Rs 8.7 lakh crore Jal Jeevan Mission extended till 2028. These 25 stocks likely to be biggest beneficiaries
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As many as 25 stocks across multiple sectors are likely to emerge as key beneficiaries after the Union Cabinet approved the extension of the Jal Jeevan Mission until 2028. The programme’s total outlay has been increased to Rs 8.69 lakh crore, while the Centre’s contribution has been raised to Rs 3.59 lakh crore from Rs 2.1 lakh crore allocated in 2019–20. The remaining funding will be provided by state governments. Market participants believe the move could provide a significant boost to companies linked to water infrastructure and supply chains. “This is hugely positive for companies in water supply management. Segments like pumps, pipes and related products will benefit. This decision reflects a change of focus from exclusively infra projects to services that benefit households, particularly the marginalised and the poor. Also, relieving women from the drudgery of fetching water will enhance the availability of women's labour,” said...