Cabinet Approves Ropeway Project from Sonprayag to Kedarnath

06 Mar 2025 CW Team

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has approved the construction of 12.9 km ropeway project from Sonprayag to Kedarnath (12.9 km) in Uttarakhand. The project will be developed on Design, Build, Finance, Operate and Transfer (DBFOT) mode at a total capital cost of Rs. 4,081.28 crore. The ropeway is planned to be developed in public-private partnership and will be based on the most advanced Tri-cable Detachable Gondola (3S) technology with a design capacity of 1,800 passengers per hour per direction (PPHPD) carrying 18,000 passengers per day. The ropeway project will be a boon to the pilgrims visiting Kedarnath as it would provide an environment-friendly, comfortable and fast connectivity and reduce travel time in one direction from about 8 to 9 hours to about 36 minutes. The ropeway project will also generate substantial employment opportunities during construction and operations as well as in allied tourism industries like hospitality, travel, foods & beverages (F&B) and tourism throughout the year.

The development of ropeway project is a significant step towards fostering balanced socio-economic development, enhancing last - mile connectivity in hilly regions and fostering rapid economic growth. The journey to the Kedarnath temple is a challenging 16-km uphill trek from Gaurikund and is currently covered on foot or by ponies, palanquins and helicopter. The proposed ropeway is planned to provide convenience to pilgrims visiting the temple and ensure all-weather connectivity between Sonprayag and Kedarnath. Kedarnath is one of the 12 sacred Jyotirlingas situated at an elevation of 3,583 m (11968 ft) in the Rudraprayag district of the State of Uttarakhand. The temple is open for pilgrims for about 6 to 7 months in a year from Akshaya Tritiya (April-May) to Diwali (October-November) and is visited by about 20 lakh pilgrims annually during the season.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..