Mumbai, Sept. 16 -- Adani Enterprises (AEL) will invest Rs 4,081 crore to construct a ropeway between Sonprayag and Kedarnath in Uttarakhand, it was officially announced today.
The Adani Group's flagship company has received a Letter of Award (LoA) from the National Highways Logistics Management (NHLML) to build the company's first ropeway project and will be executed by its Roads, Metro, Rail, and Water (RMRW) division, according to an official company statement.
Adani Enterprises will invest Rs 4,081 crore in the project, which will be developed under the National Ropeways Development Programme called the Parvatmala Pariyojana. The ropeway will be built on a Public-Private Partnership (PPP) model with NHLML, on a revenue-sharing basis, ...