Holcim's $ 1.1 bn buyback following exceeding expectations

04 Mar 2024 CW Team

Holcim announced that it would initiate a share buyback of 1 billion Swiss francs ($1.14 billion) by the end of the year. This decision followed the building materials giant's fourth-quarter earnings report, which exceeded forecasts.

The Swiss cement maker, which had previously disclosed its intention to spin off its rapidly expanding American business, expressed confidence after achieving a record annual operating profit. This success was attributed to efficiency improvements and price hikes.

For the fourth quarter, Holcim reported a recurring operating profit of 1.12 billion Swiss francs, slightly surpassing the anticipated 1.07 billion francs according to analysts. Sales also experienced a 2.1% increase, reaching 6.6 billion francs, in contrast to the analysts' forecast of 6.5 billion francs.

In pre-market trading in Zurich, shares witnessed a 2.6% increase.

Infrastructure Transport

30 Oct 2025

RVNL wins North Eastern Railway bridge project worth Rs 1.66 billion

Rail Vikas Nigam Limited (RVNL) announced on 27 October that it has emerged as the lowest bidder (L1) for a significant infrastructure project awarded by the North Eastern Railway, as part of its routine business operations. The project involves the construction of the substructure for Important Bridge No. 50, which will comprise 14 spans of 61 metres each. It will feature a Double D-type well foundation designed for a double line and adhere to the RDSO 25T axle loading standard. The bridge will be built over the river Gandak, situated between Paniyahwa and Valmikinagar stations, as part of ..

Northern Railways plans direct Kashmir link with India

Following the successful launch of twin Vande Bharat trains on the Srinagar–Katra route, marking the completion of the Udhampur–Srinagar–Baramulla rail link in June, Northern Railways is now working towards providing direct rail connectivity between Kashmir and the rest of the country, an official has confirmed. Senior Divisional Commercial Manager of the Jammu Division, Uchit Singhal, said that efforts are underway to resolve operational and security challenges to achieve this milestone for Jammu and Kashmir. Speaking to PTI after introducing a two-minute stoppage for the semi-high-sp..

Railway Board approves new station at Nedumbassery airport

The Railway Board has approved the construction of a new railway station at Nedumbassery, fulfilling a long-standing demand from air passengers using the Cochin International Airport. Union Minister George Kurian’s office announced on Wednesday that the decision marks a major step towards enhancing rail connectivity to the airport, which serves as one of southern India’s key transport hubs. According to the statement, Kurian had earlier met Railway Minister Ashwini Vaishnaw, who assured him that the project would be expedited. The plan gathered momentum following Vaishnaw’s visit last ..