Adani Enterprises wins ₹4,081 crore Sonprayag-Kedarnath ropeway project
The project represents a substantial capital expenditure and a long-term operational agreement (29 years), promising significant future revenue streams and enhancing Adani Enterprises' position in the infrastructure sector. It also has a high social and economic impact on the region.
Adani Enterprises securing a substantial ₹4,081 crore infrastructure project, its first in the ropeway sector, indicates significant business growth and expansion into new areas, which is a positive development for the company.
* Adani Enterprises Ltd. (AEL) has received a Letter of Award (LoA) from National Highways Logistics Management Ltd. (NHLML) for building the prestigious 12.9 km ropeway project connecting Sonprayag with Kedarnath. * AEL will invest ₹4,081 crore in this project, which will be executed by its Roads, Metro, Rail, and Water (RMRW) division. * The ropeway is expected to reduce the arduous 8–9 hour trek to just 36 minutes, making the pilgrimage significantly easier and safer for the lakhs of pilgrims who visit Kedarnath annually (around 20 lakh pilgrims). * It will have the capacity to carry 1,800 passengers per hour per direction. * The project, developed under a Public-Private Partnership (PPP) model, is part of the National Ropeways Development Programme – Parvatmala Pariyojana. * Construction is projected to be completed in six years, after which AEL will operate the ropeway for 29 years. * Mr. Gautam Adani, Chairman of the Adani Group, commented, “The Kedarnath ropeway is more than an engineering project – it is a bridge between devotion and modern infrastructure. By making this sacred journey safer, faster and more accessible, we honour the faith of millions while creating new opportunities for Uttarakhand’s people through our partnership with NHLML and the Government of Uttarakhand.”
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Adani Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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