C O R R E C T I O N -- India Globalization Capital, Inc./

Thursday June 12, 12:42 pm ET

In the news release, India Globalization Capital, Inc. Awarded $103M Three-year Construction Contract for Building Rural Roads. Company Increases Backlog of Orders From $246M to $349M, issued 12-Jun-2008 by India Globalization Capital, Inc. over PR Newswire, we are advised by the company that the first paragraph, second sentence, should read "third quarter of 2008" rather than "second fiscal quarter of 2008" as originally issued inadvertently. The complete, corrected release follows:

India Globalization Capital, Inc. Awarded $103M Three-year Construction Contract for Building Rural Roads. Company Increases Backlog of Orders From $246M to $349M

BETHESDA, Md., June 12 /PRNewswire-FirstCall/ -- India Globalization Capital, Inc. (AMEX: IGC) changes in the exchange rate between the US 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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