NOTE 21 - ACCOUNTS RECEIVABLES	3 Months Ended
Jun. 30, 2012
Certain Aged Receivables [Text Block]	NOTE 21 – ACCOUNTS RECEIVABLES IGC has access to about INR 140 million ($2.5 million at an exchange rate of 55 INR to 1 USD) in funds held by the High Court in Delhi after its subsidiary TBL won an arbitration award. The amount deposited by the National Highway Authority of India (NHAI) pursuant to an order dated April 10, 2012 by the High Court, includes the award principal and the corresponding interest. IGC has to provide the High Court with a letter of credit, as is customary in India, to have immediate access to the full $2.5 million. From the conservative accounting perspective, the corresponding receivable from Delhi High Court has been accounted only to the extent of the principal amount. As of June 30, 2012, the accounts receivable includes $1.35 million relating to principal amount of this particular award of claim. The company is confident of receiving the entire amount (approx.$2.5 million) together with the accumulated interest within the current fiscal year.

NOTE 21 - ACCOUNTS RECEIVABLES

3 Months Ended

Jun. 30, 2012

NOTE 21 – ACCOUNTS RECEIVABLES

IGC has access to about INR 140 million ($2.5 million at an exchange rate of 55 INR to 1 USD) in funds held by the High Court in Delhi after its subsidiary TBL won an arbitration award. The amount deposited by the National Highway Authority of India (NHAI) pursuant to an order dated April 10, 2012 by the High Court, includes the award principal and the corresponding interest. IGC has to provide the High Court with a letter of credit, as is customary in India, to have immediate access to the full $2.5 million.

From the conservative accounting perspective, the corresponding receivable from Delhi High Court has been accounted only to the extent of the principal amount. As of June 30, 2012, the accounts receivable includes $1.35 million relating to principal amount of this particular award of claim. The company is confident of receiving the entire amount (approx.$2.5 million) together with the accumulated interest within the current fiscal year.