Marg Pockets Contract From Karnataka Govt
Marg Limited, India’s leading Infrastructure and RealEstate development company, has received a contract from the Karnataka government.
The scope of order involves development of airport at Bijapur, Karnataka.
However, the company did not disclose the financial details of the deal.
Recently, the company laid foundation stone for the country’s first fishing harbour on a Public Private Partnership model, at Rajakamangalam Thurai in Kanyakumari district, Tamil Nadu.
The company would invest Rs 450 million in the project, which is likely to cover up 40 acres of land. The project is expected to benefit more than 40,000 people who reside in and around the village. The Project will generate direct employment for about 8000 people once the Fishing Harbour is fully developed.
The Harbour is expected to be fully operational by October 2010.
At 12:05 p.m., shares of the company gained 4.9% to trade at Rs 34.45 on the Bombay Stock Exchange (BSE).
