India Globalization Capital awarded $1.8M contract
India Globalization Capital, Inc. (NYSE Amex: IGC) announced that the company has been awarded an iron ore supply contract worth $1.8 million.
The press release is quoted as saying
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.
Click here to access the entire press release
Click here to access India Globalization Capital’s Corporate Site
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Wed, Oct 21, 2009
Post by Melissa Pistilli, Iron Senior Reporter