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India Globalization Capital, Inc. Message Board

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  • critz_d critz_d Jul 27, 2009 1:20 PM Flag

    Rock Quarry Business

    what is the quarry for??is it for road building?as in dot limerock?for the base in road building?its what yu lay asphalt over on our american roads.if this is the case,and india starts building new roads in good order.a baserock mining outfit can make astronomical ,huge amounts of money.i worked in one in florida and when roads are being built these mines run 24/7$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

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    • they said that they are going to build 10-15 quarries in states with heavy construction activity. Once built out, the quarries are expected to generate between $25 million and $35 million of annual revenue with net margins in the 25%-30% range. that means at the low end if its 10 quarries generating 25m revs at 25% margin thy will have 250m revs and 62.5m profit(6.19eps). if it is at the high end and is 15 quarries generating 35m in revs with a 30% margin they would produce 525m revs and 157.5m profit(15.60eps).

      may12 igc got a 2.2m contract
      june3 igc got a 2.6m contract
      july21 igc got a 2.1m contract

      total of 6.9m in revs with 25-30% margins. that means 1.725m-2.07m profit. that makes .17-.21eps.

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