ALPHA LEASE
Alpha Lease was one of the early entrants and has grown to become a leading lessor with a fleet of over 100 locomotives on lease to multiple operators.

PLATINA RAIL LEASING
Established in 2012, Platina focuses exclusively on leasing locomotives to rail freight operators. It has a fleet of 50+ locomotives.

JP PowerVentures
A subsidiary of JP Group, JP PowerVentures has a fleet of around 30 electric and diesel locomotives on lease.

Other players like Srei Infrastructure Finance also lease locomotives besides their main equipment financing business.

Growing Role of PPPs and Locomotive Fleets on Lease

Realizing that leasing can help address the shortage of Locomotive Leasing , Indian Railways and several state governments are exploring the PPP model. Private partners are responsible for sourcing the required fleets which are then leased to the public entities.

For example, the Kolkata Metro Rail Corporation (KMRC) leased 20 metro rail locomotives for a period of 15 years from BEML under a PPP agreement.

Similarly, the Dedicated Freight Corridor Corporation of India (DFCCIL) has leased 20 diesel locomotives from Alpha Lease to haul freight on the Eastern DFC route.

Challenges Facing Growth of Locomotive Leasing

While leasing provides advantages, certain challenges need to be addressed for tapping its full potential:

Lengthy Tendering and Approvals
The public procurement process for leasing tenders can be lengthy, delaying fleet induction. Streamlining this can boost investment.

Access to Finance
Though improving, locusomotive lessors still find it difficult to raise long-term debt at competitive rates for asset-intensive businesses.

Standardization of Lease Terms
Lease agreements lack uniformity across agencies leading to lengthy negotiations. Standard documents can expedite deals.

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