-oriented initiatives.

In addition, the chamber will initiate debates and prepare issue based white papers on Indo-US trade related issues in the context of Double Taxation, Intellectual Property Rights and Totalization Treaty.

IACC acts as a catalyst for sustainable growth of business between India and the US. In its four decades of existence, IACC has established operational connectivity with a host of business, research and developmental institutions in India and US in order to leverage each others capabilities for enhancing Indo-US business relations.

About MARG Ltd.

MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure, real estate development and services company. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of ‘Permitted Security’. The holistic regional development undertaken by the group is unlocking economic prosperity and creating inclusive & sustainable growth models.

With over two decades of reassuring presence and the credit of pioneering the development of economic growth centers, MARG’s portfolio spans across the entire infrastructure value chain – urban and industrial infrastructure, urban residential clusters, marine infrastructure & services, malls and EPC division. The group is expanding its sectoral presence with airport projects in Bellary and Bijapur and Multi-level car park projects. Listed by Dun & Bradstreet among “India’s Top 500 Companies 2010”, today MARG Group has projects worth more than Rs. 5000 crores under execution, a seasoned human capital of more than 1000, global partners in the Infra space and offices spread across India, Singapore and China. The MARG CSR brand – MARG Parivarthan complements these business verticals. More information on MARG is available on http://www.marggroup.com

ABOUT VIRGINIA TECH

Virginia Tech, a land-grant university, is the largest university in the Commonwealth of Virginia, and is among the top research universities in the United States. Founded in 1872, the university’s campus covers more than 2,600 acres. It has enrollment of approximately 30,000 undergraduate and graduate students from 50 states and more than 100 countries study in 180 academic degree programs. Virginia Tech is engaged in graduate education, scientific and technological collaborative research, and scholarly outreach programs in different disciplines.