Synopsis:- The Union Cabinet has extended the Jal Jeevan Mission till 2028 with a massive ₹8.69 lakh crore outlay to expand rural tap water access. With coverage already reaching about 64% of households, the move is expected to accelerate infrastructure development and keep several water-related stocks in focus.
Jal Jeevan Mission aims to deliver safe tap water to every rural Indian household, transforming access from just 17% in 2019. As of early FY 2026, over 29.9 crore rural homes, about 64% of the total, have functional connections, up from prior years. With ₹67,000 crore allocated in the FY26 budget and ₹82,299 crore expended so far, the scheme drives community-led sustainability amid its extension to 2028.
The Union Cabinet has approved the extension of the Jal Jeevan Mission until 2028 with a total outlay of ₹8.69 lakh crore, highlighting the government’s continued focus on rural water infrastructure. Notably, the central government’s share has increased to ₹3.59 lakh crore from ₹2.08 lakh crore earlier, while the remaining funding will come from states, supporting long-term investment in water supply projects.
The next phase of the Jal Jeevan Mission will focus more on strengthening infrastructure and ensuring a continuous water supply through proper system operation and maintenance. However, progress had slowed earlier after the central government halted fresh funding in November due to corruption concerns in some states. This move delayed payments to several EPC companies, with further fund releases linked to corrective actions and improvements in project implementation. Here are some stocks that may come into focus following this development:
Kalpataru Projects International Ltd.
Kalpataru Projects International is a leading EPC company with strong expertise in power transmission, infrastructure, and water supply projects. The company executes large-scale domestic and international contracts, and its presence in water infrastructure and pipeline projects positions it well to benefit from government initiatives like the Jal Jeevan Mission.
With a market capitalisation of Rs 19,293.88 crore, the shares were trading at Rs 1,129.80 per share, increasing around 1 percent as compared to the previous closing price.
Kalpataru Projects highlighted improving traction in its water business, with collections from the UP Jal Jeevan Mission starting to pick up from January. The segment has secured orders worth around ₹1,250 crore so far. Management also expects further improvement in collections from Q4. As of December 31, 2025, the company reported a strong total order book of ₹63,287 crore, providing revenue visibility.
KEC International Ltd.
KEC International, part of the RPG Group, is a global infrastructure EPC company operating across power transmission, civil construction, railways, and water projects. With experience in building water supply networks and urban infrastructure, the company could benefit from rising investments in rural water connectivity under government programs.
With a market capitalisation of Rs 14,651.65 crore, the shares were trading at Rs 550.40 per share, increasing around 3 percent as compared to the previous closing price.
KEC International continues to maintain a healthy order pipeline, supported by infrastructure and government-led projects. The company has secured around ₹1,600 crore worth of orders under the Jal Jeevan Mission, highlighting its presence in water infrastructure. Overall, its order book stood at about ₹41,000 crore as of December 31, 2025, providing strong revenue visibility for the coming quarters.
NCC Ltd.
NCC Limited is one of India’s diversified infrastructure companies with operations across buildings, roads, water supply, and irrigation projects. The company has executed several government water infrastructure projects, and continued spending on rural water supply and distribution networks could support its order inflows in the coming years.
With a market capitalisation of Rs 9,439.67 crore, the shares were trading at Rs 150.35 per share, increasing around 4 percent as compared to the previous closing price.
NCC Limited continues to maintain a strong order pipeline across infrastructure segments. Out of its total order book of around ₹71,900 crore, projects under the Jal Jeevan Mission contribute about ₹700 crore. While the share is relatively small, continued government spending on rural water supply could gradually support additional order inflows for the company.
Other Stocks
| Company Name | Movement |
|---|---|
| Vishnu Prakash R Punglia Ltd | Rs 42.12 (9%) |
| Shakti Pumps (India) Ltd | Rs 567.70 (16%) |
| VA Tech Wabag Ltd | Rs 1,282.10 (7%) |
| Ion Exchange (India) Ltd | Rs 382.80 (11%) |
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The post ₹8.69 Lakh Cr Outlay: Stocks in Focus After the Union Cabinet Approves Budget for the Jal Jeevan Mission appeared first on Trade Brains.