Last $0.65 USD
Change Today +0.029 / 4.67%
Volume 33.1K
IGC On Other Exchanges
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Exchange
NYSE Amex
Stuttgart
OTC US
As of 11:16 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

india globalization capital (IGC) Snapshot

Open
$0.61
Previous Close
$0.62
Day High
$0.67
Day Low
$0.61
52 Week High
05/22/14 - $2.34
52 Week Low
10/15/14 - $0.55
Market Cap
9.0M
Average Volume 10 Days
36.6K
EPS TTM
$-0.37
Shares Outstanding
13.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for INDIA GLOBALIZATION CAPITAL (IGC)

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india globalization capital (IGC) Details

India Globalization Capital, Inc., through its subsidiaries, operates as a mining, materials, and infrastructure company in India and the People’s Republic of China. It is engaged in trading and sale of iron ore; execution of construction contracts primarily in the roads and infrastructure development sectors; leasing heavy construction equipment; trading rock aggregate, commodities, and electronic components; and the transport and delivery of ore, cement, aggregate, and other materials. The company serves steel mills, including local traders and steel mills near the port of Tianjin, the People's Republic of China; and the National Highway Authority of India, various state highway authorities, the Indian railways, and private construction companies. India Globalization Capital, Inc. was founded in 2005 and is based in Bethesda, Maryland.

21 Employees
Last Reported Date: 07/15/14
Founded in 2005

india globalization capital (IGC) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: $300.0K
Principal Financial & Accounting Officer and ...
Total Annual Compensation: $90.0K
Compensation as of Fiscal Year 2014.

india globalization capital (IGC) Key Developments

India Globalization Capital, Inc. Receives Business License to Expand Equipment Rental in India

India Globalization Capital, Inc. announced that it has received a business license from the state government of Karnataka, India, to expand its infrastructure heavy equipment rental business. Karnataka India is a neighboring state of Kerala, India, where it currently operates. As previously reported, IGC has been planning its India-based expansion for the better part of 2014, including setting up a rental hub, premarketing, identifying, purchasing and reallocating specific heavy equipment. With the grant of the business license, IGC expects to commence operations in this current quarter. IGC rents heavy equipment with trained operators to the construction and agricultural industries in Kerala, India. The current expansion to a neighboring state is strategically planned to take advantage of the high projections and anticipated demand activity in Karnataka, India. Â IGC has land assets in India that it expects to monetize in order to better finance the expansion. The recently-elected government in India has announced bold plans for developing several sectors including basic infrastructure, the building of smart cities, and the agricultural industry.

India Globalization Capital, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

India Globalization Capital, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported revenues of $2,117,816 against $1,133,585 a year ago. Operating loss was $765,279 against $432,709 a year ago. Loss before income taxes and minority interest attributable to non-controlling interest was $915,853 against $613,861 a year ago. Net loss attributable to common stockholders was $887,399 or $0.07 basic and diluted per share against $615,187 or $0.09 basic and diluted per share a year ago. The increase in revenue relates to an increase in the volume of trading commodities and electronics and leasing heavy equipment in India. For the six months, the company reported revenues of $2,881,680 against $2,257,489 a year ago. Operating loss was $1,915,278 against $693,463 a year ago. Loss before income taxes and minority interest attributable to non-controlling interest was $2,125,571 against $1,244,579 a year ago. Net loss attributable to common stockholders was $2,105,406 or $0.17 basic and diluted per share against $1,248,674 or $0.18 basic and diluted per share a year ago. The book value of the company as of September 30, 2013 was $2.03 and the tangible book value was $1.95 based on the weighted average number of basic and fully diluted shares outstanding at the end of the quarter.

India Globalization Capital, Inc. Expands Heavy Equipment Rental Business in India

India Globalization Capital, Inc. announced that it is expanding its heavy equipment rental business from Kerala, India to neighboring state of Karnataka, India. IGC currently rents out heavy equipment such as bulldozers, pneumatic rollers, trailers, generators, and Bobcats; with trained operators to the construction and agricultural industry in India.

 

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TEV/Sales 1.1x
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