PARIS: French train manufacturer Alstom said it expects to stop cash burn this financial year, mainly due to the acquisition of train operations from Canadian rival Bombardier Inc, according to a Bloomberg report. Alstom, on Wednesday, reported capping its cash drain at 992 million euros ($1 billion) in the year through the end of March after reporting positive cash flow in
Alstom has rolled out the first of 30 six-car electric trains that it is supplying for the Delhi - Ghaziabad - Meerut corridor, part of the RRTS project.
The first trainset of India's first Regional Rapid Transport System (RRTS), that will run on the Delhi-Ghaziabad-Meerut route, was handed over to the National Capital Region Transport Corporation (NCRTC) at the manufacturing facility located at Savli in Gujarat on Saturday.