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.
"With our increasing business, we expect to continue growing at an overall 30% year-on-year in 2011-12. In FY'11 we expect a standalone turnover of Rs 1,100," MARG Chairman and Managing Director G R K Reddy told PTI here.
He said that looking at their growth trajectory, the company is targeting to become a $1 billion company by FY'14.
"Our EPC business is growing and we have several strategic technological tie-ups with international majors like with Spain's PYCSA, Ireland's Lagan Construction and US's AECOM to strengthen focus," he said.
The company, which 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).
The Chennai-based company started with EPC business providing integrated construction solutions across the country.
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In marine infrastructure and services, he said 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, Reddy said.
"We are 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. The project is under planning stage," Reddy said without giving further details.
MARG is also working on build two airports in Bellary and Bijapur on public-private partnership (PPP) model with Karnataka government, he informed.
"We are planning to invest Rs 200 crore for building the Bellary airport and Rs 110 crore for Bijapur airport in 2-3 years," he said.
Besides, the company is also building a SEZ - MARG Swarnabhoomi - on 600 acres of land 60 kms from Chennai.
The project is an engineering, automotive and multi services zone built with an investment of Rs 700 crore, he said, adding that 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, he added.