Adani Enterprises Share Price in Focus; to Build ₹4,081 Cr Sonprayag-Kedarnath Ropeway Project

Adani Enterprises Ltd has secured the prestigious Sonprayag-Kedarnath ropeway project from National Highways Logistics Management. With an investment of ₹4,081 crore, the 12.9 km ropeway will transform the pilgrimage experience, slashing travel time and enhancing connectivity to the holy shrine.

Adani Enterprises’ Ropeway for Kedarnath

Adani Enterprises, through its Roads, Metro, Rail, and Water division, will construct the 12.9 km ropeway under the National Ropeways Development Programme – Parvatmala Pariyojana.

Built under a Public-Private Partnership (PPP) model, the project is designed to significantly improve accessibility for lakhs of pilgrims.

Faster, Safer Pilgrimage

Currently, devotees face a 9-hour trek to Kedarnath. Once completed, the ropeway will shorten the journey to just 36 minutes. With a carrying capacity of 1,800 passengers per hour per direction, the system will comfortably serve the nearly 20 lakh pilgrims who visit annually.

Investment and Operations

The ropeway requires an investment of ₹4,081 crore and is expected to take 6 years to construct. After completion, Adani Enterprises will operate the project for 29 years, ensuring long-term management, safety, and efficiency.

Beyond religious significance, the project is poised to bring economic benefits to Uttarakhand. It is expected to generate employment opportunities during construction and operation while giving a major boost to local tourism and allied businesses.

Adani Enterprises’ Commentary

Gautam Adani, Chairman of the Adani Group, called the Kedarnath ropeway a “bridge between devotion and modern infrastructure.” He emphasized that the project will not only make the sacred journey safer and more accessible but also create new opportunities for the people of Uttarakhand in partnership with the state government and NHLML.

Adani Enterprises Share Price Performance

Adani Enterprises’ share price was at ₹2,399.00, up 0.65% (+₹15.60) at 09:37 AM on the NSE. The stock opened stronger at ₹2,410.00, with an intraday high of ₹2,415.80 and a low of ₹2,388.00. The VWAP stood at ₹2,399.97 against a previous close of ₹2,383.40.

Read More: Adani Group Recent Acquisitions: Bid for JP Associates, Vidarbha Industries, Abbot Point Port and More in H1 2025.

Conclusion

The Sonprayag-Kedarnath ropeway project marks a significant development in Uttarakhand’s infrastructure, blending modern technology with religious tourism. For Adani Enterprises, it adds another milestone to its expanding infrastructure portfolio, while for devotees, it promises a safer and faster journey.

As construction progresses, the project will be closely watched for its impact on connectivity, tourism, and the company’s long term growth trajectory.

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