SOURCE: India Globalization Capital, Inc.

India Globalization Capital, Inc.

August 06, 2009 09:25 ET

India Globalization Capital Ranks as Top Percentage Gainer on NYSE AMEX

BETHESDA, MD--(Marketwire - August 6, 2009) - India Globalization Capital, Inc. (NYSE Amex: IGC), a company competing in the rapidly growing materials and infrastructure industry in India, today announced that yesterday it was one of the leading percentage gainers on the New York Stock Exchange -- American Stock Exchange (NYSE AMEX) on Wednesday, August 5th, 2009. Shares of India Globalization Capital, Inc. (IGC) closed at $1.60, a closing gain of 26 percent on the day, with an intraday high $1.74.

For more information on India Globalization Capital please visit: www.indiaglobalcap.com.

About:

India Globalization Capital, Inc. is an infrastructure and materials company operating in India that builds roads, bridges and highways, and provides materials to the infrastructure industry in India and China.

The Company has offices in Maryland, Mauritius, Nagpur, Cochin, Delhi, and Bangalore. Copies of the form S-3 and India Globalization Capital's other filings with the SEC containing information about India Global Capital, our Indian operations, and other relevant documents are available at no charge on the SEC's website (http://www.sec.gov).

Forward-Looking Statements:

This press release may contain forward-looking statements. These statements reflect management's current views and are subject to risks and uncertainties that could cause actual results to differ materially from those projected, expressed or implied in these statements. Factors that could cause actual results to differ, relate to: (i) ability of the parties to successfully execute on contracts and business plans, (ii) ability to raise capital and the structure of such capital including the exercise of warrants, and (iii) exchange rate changes between the U.S. dollar and the Indian Rupee. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. Other factors and risks that could cause or contribute to actual results differing materially from such forward-looking statements have been discussed in greater detail in the company's definitive proxy statement and supplement filed with the SEC and incorporated by reference into the Form S-3.

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