Adani Enterprises Secures Prestigious Kedarnath Ropeway Project
Adani Enterprises Limited (AEL) has been awarded a ₹4,081 crore project to construct a 12.9 km ropeway connecting Sonprayag to Kedarnath. The project, awarded by National Highways Logistics Management Ltd. (NHLML), will reduce pilgrimage travel time from 8-9 hours to 36 minutes. The ropeway will have a capacity of 1,800 passengers per hour in each direction. AEL will construct the project over 6 years and operate it for 29 years under a PPP model with revenue-sharing agreement. This project marks AEL's entry into the ropeway sector and aligns with the National Ropeways Development Programme.

*this image is generated using AI for illustrative purposes only.
Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has been awarded a significant infrastructure project that promises to transform pilgrimage travel to one of India's most revered shrines. The company has received a Letter of Award (LoA) from the National Highways Logistics Management Ltd. (NHLML) for the construction of a ropeway connecting Sonprayag to Kedarnath.
Project Details
The ambitious project, valued at ₹4,081.00 crore, will be executed by AEL's Roads, Metro, Rail, and Water (RMRW) division. The 12.9 km ropeway is set to dramatically reduce travel time for pilgrims, cutting the journey from a strenuous 8-9 hour trek to a mere 36 minutes.
Key features of the project include:
- Capacity to transport 1,800 passengers per hour in each direction
- Total project duration of 6 years for construction
- 29-year operational period for AEL post-construction
- Development under Public-Private Partnership (PPP) model
- Revenue-sharing agreement with NHLML
Impact on Pilgrimage and Tourism
The Kedarnath ropeway project is expected to have a significant impact on religious tourism in the region. Kedarnath, which currently receives approximately 20 lakh pilgrims annually, will become more accessible to devotees. This improved accessibility is likely to boost tourism and create new employment opportunities in Uttarakhand.
Strategic Importance
For Adani Enterprises, this project marks its entry into the ropeway sector, expanding its infrastructure portfolio. The project aligns with the National Ropeways Development Programme – Parvatmala Pariyojana, showcasing the company's involvement in key national infrastructure initiatives.
Executive Commentary
Gautam Adani, Chairman of the Adani Group, emphasized the project's significance beyond its engineering aspects. He stated, "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 through our partnership with NHLML and the Government of Uttarakhand."
Company Background
Adani Enterprises Limited has a track record of incubating and developing infrastructure businesses across various sectors. The company has previously built and divested successful entities in ports, energy solutions, power generation, green energy, and natural gas distribution. AEL's current focus areas include green hydrogen ecosystem, airport management, data centers, roads, and primary industries such as copper and petrochemicals.
In the roads and highways sector, AEL has built a portfolio of 14 projects covering over 5,000 lane kilometers since its entry in 2018. The company works on projects driven by the National Highways Authority of India (NHAI), the Ministry of Road Transport and Highways (MoRTH), and other central and state authorities.
The Kedarnath ropeway project represents a significant milestone in AEL's infrastructure development journey, combining technological advancement with cultural and religious significance.
Historical Stock Returns for Adani Enterprises
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.36% | +3.14% | +2.13% | +5.80% | -20.15% | +725.99% |