Adani Enterprises Ltd. (AEL), the primary incubator of the Adani Group, has been awarded a letter of award (LoA) by the National Highways Logistics Management Ltd (NHLML) to construct a ropeway connecting Sonprayag and Kedarnath with an investment of ₹4,081 crore. The project, which will cover a distance of 12.9 kilometres, will be carried out by AEL’s roads, metro, rail, and water (RMRW) division. Once it becomes operational, the journey to the Himalayan shrine will be shortened from an 8-9 hour trek to merely 36 minutes of picturesque airborne travel. The ropeway is designed to accommodate 1,800 passengers per hour in each direction, serving the nearly 20 lakh pilgrims who visit Kedarnath each year. Developed under the National Ropeways Development Programme – Parvatmala Pariyojana, this project will operate under a public-private partnership (PPP) model based on revenue sharing with NHLML. It is anticipated to be completed within six years, after which AEL will manage it for a duration of 29 years. Describing it as a connection between devotion and contemporary infrastructure, Gautam Adani, Chairman of the Adani Group, remarked, “By making this sacred journey safer, faster, and more accessible, we honour the faith of millions while creating new opportunities for the people of Uttarakhand through our collaboration with NHLML and the government of Uttarakhand. This esteemed project exemplifies our dedication to constructing infrastructure that not only benefits the nation but also elevates its citizens.” On Monday (September 15), the shares of the Adani Group company closed nearly half a percent lower during the trading session. The stock has experienced a decline of approximately 7% so far this year.
