MARG Ind bags Rs 38 cr order for fabrication of wagons

13 Sep

MARG Ltd (BSE: 530543), an infrastructure development company, is foraying into the fabrication of wagon with a new order win from Braithwaite & Co Ltd (BCL). MARG EPC’s Industrial Project division has bagged the order worth Rs 37.66 Crore from Braithwaite & Co Ltd which includes fabrication and assembly of 247 BTFLN wagons in the workshop of BCL including supply of components and consumables except raw steel.

The scope of work includes total fabrication, assembly, fitment of components, painting & finishing etc. of 247 BTFLN (FF) wagon including supply of components & consumables except raw steel, wheel set (without bearings) & dished ends for Braithwaite & Co Ltd (BCL). This will include all types of preparation of total fabrication, drilling, fitting, riveting, huck-bolting, welding, grinding, chipping, cleaning, finishing, handling, wheeling etc., testing of dye-penetration test of welding joints, air brake test of wagon, pneumatic testing, hydraulic testing, shot blasting, painting & lettering of the wagon etc. The total timeframe for completion of this project of fabricating 247 wagons will be approximately seven months (40 wagons per month as specified by BCL) subject to timely availability of the raw steel, wheel set & dished ends (which are to be provided by Braithwaite).

Speaking on the occasion, GRK Reddy, Chairman and Managing Director, MARG said, “We are glad to have bagged this prestigious order from Braithwaite & Co and this order win set marks our foray into the business of fabrication of railway wagons. With technological innovation as a focus, MARG’s EPC division brings in the best of technology and knowledge partners which will help MARG in this new venture. Our technical and mechanical expertise reinforced by International technological partnerships will add value for the successful completion and on-time delivery of this project. We have recruited a specialised team with technical expertise in wagon fabrication from Kolkata for the fabrication work for the current and future projects.  ”

BTFLN wagon is a new and improved frameless Bogie Tanker Wagon used primarily for liquid petroleum products (petrol, naphtha, kerosene, diesel, furnace oil, etc.), and also for vegetable oil and other liquid cargo. This wagon is an improvement over BTPN wagon. The Bogie Pol Tank Wagon Type BTFLN was first developed by “RITES” in collaboration with “AZOVMASH” of Ukraine. Wagons are fitted with CASNUB Bogies, Couplers, Air Brake System and other Components. Spare infrastructure facility along with electricity required for undertaking this work is provided by BCL in its Victoria Works in Victoria.

Braithwaite & Co. Ltd is one of the largest Wagon manufacturers in India with three manufacturing units having been accredited with ISO 9001: 2000 quality standards for wagons, cranes, foundry products and heavy structural. The company was registered and incorporated on 1st December 1976 as a fully owned Govt. of India Undertaking. The company today has three units – Clive Works, Victoria Works both in Calcutta and Angus Works (in Hooghly District), West Bengal. Currently the administrative control of the company has been taken over by the Ministry of Railways. Various works facility of BCL is very well equipped with all requirements for manufacture of Cranes, Foundry products, Machinery Components, Pressure Vessels, Railway Wagons and Heavy Structures for Bridges and other engineering applications.

MARG’s EPC Industrial Project division provides integrated turnkey solutions and its range of services include structural, mechanical, electrical, instrumentation and commissioning. It also provided services which include integrated design, engineering, material procurement, field services and construction & project management services for infrastructure sector and real estate projects. Already MARG has a sizable National presence and is undertaking orders across India and across private and public sector.

Some of its large external customers include Government of Pudhucherry, Alstom, Assotech, BHEL, Daslagerway Wind Turbines, Larsen & Tubro, Indian Railways, Indian Oil Corporation, Military Engineering Services, Hindustan Petro Chemical, Housing and Urban Development Corporation, Bhavnagar Energy Company Limited, Petronet LNG, Lucknow Development Authority and National Buildings Construction Corporation.

MARG EPC also has the enviable reputation of building MARG Karaikal port (now considered as one of India’s finest private sector ports) and MARG Swarnabhoomi (a unique smart eco-system based land of new thinking and a city that follows the principle of Education, Research, Innovation and Industry).

Listed by Dun & Bradstreet among “India’s Top 500 Companies 2010”, MARG Group has projects worth more than Rs 5000 crore under execution, global partners in the Infra space and offices spread across India, Singapore and China. MARG’s businesses are organised under 4 distinct business verticals – Marine Infrastructure & Services, Urban & Industrial Infrastructure, EPC and Real Estate.

About MARG:

MARG, 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

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