Adani Enterprises receives LoA for ropeway project between Sonprayag and Kedarnath, to invest Rs 4,081 crore

Adani Enterprises receives LoA for ropeway project between Sonprayag and Kedarnath, to invest Rs 4,081 crore

Adani Enterprises Ltd. (AEL), the flagship arm of the Adani Group, has received a Letter of Award (LoA) from the National Highways Logistics Management Ltd. (NHLML) for building the ropeway project connecting Sonprayag with Kedarnath. The project will be executed by AEL’s Roads, Metro, Rail, and Water (RMRW) division and the firm said it will invest Rs 4,081 crore.

"Once operational, the 12.9 km ropeway project will reduce travel time from an arduous 9-hour trek to just 36 minutes, making the pilgrimage far easier and safer. The ropeway will be able to carry 1,800 passengers per hour per direction, serving lakhs of pilgrims each year. Kedarnath witnesses around 20 lakh pilgrims annually, highlighting the importance of this project," said Adani Enterprises in a stock exchange filing.

The ropeway is part of the National Ropeways Development Programme – Parvatmala Pariyojana. Developed on a Public-Private Partnership (PPP) basis, the project will take six years to complete and AEL will operate it for 29 years after construction. Along with improving

connectivity, the project is expected to create jobs and boost tourism in the region.

“The Kedarnath ropeway is more than an engineering project – it is a bridge between devotion and modern infrastructure,” said Mr Gautam Adani, Chairman of the Adani Group. “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.”

On September 15, Adani Enterprises shares on BSE closed 0.5% lower at Rs 2,381 apiece.