Adani Enterprises shares gain on winning ₹4,000 crore project; details you need to know

Hence, in the opening deals on Tuesday, September 16, the stock rallied as much as 1.35% to ₹2,415.80 on the NSE.

Sonprayag is the final point accessible by road for pilgrims heading to the Kedarnath Temple. The Union cabinet had in March this year approved the ropeway project, expected to cost about ₹4,081 crore, to provide pilgrims with a faster, more comfortable and environmentally friendly mode of travel.

Spanning a total distance of 12.9 kilometres, the ropeway will connect Sonprayag to Kedarnath, a journey traditionally completed via a strenuous 16 km uphill trek or by other means like ponies, palanquins and helicopters.

"Adani Enterprises Ltd (AEL), the flagship incubator of the Adani portfolio, has received a Letter of Award (LoA) from the National Highways Logistics Management Ltd (NHLML) for building the prestigious ropeway project connecting Sonprayag with Kedarnath," the company said in a statement.

The project will be executed by AEL's Roads, Metro, Rail, and Water (RMRW) division.

"Once operational, the 12.9 km ropeway project will reduce travel time from an arduous 9-hour trek to just 36 minutes, making the pilgrimage far easier and safer. The ropeway will be able to carry 1,800 passengers per hour per direction, serving lakhs of pilgrims each year," it said.

Kedarnath witnesses around 20 lakh pilgrims annually, highlighting the importance of this project.

The Kedarnath temple, located at an elevation of 3,583 metres in Uttarakhand's Rudraprayag district, is one of the 12 revered Jyotirlingas. It remains open for about six to seven months each year, attracting nearly 20 lakh pilgrims annually.

Adani Enterprises: Recent developments

The Adani Group reported its highest-ever trailing twelve-month EBITDA of ₹90,572 crore, driven by strong performance in its core infrastructure and clean energy businesses, along with contributions from its emerging airports segment, the conglomerate said on Thursday.

EBITDA stands for earnings before interest, taxes, depreciation, and amortisation.

The group reported an EBITDA of ₹90,572 crore for the period from July 2024 to June 2025, up from Rs 85,502 crore pre-tax profit in the trailing twelve months ending June 2024, it said in a statement.

The ports-to-energy group posted the highest ever quarterly EBITDA of ₹23,793 crore in April-June, with core infrastructure businesses of utility, transport, and incubating infra businesses under Adani Enterprises accounting for about 87% of this.

Incubating infra assets such as airports, solar and wind manufacturing, and roads crossed ₹10,000 crore EBITDA for the first time.

Strong performance across infrastructure and adjacencies offset a dip in the coal trading business of flagship Adani Enterprises Ltd (AEL).

Adani Enterprises Q1 FY26 Results

Adani Enterprises reported a 49% decline in the June quarter (Q1 FY26) profit as weak coal demand offset growth in the airport and mining units.

The company posted a net profit of ₹734 crore in April-June -- the first quarter of the 2025-26 fiscal year -- compared with ₹1,458 crore seen in the same period a year back, according to a company statement.

A drop in coal-fired power demand, mainly due to a milder summer and earlier-than-expected monsoon, weighed on the mainstay coal trading division of the company, which contributes 36% of the revenue. It traded 17% less volume at 12.8 million tonnes during the quarter.

Revenue from operations fell 14% to ₹22,437 crore, hurt by a 27% decline in its coal trading unit.

"Results for the quarter were impacted primarily on account of the decrease in trade volume and volatility of index prices in IRM (integrated resources management) and commercial mining," the statement said.

With increased passenger movement, the firm's airport business saw pre-tax profit (EBITDA) jumping 61% to ₹1,094 crore.

Adani Enterprises share price performance

Shares of Adani Enterprises have gained 3% in the past five sessions (as of the September 15, 2025 closing level) and 2% in the past 1 month. The stock has surged 5.7% over the past six months. However, on a year-to-date (YTD) basis, shares have fallen nearly 7%, and over 20% over the past 12 months.

About Adani Enterprises

Adani Enterprises Limited (AEL) is a part of the Adani portfolio of companies, known for the execution of large-scale projects in the energy and infrastructure sectors in India. AEL is recognised as India's largest listed business incubator, with a focus on four core sectors: energy and utility, transportation and logistics, consumer goods, and primary industry.