Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has received approval for a groundbreaking ropeway project that will revolutionize access to the sacred Kedarnath shrine. The company has been awarded a Letter of Award (LoA) from the National Highways Logistics Management Ltd. (NHLML) for the construction of a 12.9 km ropeway connecting Sonprayag to Kedarnath.

Project Details

Significance and Impact

The Sonprayag-Kedarnath ropeway project is set to transform the pilgrimage experience for the millions of devotees who visit the Kedarnath shrine annually. Currently, pilgrims face an arduous 9-hour trek to reach the temple. Once operational, the ropeway will drastically reduce this journey to a mere 36 minutes, making the pilgrimage significantly easier and more accessible.

Gautam Adani, Chairman of the Adani Group, emphasized the project's importance: "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."

Project Execution and Partnership

The project will be executed under AEL's Roads, Metro, Rail, and Water (RMRW) division. It is being developed on a Public-Private Partnership (PPP) model, with AEL sharing revenue with NHLML. This collaboration underscores the company's commitment to nation-building and infrastructure development.

Economic and Tourism Impact

Beyond improving accessibility for pilgrims, the ropeway project is expected to have significant economic benefits:

1. Job Creation: The construction and operation of the ropeway will generate employment opportunities in the region.
2. Tourism Boost: Enhanced accessibility is likely to increase the number of visitors to Kedarnath, potentially surpassing the current annual footfall of around 20 lakh pilgrims.
3. Regional Development: The project aligns with the National Ropeways Development Programme – Parvatmala Pariyojana, aimed at improving connectivity in hilly areas.

Adani Enterprises' Infrastructure Portfolio

This ropeway project marks Adani Enterprises' entry into the ropeway sector, expanding its already diverse infrastructure portfolio. The company's RMRW division, established in 2018, has built a significant presence in the roads and highways sector with 14 projects covering over 5,000 lane kilometers under various models.

As Adani Enterprises continues to diversify its infrastructure investments, the Sonprayag-Kedarnath ropeway project represents a significant step in combining technological innovation with cultural and spiritual significance, potentially setting a new standard for infrastructure development in challenging terrains.

Adani Enterprises Limited (AEL) has announced a significant move in the infrastructure sector through its wholly-owned subsidiary, Adani Road Transport Limited (ARTL). The company is set to acquire a 100% stake in D P Jain TOT Toll Roads Private Limited (DPJTOT), marking a substantial expansion in its road infrastructure portfolio.

Key Details of the Acquisition

• Agreement Date: September 11, 2025
• Parties Involved:
  • Adani Road Transport Limited (Acquirer)
  • D P Jain TOT Toll Roads Private Limited (Target)
  • D P Jain & Co Infrastructure Private Limited
  • DPJ-DRA Tollways Private Limited
• Transaction Value: Enterprise Value not exceeding INR 1,342.00 crores as of September 30, 2025
• Stake Acquisition: 100% stake in DPJTOT

Transaction Highlights

The Share Purchase Agreement (SPA) was executed on September 11, 2025, as disclosed by Adani Enterprises to the stock exchanges. This strategic move aligns with Adani Group's ongoing efforts to strengthen its presence in the infrastructure sector, particularly in road transportation.

Regulatory Compliance and Transparency

Adani Enterprises has ensured full compliance with regulatory requirements by promptly disclosing the details of the transaction. Key points from the regulatory filing include:

• The transaction is subject to customary conditions and regulatory approvals.
• Adani Enterprises had no prior shareholding in DPJTOT at the time of agreement execution.
• The deal does not fall under the category of related party transactions.

Impact and Outlook

This acquisition is expected to bolster Adani Road Transport Limited's position in the toll road sector. While specific details about DPJTOT's assets and operations were not disclosed, the substantial transaction value suggests a significant addition to ARTL's infrastructure portfolio.

Market Implications

The move reflects the Adani Group's continued focus on expanding its infrastructure footprint across India. As the transaction progresses through regulatory channels, market observers will be keen to see how this acquisition fits into Adani Enterprises' broader strategy for growth in the transportation and infrastructure sectors.

Investors and stakeholders will likely monitor the integration process and the potential impact on Adani Enterprises' financial performance in the coming quarters. The successful completion of this deal could signal further expansion plans in the road infrastructure segment for the Adani Group.