Indian Branch Railway
The Indian Branch Railway (IBR) was formed in 1862 to construct short branches and feeder lines in northern India, with a 20-year subsidy from the Government of India(GoI) but no guarantee.
In 1866, it began construction of a Metre Gauge(MG)) line between Lucknow-Kanpur, completed the following year. Without a guaranteed return from the Government of India(GoI), the IBR found it impossible to continue and in 1867, secured a new contract from the GoI on terms similar to those on offer in the 1850s i.e. a guaranteed return on capital employed.