India Globalization Capital Begins Iron Ore Shipments

India Globalization Capital, Inc. (NYSE Amex: IGC) announced that it has begun its shipment of iron ore for its contracts.

The press release is quoted as saying:

The Company has begun shipping Iron Ore from Orissa, India for one of its customers. As a result of continued monsoon rains in the Karnataka and Goa region of India, affecting ports from which IGC operates, the Company has moved some of its operations to the East Coast of India and has initiated servicing one customer from Vizag in Andra Pradesh. The iron ore grade being shipped is FE 63.5%.

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