Synopsis:
Adani Enterprises Limited wins a ₹4,081 crore ropeway bid from Sonprayag to Kedarnath, cutting a 9-hour trek to 36 minutes and boosting jobs and eco-friendly tourism.
This Adani Group Stock, engaged in incubating and developing businesses in sectors such as airports, roads, water management, data centers, solar manufacturing, defence and aerospace, edible oils, mining, and integrated agri products, jumped 2 percent after investing Rs. 4,081 crore to build a big ropeway project from Sonprayag to Kedarnath.
With a market capitalization of Rs. 276,449.37 crores, the share of Adani Enterprises Limited has reached an intraday high of Rs. 2,419.60 per equity share, rising nearly 1.53 percent from its previous day’s close price of Rs. 2,383.10. Since then, the stock has retreated and is currently trading at Rs. 2,395.20 per equity share.
What is the news?
Adani Enterprises Limited has won the bid to build a big ropeway project from Sonprayag to Kedarnath. This 12.9 km ropeway will cut the tough 8-9 hour trek to just 36 minutes, making it safer and easier for pilgrims. It can carry 1,800 people per hour each way and will help millions visit the holy site every year.
Adani Enterprises will invest Rs. 4,081 crore in this first-of-its-kind project under its Roads, Metro, Rail, and Water division. The work starts now and should finish in six years, with Adani running it for another 29 years on a revenue-sharing deal with the government. This is part of the national Parvatmala program to improve mountain travel.
The project will create jobs and grow tourism in the area. Kedarnath sees about 20 lakh pilgrims yearly, so better access will benefit everyone. It’s a smart step to connect remote spots while keeping things eco-friendly and safe.
Company Overview
Adani Enterprises Limited (AEL) was founded in 1993 as Adani Exports Limited and is the flagship company of the Adani Group, headquartered in Ahmedabad, India. The company focuses on incubating and developing diverse infrastructure businesses across key sectors such as energy and utilities, transportation and logistics, consumer goods, and primary industry.
The company plays a critical role in nurturing new ventures within the Adani portfolio, successfully spinning off several listed entities like Adani Ports, Adani Power, and Adani Green Energy.
Adani Enterprises Limited’s current business interests span mining and integrated resource management, airports, roads, data centers, solar manufacturing, defense, edible oils, and more, contributing significantly to India’s infrastructure development.
Recent quarter results
Coming into financial highlights, Adani Enterprises Limited’s revenue has decreased from Rs. 25,472 crore in Q1 FY25 to Rs. 21,961 crore in Q1 FY26, which has grown by 13.78 percent. The net profit has also decreased by 44.92 percent from Rs. 1,772 crore in Q1 FY25 to Rs. 976 crore in Q1 FY26.
Adani Enterprises Limited’s revenue and net profit have grown at a Compound annual growth rate (CAGR) of 17.67 percent and 50.41 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE stands at 9.45 percent and ROE at 9.82 percent, respectively. Adani Enterprises Limited has an earnings per share (EPS) of Rs. 61.62, and its debt-to-equity ratio is 1.82x.
Written By – Nikhil Naik
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