Diversified enterprise FIL Industries Pvt Ltd is looking to add four to five projects to its ropeway business and plans to raise Rs 200 crore on equity to expand the vertical : according to its Executive Director Syed Junaid Altaf.
The company, which has invested about Rs 750 crore on three ropeway projects Skyview by Empyrean at Patnitop, Dehradun-Mussoorie and Yamunotri-Kharsali plans to bundle all of its current and future projects in a single SPV where the company holds ownership, and raise capital through infra fund, PE or a strategic partner route, Altaf told PTI in an interview.
When all the first three projects are operational, he said the company is looking at carrying anywhere between 3.5 million to 4.5 million passengers by 2030-31. While the Patnitop project is already operational, Dehradun-Mussoorie is expected to start by 2026 and Yamunotri-Kharsali in 2028.
We are now looking at four to five active projects and we are now also looking to raise capital. We are looking to bundle all of them in a single SPV where we hold ownership, and then that SPV holds ownership in the projects : he said when asked about the companys plans for the ropeway business.
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