Suyog Gurbaxani Funicular Ropeways LtdBOM 543391 Stock Report

Suyog Gurbaxani Funicular Ropeways Ltd. operates as an infrastructure development and constructions company engages in building and operating funicular ropeways system. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2021-11-16. The firm is engaged in building and operating funicular ropeways systems. The company is involved in infrastructural development projects through a build, operate and transfer mode (BOT). The company has developed a funicular ropeway at the Saptashrungi God Temple, Kalwan Taluka, Nashik District, Maharashtra. The funicular ropeway provides access from the base of a mountain to the temple, which is at a height of about 100 meters from the base. Its project is spread over an area of 10 acres, which houses the funicular ropeway system, a shopping mall, a parking facility and a hotel facility. Its Saptashrungi Project primarily has a funicular ropeway system consisting of two air-conditioned funicular vehicles/coaches which can carry 60 passengers/devotees at a time. The shopping complex, forming a part of its project, provides the facility of more than 50 shops providing various buying avenues.