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News Topical, Digital Desk : Adani Enterprises, a major company of the Adani Group, informed the exchange after the stock market closed on Monday that the company has received a big project in Uttarakhand. The company said that Adani Enterprises has received a Letter of Award (LoA) for the Kedarnath ropeway project. An investment of Rs 4081 crore will be made in this project. The company has received this order from National Highway Logistics Management Limited (NHLML).
In the information given to the exchange, it has been said that this ropeway project will be built between Sonprayag and Kedarnath and it is targeted to be completed in 6 years. After the completion of the project, the journey will become more safe, smooth and convenient for the pilgrims traveling.
12.9 km long ropeway The company said that this ropeway will be 12.9 km long between Sonprayag and Kedarnath. After the completion of this project, the travel time will be reduced from 8 to 9 hours to just 36 minutes. The capacity of the ropeway will be 1800 passengers per hour per direction. This project will be developed in PPP (Public-Private Partnership) mode, in which partnership will be done with NHLML (National Highways Logistics Management Ltd.) under the revenue sharing model. This ropeway project is part of the National Ropeway Development Program - Parvatmala Project. Gautam Adani, Chairman, Adani Group said, "Kedarnath Ropeway is not just an engineering project - it is a bridge between devotion and modern infrastructure. By making this holy journey safe, fast and easy, we are honoring the faith of millions of devotees and creating new possibilities for the people of Uttarakhand. This prestigious project reflects our resolve to not only serve the country but also empower the people."
Share performance The company's stock closed at Rs 2,381 on Monday with a decline of 0.46 percent. In the last one year, the company's stock has seen a decline of 20.23 percent.
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