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The first commercial train journey in India between Bombay and Thane on 16 April 1853 in a 14 carriage long train drawn by 3 locomotives named Sultan, Sindh and Sahib. It was around 21 miles in length and took approximately 45 minutes.
Indian Railway
1849-1868 The Early Guarantee System: Under these contracts the Railway Companies undertook to construct and manage specified lines, while the East India Company (or the Secretary of State for India) agreed to provide land and guaranteed interest on the capital, the rate fixed being in various cases 5, 4.75 and 4.5 percent according to the market rates prevailing when the various contracts were made.
Indian Railway