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Adani Enterprises Ltd. (AEL), the flagship incubator of the Adani Group, has received a letter of award (LoA) from the National Highways Logistics Management Ltd (NHLML) to build a ropeway between Sonprayag and Kedarnath at an investment of ₹4,081 crore.
The project, spanning 12.9 kilometres, will be executed by AEL’s roads, metro, rail, and water (RMRW) division. Once operational, it will reduce the journey to the Himalayan shrine from an 8-9 hour trek to just 36 minutes of scenic airborne travel. The ropeway will have a carrying capacity of 1,800 passengers per hour per direction, catering to the nearly 20 lakh pilgrims who visit Kedarnath annually.
Being developed under the National Ropeways Development Programme – Parvatmala Pariyojana, the project will follow a public-private partnership (PPP) model on a revenue-share basis with NHLML. It is expected to be completed in six years, after which AEL will operate it for 29 years.
Calling it a bridge between devotion and modern infrastructure, Gautam Adani, Chairman of the Adani Group, said, "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. This prestigious project reflects our commitment to building infrastructure that not only serves the nation but also uplifts its people.”
The shares of the Adani Group company ended almost half a percent in the red on the session on Monday (September 15). The stock has fallen close to 7% in the year so far.
ALSO READ | Adani Power wins 2,400 MW thermal power project in Bihar’s Bhagalpur
The project, spanning 12.9 kilometres, will be executed by AEL’s roads, metro, rail, and water (RMRW) division. Once operational, it will reduce the journey to the Himalayan shrine from an 8-9 hour trek to just 36 minutes of scenic airborne travel. The ropeway will have a carrying capacity of 1,800 passengers per hour per direction, catering to the nearly 20 lakh pilgrims who visit Kedarnath annually.
Being developed under the National Ropeways Development Programme – Parvatmala Pariyojana, the project will follow a public-private partnership (PPP) model on a revenue-share basis with NHLML. It is expected to be completed in six years, after which AEL will operate it for 29 years.
Calling it a bridge between devotion and modern infrastructure, Gautam Adani, Chairman of the Adani Group, said, "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. This prestigious project reflects our commitment to building infrastructure that not only serves the nation but also uplifts its people.”
The shares of the Adani Group company ended almost half a percent in the red on the session on Monday (September 15). The stock has fallen close to 7% in the year so far.
ALSO READ | Adani Power wins 2,400 MW thermal power project in Bihar’s Bhagalpur
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