India Globalization Capital, Inc. (IGC) is a construction and engineering company based out of Bethesda, Maryland. IGC has controlling interest in two India-based businesses, Sricon Infrastructure Private Limited and Techni Bharathi Limited, which form its company infrastructure. Interestingly, IGC is the only company listed and traded in the US with an India-only infrastructure.
IGC was created to acquire operating businesses in India through mergers, capital stock exchanges, and asset acquisitions. The company focuses on three areas: civil construction and engineering of high-temperature cement and steel plants, mining and quarrying, and the construction of highways and other heavy construction.
IGC retains 63% of the equity of Sricon Infrastructure Private Limited, an infrastructure development company based in Nagpur, Maharashtra, India. At this time, Sricon operates 5 quarries from which it obtains construction aggregate. Sricon has participated in civil engineering construction projects since 1974 and now has the experience and qualifications to bid on contracts of up to $116 million.
IGC holds 77% of the equity of Techni Bharathi Limited, which is based out of Kerali, India. Techni is an engineering and construction company focused on developing the national infrastructure in India through the construction of roads, tunnels, canals, bridges, dams, airport taxiways, and hydro-power generation. Techri primarily works in the Indian states of Andhra Pradesh, Tamil Nadu, Karnataka, and Assam.
As India continues to be a major resource for out-sourcing services for U.S. companies, IGC will be there to support the construction of the country.
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