- Adani Enterprises Secures ₹4,081 Crore Kedarnath Ropeway Project to Boost Pilgrimage Connectivity. Read more here...
Adani Enterprises has bagged a prestigious contract to build a 12.9-km ropeway linking Sonprayag to Kedarnath, a route that draws millions of pilgrims each year. The project, valued at ₹4,081 crore, has been cleared under the Government of India’s Parvatmala Pariyojana and will be executed in partnership with National Highways Logistics Management Ltd (NHLML).
The ropeway will replace the long and often gruelling trek to the temple with a 36-minute ride, cutting the journey time by almost nine hours, and when operational, it will move 1,800 passengers per hour in each direction, providing a safer and faster alternative to the current mix of walking trails, ponies, and helicopter rides.
From Trek to Technology: Transforming Kedarnath Access
Construction is expected to take six years, after which AEL will operate the ropeway for 29 years on a public-private partnership model. The system is likely to use Tri-cable Detachable Gondola (3S) technology, which offers stability and high capacity even in difficult mountain conditions.
Gautam Adani described the project as “a bridge between devotion and modern infrastructure,” adding that it will support local jobs and spur tourism-led development in Uttarakhand.
This adds to Adani Enterprises’ growing transport and logistics portfolio under its Roads, Metro, Rail, and Water (RMRW) division. Since debuting in roads and highways sector in 2018, the company has built a network of projects spanning over 5,000 lane kilometres across India, and this venture marks its first large-scale passenger ropeway.
Adani Enterprises Chart Analysis Today
- Current price: ₹2,392.50
- Support: ₹2,166, ₹2,000 if profit-taking deepens.
- Resistance: ₹2,674, followed by ₹3,193 if upside momentum strengthens.
Trade entry: Short-term traders may eye pullbacks into the ₹2,300-₹2,350 range as a potential entry if support holds. A close below ₹2,166 could tilt risk toward ₹2,000.
Adani Enterprises Stock Outlook
The Kedarnath ropeway project underlines Adani Enterprises’ transition from being an infrastructure incubator to a national-scale operator. Winning a contract of this size signals the company’s execution capability and financial strength at a time when the government is fast-tracking high-altitude connectivity.
If delivered on schedule, the project could become a flagship example of modern pilgrimage infrastructure, blending engineering scale with cultural significance, while adding a steady revenue stream to the company’s transport portfolio.
Adani Enterprises FAQs
Adani Enterprises secured the project with an estimated cost of ₹4,081 crore under the Government of India’s Parvatmala Pariyojana initiative.
Construction is expected to take six years.
A large-scale, long-term concession reinforces Adani Enterprises’ transport portfolio and adds a steady earnings stream, which could support positive sentiment for the stock over the medium term.
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