India Globalization Capital (IGC) Wins $2.2 Million Arbitration Award
U.S. Newswire, May, 2009
To: FOREIGN EDITORS
Contact: John Selvaraj of the India Globalization Capital, Inc., 1-301-983-0998, info@indiaglobalcap.com
An Additional $22 Million of Similar Claims are in Process.
BETHESDA, Md., May 12 /PRNewswire-FirstCall/ -- India Globalization Capital, Incorporated (Amex: IGC) a company competing in the rapidly growing infrastructure industry in India announced it has won an arbitration award of approximately $2.2 million (approximately INR 109 million including interest) from an earlier "delay claim" made against the National Highway Authority of India.
In October 2007, we filed a "delay claim" against the National Highway Authority of India (NHAI), which went to arbitration. The original claim, with modifications, was about $2.8 million. On...
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