Adani Enterprises: Company receives LoA for ropeway project between Sonprayag and KedarnathAdani Enterprises: Company receives LoA for ropeway project between Sonprayag and Kedarnath

Introduction

Leading infrastructure company has received a Letter of Award to build a 12.9 km ropeway connecting Sonprayag and Kedarnath. The project will reduce travel time, enhance pilgrim safety, and support tourism and job creation.

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Share price movement of Adani Enterprises

On September 16, 2025, Adani Enterprises Ltd opened at ₹2,419.60, up 1.52% from its previous close of ₹2,383.10. The stock reached a high of ₹2,419.60 and a low of ₹2,388.80. By 11:05 AM, it traded at ₹2,395.00, a 0.50% increase, with a market cap of ₹2,76,426.28 crore.

Adani Enterprises Secures LoA for Kedarnath Ropeway

Adani Enterprises Ltd. has received a Letter of Award from NHLML to build a 12.9 km ropeway connecting Sonprayag and Kedarnath. AEL’s RMRW division will execute the project.

The ropeway will reduce travel time from 8 – 9 hours to just 36 minutes. It will carry 1,800 passengers per hour per direction, serving the approximately 20 lakh annual pilgrims to Kedarnath.

The project will be developed under a PPP model with NHLML. It is expected to be completed in six years, with AEL operating it for 29 years, boosting tourism and creating jobs.

Recent news on Adani Enterprises

As of August 12, 2025, Adani Enterprises Ltd, through its JV Horizon Aero Solutions, signed an agreement with Prime Aero to acquire 100% stake in Indamer Technics Private Limited, expanding its aviation MRO capabilities.

Stock performance of Adani Enterprises for Period of 1 week, 6 months, and 1 year

Adani Enterprises Ltd delivered a 3.11% return over the past week, it gained 1.89% in the past six months. The stock declined 20.2% over the past year.

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Shareholding pattern of Adani Enterprises

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	74.00%	74.00%	74.00%
FII	11.60%	11.70%	11.70%
DII	7.00%	6.90%	6.60%
Public	7.40%	7.50%	7.70%

About Adani Enterprises

Adani Enterprises Ltd (NSE: ADANIENT) operates across mining, integrated resource management, infrastructure, airports, roads, rail/metro, water, data centres, solar manufacturing, agro, and defence sectors, making it a diversified conglomerate with a wide business presence.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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