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The '''Sind, Punjab and Delhi Railway''' (SPDRSP&DR) was formed from the [[Sind Railway]], the [[Punjab Railway]] and the [[Indus Flotilla]], and inherited from its constituents the unfortunate reputation as being the worst managed of the early private companies.

Given its reputation in the 1860s and 1870s for discord, shady and/or inept contractors and financial irregularities, it is surprising that the SPDR did not pass into Government ownership sooner than 31 December 1885. After its purchase, the Government merged the SPDR SP&DR with the [[Southern Punjab Railway]] to form the [[North Western Railway]].