GATX INDIA PRIVATE LIMITED FLAGS OFF 10,000TH WAGON
GATX India Private Limited (“GIPL”), a subsidiary of Chicago-based GATX Corporation (NYSE: GATX), achieved a significant milestone with the delivery of its 10,000th wagon on 10th July 2024.
The flag-off ceremony, held at Bandel Rail Siding in Kolkata, was officiated by Mr. Sanjeev Kumar, Divisional Railway Manager, Howrah, Indian Railways. This momentous occasion was also attended by prominent business partners including Mr. Dinesh Shastri, Managing Director, TM International Logistics Limited and Mr. Vivek Lohia, Managing Director, Jupiter Wagons Limited.
“The flag-off of our 10,000th railcar is more than just a milestone; it’s a meaningful signal of GIPL’s future trajectory. This achievement fuels our momentum and positions us to keep pace with India's growing freight rail industry,” said Saurabh Sood, President and Managing Director of GIPL. “We express our sincere gratitude to the Indian government and Indian Railways for fostering a supportive environment that has enabled our growth and to our business partners and employees who have all contributed to the success of GIPL.”
Robert C. Lyons, President and Chief Executive Officer of GATX Corporation, added, “This accomplishment reflects GIPL’s dedication to serving the Indian market and its commitment to providing innovative and efficient freight rail transportation solutions.”
ABOUT GIPL AND GATX:
GIPL began operations in India in 2012 as the first company registered to lease wagons under the Indian Railways Wagon Leasing Scheme. Since then, GIPL has grown its fleet substantially and is the largest private lessor of railcars in India, serving a variety of industry segments.
At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919.