India Globalization Capital Clarifies The Voluntary Delisting Of Its Units

Bethesda, Feb. 6, 2013 (GLOBE NEWSWIRE) -- India Globalization Capital, Inc. (NYSE MKT: IGC)(NYSE Amex: IGC), a company competing in the rapidly growingmaterials and infrastructure industry in India and China, reportedearlier today that it was voluntarily delisting its units from theNYSE MKT. 

Ram Mukunda CEO said: "We are not delisting the common stock orthe warrants.  We are voluntarily delisting only the UNITSbecause almost all the UNITS have been split into common stock andwarrants.   If you hold a UNIT, please contact theCompany and we can lead you through the process of splitting yourUnits into common stock and warrants.  We are doing this tosave the burden of keeping something that barely tradeslisted."

About IGC:

Based in Bethesda, Maryland, India Globalization Capital, Inc.(IGC) is a materials and infrastructure company operating in Indiaand China.  We currently supply Iron ore to SteelCompanies operating in China.  For more information aboutIGC, please visit IGC's Web site at www.indiaglobalcap.com. For information about Ironman,please visit www.hfironman.net.

Forward-looking Statements:

Some of the statements contained in this press release that arenot historical facts constitute forward-looking statements underthe federal securities laws.  Forward-looking statementscan be identified by the use of the words "may," "will," "should,""could," "expects," "post", "plans," "anticipates," "believes,""estimates," "predicts," "intends," "potential," "proposed,""confident" or "continue" or the negative of thoseterms.  These statements are not a guarantee of futuredevelopments and are subject to risks, uncertainties and otherfactors, some of which are beyond IGC's control and are difficultto predict.  Consequently, actual results may differmaterially from information contained in the forward-lookingstatements as a result of future changes or developments in ourbusiness, our competitive environment, infrastructure demands, Ironore availability and governmental, regulatory, political, economic,legal and social conditions in China and India.

The Company undertakes no obligation to publicly update anyforward-looking statements, whether as a result of new information,future events, or otherwise.  Other factors and risksthat could cause or contribute to actual results differingmaterially from such forward-looking statements have been discussedin greater detail in IGC's Schedule 14A, Form 10-K for FYE 2012,Form 10-Q for the quarter ended September 30, 2012, Form S-3, andthe Post-effective Amendment No. 1 on Form S-3 to Form S-1 filedwith the Securities and Exchange Commission on December 9, 2011,July 16, 2012, November 14, 2012, December 14, 2012, and December26, 2012 respectively.

CONTACT: Investors Contact Information         Claudia Grimaldi         301-983-0998 

IGC