FIL Industries to Raise Rs 2 Billion for Ropeway Expansion

17 Jul 2025 CW Team

FIL Industries is set to expand its ropeway infrastructure business and aims to raise Rs 2 billion through equity funding to support this growth, according to Executive Director Syed Junaid Altaf.

The company has already invested approximately Rs 7.5 billion across three projects—Skyview by Empyrean at Patnitop, Dehradun-Mussoorie, and Yamunotri-Kharsali. Looking ahead, FIL intends to develop an additional four to five ropeway projects over the coming years.

To streamline financing, FIL plans to consolidate all current and upcoming ventures under a single Special Purpose Vehicle (SPV), which will be wholly owned by the company.

“We are looking to raise at least Rs 2 billion in equity, which should help us complete at least three more projects,” said Altaf. FIL is exploring funding options through infrastructure-focused investment funds, private equity players, or strategic partnerships.

By the financial year 2030–31, the firm anticipates transporting between 3.5 million and 4.5 million passengers annually across its ropeway network. While the Patnitop facility is already operational, the Dehradun-Mussoorie ropeway is expected to commence service in 2026, followed by the Yamunotri-Kharsali route in 2028.

The total investment for FIL’s upcoming ropeway projects is projected to be between Rs 10 billion and Rs 12 billion.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..