Adani just won a $49M ropeway contract - here's why infrastructure investors are celebrating
Key Points
- Adani Enterprises has secured a ₹4,081 crore contract for a ...
Apparently, getting to heaven just got a lot easier - and faster. Adani Enterprises just snagged a ₹4,081 crore ($49 million) contract to build a ropeway from Sonprayag to Kedarnath, cutting what used to be an 8-9 hour pilgrimage into a breezy 36-minute cable car ride. Nothing says spiritual journey quite like a high-tech gondola system that can haul 1,800 passengers each way.
When Ropes Meet Revenue Streams
This divine intervention for tired pilgrims is actually part of a bigger picture for Adani. Last week, their power division picked up an 800 MW order from Madhya Pradesh, pushing the...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.