IGC - India Globalization, Inc. (AMEX Stock)

[Volatile22]

This was an RU pick at 1.58. (see RU thread here)Current PPS is 1.77. This one is a low floater. Only 6.8 million floating shares. The Indian Government wants to inject some cash into roads and transportation and IGC is looking to capitalize off of this.

Today at 3:45 PM(EST) IGC is having a presentation. The presentation will be webcast RedChip - Discovering Tomorrow's Blue Chips Today. If they mention something about getting some sort of deal from the government this thing could fly late today and/or tomorrow.

India Globalization Capital, Inc. (IGC) is a construction and materials company engaged in business areas, 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. On March 7, 2008, the Company consummated the acquisition of 63% of the equity of Sricon Infrastructure Private Limited (Sricon) and 77% of the equity of Techni Bharathi Limited (TBL). Its subsidiaries include India Globalization Capital, Mauritius, Limited, Sricon Infrastructure Private Limited (Sricon), Techni Bharathi Limited (TBL) and IGC India Mining and Trading, Limited (IGC-IMT).

[Volatile22]

For all who are interested the presentation starts in 22 minutes. Potential for a mention of a new deal maybe?

Heres the link to the webcast:

http://www.redchip.com/visibility/co...age=livestream

IGC due up next at 3:45.

[Volatile22]

I tried my best to transcribe through chat what was said during the presentation. Here is what I wrote in chat. Its a bit choppy because i was typing on the fly so if you have any questions just ask. Might try to see if i can find a video of it.

11.6 million shares outstanding he just said so etrade is accurate
india plans to spend 500 billion on indian infrastructure
India has a very large market
very agressive busines plan
construction and material sides of business expanding
india 12 largest economy and plan to be 3rd largest in 30 years
so large growth potential
foreign investment in india has increased
india wants to increase GDP, building out indian infrastructure
so IGC benefits because they build roads, infrastrucure, blah blah blha
highway building and mining are specialties
building high temp factories also a specialty
they are talking about bidding on contracts
igc has a shipping hub which exports iron ore
india 2nd biggest exporter to china of iron ore
india 4th largest rock aggregate in the world
they want to build 10 rock quaries
they are in the process of building quaries
5 agreements with land orders (in regards to quaries)
they want to build construction side of company
15 million in revenue three years ago
30 million in revenue two years ago
last year 35 million in revenue
w/o finance crisis they would have 60 million in rev last year
They had 350 mil back log of contracts, some contracts given up though because some india companies suffered and had to retract contracts.
23 million share holder equity
only major india company that trades on a US exchange
in the next 3 to 4 years they plan on making 100 to 150 in revenue

[Aufan 1983]

Nice work Vol...... thanks!!!

Wow their revenue is much higher than I expected. Did he happen to mention what kind of profit was turned in any of those years?

If I ever get the chance I will do some more digging into the company. Also planning to touch base with Ru and see what he might know about the company.

[Volatile22]

No problem, I hope it was helpful. He didnt really specify profits, from what i remember. He did mention liabilities but from what i remember i think it was like 12 or 14 million. so that would keep them in the green.

[CatFish]

great volume and a nice climb on IGC today. up 17.75%. volume 1,463,295 when the average volume is only 323,582. i look forward to tomorow. hopefully it keeps up the momo

[Natflav]

Still making money on this slow creeper....Anyone else still in or sell out on the peaks yesterday?

[justin_502]

I got out at 1.90 and took a loss, got tired of trading sideways. Of course when I got out it jumped lol! Should of lisented to CaribbeanCat and been more paitence.

[paperchase]

Indian Globalization Capital Wins Chinese Iron Ore Contract Valued at $1.8 Million
9:30a ET October 19, 2009 (Market Wire)
India Globalization Capital, Inc. (NYSE Amex: IGC), a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded an iron ore supply contract worth $1.8 million. The third in a recent series of contracts with Chinese companies, the order totals 40,000 metric tons (mT) of iron ore.

"This third order will ship out of the port in Goa on the west coast of India," said Ram Mukunda, Chief Executive Officer of India Globalization Capital. "We are making rapid progress with our plans to operate out of our second shipping hub on the west coast at Goa. On the east coast of India we operate out of the Krishnapatnam port. We are excited and on plan about creating an ability to ship from both coasts of India as this will open up markets other than China."

Mr. Mukunda continued: "With a hat-trick of Chinese iron ore contracts totaling $6.5 million booked, we believe we are meeting our strategic goals and expect the tactical execution of potential operations within our materials business segment to drive long-term contracts and profitability. We have never been better positioned to take advantage of the growth in the materials marketplace in India and China, and we expect that our materials segment will sustain meaningful contributions to the company's operations and bottom line."

Iron ore's importance cannot be overstated. Iron ore, the main ingredient in steel used for construction, bridges and ships, is the most widely used of all metals, comprising 95% of the metal tonnage produced worldwide. In 2008, the market for iron ore totaled nearly $80 billion; and global use of finished-steel products has increased markedly since 2005, especially in countries with expanding infrastructure, like China, where steel demand has risen by more than 13% in recent years. China is the largest importer of iron ore, importing roughly half of the world's supply annually.

[paperchase]

India Globalization Capital Raises $2 Million in Debt Financing
8:11a ET October 22, 2009 (Market Wire)
India Globalization Capital (NYSE Amex: IGC), a company developing infrastructure in India, today announced that it raised $2 million in one-year debt financing with zero percent interest in exchange for a promissory note and 530,000 shares of unregistered common stock.

Ram Mukunda, CEO, stated: "The trends in the emerging markets and global commodities are highly favorable today. We are moving quickly to capitalize on these trends, by moving to high growth and high margin sectors. The demand for ore from our customers in China is growing rapidly. Over the past month, we have raised about $6 million in new capital in a combination of debt and equity financing. We will use this capital to demonstrate the revenue growth potential and earnings power we believe we have in our business units in India. We are deploying the capital to fill existing orders, accelerate contracts, and increase production and quality in our India-based construction, aggregate and iron ore businesses. The momentum being created will be evident in the quarter just ended and will extend over the balance of this fiscal year and into fiscal year 2011."

India Globalization Capital will report results for the second quarter of fiscal 2010 and hold a conference call to discuss these results in early November 2009.