India Globalization Capital Inc. (AMEX:IGC)
About India Globalization Capital Inc. (AMEX:IGC) India Globalization Capital Inc. (IGC) is a materials and construction company. The Company offers services which include civil construction of roads and highways the construction and maintenance of high temperature cement and steel plants operations and supply of rock aggregate and the export of iron ore to China. The operations of IGCare based in India. IGC owns 100%of a subsidiary in Mauritius IGC-Mauritius (IGC-M). This Company in turn operates through four subsidiaries and one investment in India. It has an investment ownership of 22.3%of Sricon Infrastructure Private Limited (Sricon). It owns 77% of Techni Bharathi Limited (TBL). The Company also owns 100 % of IGC India Mining and Trading Private Limited (IGC-IMT) IGC Logistic Private Limited (IGC-L) and IGC Materials Private Limited (IGCMPL). Through its subsidiaries it operates in the India and China infrastructure industries.
52 week range
$0.51 - $2.69
Financials India Globalization Capital Inc. (AMEX:IGC) generated total revenue of $1.68 million in current quarter which is noticeably greater than previous quarter’s revenue of $1.13 million. Moreover, net income is still negative but it produced better result as compared to last quarter’s closing. The company’s cash flow from operation stood at negative $1.81 million as contrasted to last quarter’s cash flow from operation which was placed at negative $0.74 million. Decreased CFO shows that company generated less cash than its expenses. According to most recent financials as on September 30, 2010 total assets mount up to $36.84 million. Return on equity and return on assets both are decreasing. Total liabilities and total equity stand at $11.96million and $24.27billion respectively.
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