Stocks to benefit after FM announces extension of Jal Jeevan mission till 2028Stocks to benefit after FM announces extension of Jal Jeevan mission till 2028

The Union Finance Minister Nirmala Sitharaman announced the extension of the Jal Jeevan Mission till 2028 with an enhanced budget outlay. The mission aims to provide tap water connections to all rural households across India, focusing on quality infrastructure.

As of now, 15 crore households, or 80% of India’s rural population, have gained access to potable water under the mission. To achieve full coverage, Sitharaman emphasized strengthening Operation and Maintenance (O&M) and infrastructure through citizen participation and Jan Bhagidari.

Additionally, separate MoUs will be signed with states and UTs to ensure sustainable and citizen-centric water services. The government’s aim is to guarantee reliable water access for all rural areas by 2028.

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Following the announcement of this policy, several companies in the infrastructure and engineering sectors saw notable gains. These include:

SPML Infra

On February 1, 2025, SPML Infra Ltd opened at ₹177.70, up 4.51% from its previous close of ₹170.05. The stock reached a high of ₹178.55 (5.00%) and a low of ₹174.70. By 4:00 PM, it traded at ₹178.55, a 5.00% increase, with a market cap of ₹1,268.61 crore.

SPML Infra Ltd (NSE: SPMLINFRA), established in 1981, is a leading infrastructure development company in India. Specializing in water treatment, power transmission, and waste management, SPML has a diverse portfolio with over 650 nationwide projects and government contracts across multiple states.

EMS

On February 1, 2025, EMS Ltd opened at ₹827.30, up 1.98% from its previous close of ₹811.25. The stock reached a high of ₹850.00 (4.77%) and a low of ₹771.00. By 4:00 PM, it traded at ₹778.25, a 4.07% decrease, with a market cap of ₹4,321.69 crore.

EMS Limited (NSE: EMSLIMITED) is a Delhi-based multi-disciplinary EPC company specializing in turnkey solutions for water and wastewater treatment. It offers services in sewage solutions, water supply systems, and maintenance of water treatment plants for government bodies.

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Va Tech Wabag

On February 1, 2025, VA Tech Wabag Ltd opened at ₹1,400.00, up 1.96% from its previous close of ₹1,373.10. The stock reached a high of ₹1,420.75 (3.47%) and a low of ₹1,342.20. By 4:00 PM, it traded at ₹1,344.75, a 2.06% decrease, with a market cap of ₹8,363.06 crore.

Va Tech Wabag Ltd (NSE: WABAG) specializes in water treatment solutions, including drinking, industrial, and wastewater treatment, as well as desalination. With over 6,500 projects across 25+ countries, it offers comprehensive services from design to operations and maintenance.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.