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East Indian Railway Company
The East Indian Railway Company, later known as the East Indian Railway (EIR), introduced railways to eastern and northern India, while the Companies such as the Great Indian Peninsular Railway, South Indian Railway, Central India Railway and the North-Western Railway operated in other parts of India. The company was established 1 June 1845 in London by a deed of settlement with a capital of £4,000,000,
largely raised in London.〔(Bangladepia )〕
== 1845–1849 ==
The first Board of Directors formed in 1845 comprised thirteen members and Rowland Macdonald Stephenson became the first Managing Director of the company.
Rowland Macdonald Stephenson (later Sir Rowland, but familiarly known as Macdonald Stephenson〔Diaries of George Turnbull (Chief Engineer, East Indian Railway Company) held at the Centre of South Asian Studies at Cambridge University, England〕) and three assistants travelled from England in 1845 and ''"with diligence and discretion"'' surveyed, statistically studied and costed the potential traffic for a railway route from Calcutta (the then commercial capital of India) to Delhi via Mirzapur. They assessed that the maximum cost of a twin-track line would not exceed £15000 per mile if the land was available without charge. The East Indian Railway Company was then formed and raised money in London. A contract was signed between the East India Company and the East Indian Railway Company on 17 August 1849, entitling the latter to construct and operate an "experimental" line between Calcutta and Rajmahal, long at an estimated cost of £1,000,000, which would be later extended to Delhi via Mirzapur.
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