Adani Enterprises Wins ₹4,081 Crore Kedarnath Ropeway Project

Ahmedabad, September 15, 2025 — In a positive turn of events Adani Enterprises Ltd (NSE: ADANIENT, BSE: 512599) has won a Letter of Award (LoA) to construct its inaugural ropeway project from Sonprayag to Kedarnath, investing ₹4,081 crore via its Roads, Metro, Rail, and Water (RMRW) business. The Public-Private Partnership venture will be completed in six years and will run for 29 years subsequent to the building process.

Project Details and Strategic Significance

The ropeway will measure 12.9 kilometers, cut the existing 8-9 hour trekking distance to 36 minutes, and carry 1,800 passengers per hour in one way. Once operational, it will greatly improve access to Kedarnath, a pilgrimage site that attracts around 20 lakh pilgrims annually. The project comes under the National Ropeways Development Programme of the Parvatmala Pariyojana. It is likely to create huge employment locally and promote tourism in Uttarakhand.

Chairman Gautam Adani called the project “a bridge between devotion and modern infrastructure”, emphasizing its role in making the Kedarnath journey safer and more accessible while creating new opportunities for the people of Uttarakhand.

Stock Performance at Close

Adani Enterprises stocks on BSE closed marginally down at ₹2,381 on September 15, 2025. Going by market numbers, the stock is in a range with a 52-week high of ₹3,211 and a 52-week low of ₹2,025. The market capitalization of the company is around ₹2,75,468 crore, indicating investor reaction post the award declaration.

Key Takeaway

This ropeway project enhances Adani Enterprises’ infrastructure credentials, as connectivity and tourism infrastructure are top of mind for state and central governments at a time when building connectivity is a priority. With the order in hand and operations guaranteed over decades, the company’s profile and growth prospects in the infrastructure space look much better.

About Adani Enterprises

Adani Enterprises is the flagship incubator of the Adani Group, credited with nurturing several large listed entities across ports, energy, power, gas, and FMCG. The company has diversified into roads, airports, data centers, green hydrogen, and primary industries such as copper and petrochemicals, building long-term scalable businesses.

REF: https://nsearchives.nseindia.com/corporate/ADANIENT_15092025162011_AELIntimationforMediaRelease15092025_1.pdf

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