MY FAVORITE WHY BUY ONLY MY OPINION I MAY BE WRONG THIS IS NOT A BUY OR SELL RECOMENDATION ONLY AN OPINION!TICKER: IGC
READY FOR THIS ONE
Shares Outstanding5: 10.09M
Float: 7.50M
SNAP SHOT: COMPANY LOW LOW SHARE STRUCTURE
AMEX LISTED OVER $382 MILLION BACKLOG WORK
OVER 327 MILLION IN POSSIBLE NEW WORK. SETTLEMENTS IN
THE MILLIONS LOW DEBT JUST EXPAND WITH NEW REVENUE
Mining & Materials Segment Completes Preparation Needed to Export Iron Ore
GOING TO BE PART OF INDIAS 500,000 BILLION THATS HALF A TRILLION
BUDGET TOWARDS INFRASTRUCTURE
The contract, which will commence in early 2009 and continue for a
period of three years, increases the Company’s backlog to approximately $382 million
from $366 million.
Ram Mukunda, CEO of India Globalization Capital, commented, “Since we
consummated the acquisitions in March of 2008, our Indian companies have been
awarded an impressive $140 million in new infrastructure contracts. We continue to be
aggressive in pursuing new contracts and we are currently pursuing approximately $327
million worth of new contracts, which if we are successful in winning, would
dramatically increase our projected revenue and earnings for the years ahead.
- India Globalization Capital's Mining & Materials Segment Completes Preparation Needed to Export Iron Ore
- India Globalization Capital (IGC) Wins $2.2 Million
Arbitration Award
An Additional $22 Million of Similar Claims are in Process.
For the nine months ended December 31, 2008, IGC reported revenue of approximately
$32 million; net income, before one-time expenses, of around $ 600,000, and EPS, before
one-time expenses, of around $0.16 (EPS).
Ram Mukunda, CEO of IGC interviewed on Steve Crowley's American Scene Radio Show on June 2, 2009 at 10:54 a.m. EST. The interview can be heard live on BusinessTalkNetwork affiliate radio stations streamed on its website www.businesstalkradio.net. You can find local radio stations by accessing the website.
