FIL Industries to Raise ₹200 Cr for Ambitious Ropeway Growth

FIL Industries is set to scale up its ropeway infrastructure business and plans to raise ₹200 crore through equity to support its next phase of growth, Executive Director Syed Junaid Altaf announced.

Having already invested ₹750 crore in three major projects—Skyview by Empyrean at Patnitop, Dehradun–Mussoorie, and Yamunotri–Kharsali—the company aims to add four to five new ropeways in the coming years. To streamline operations and funding, FIL will consolidate existing and future ropeways into a single Special Purpose Vehicle (SPV) under its ownership.

“We’re targeting at least ₹200 crore in equity to fund the next three projects,” Altaf said, adding that the company is exploring infrastructure funds, private equity, and strategic partnerships for capital infusion.

FIL expects to transport 3.5 to 4.5 million passengers annually by 2030–31 across its ropeway network. While the Patnitop line is already operational, the Dehradun–Mussoorie ropeway is slated for launch in 2026, followed by Yamunotri–Kharsali in 2028. The total investment for upcoming projects is estimated at ₹1,000–1,200 crore.

News by Rahul Yelligetti.