Water and Pump stocks surge up to 20% on Jal Jeevan Mission extension; Details here

Shares of India’s pump companies and pipe manufacturers have surged up to 20% on Wednesday, March 11, after the Union Cabinet extended the Jal Jeevan Mission till 2028 and also increased its allocation.Shares of Denta Water and Infra Solutions and EMS are trading with gains of 20% each, while those of Shakti Pumps, Indian Hume Pipe, and Vishnu Prakash R Punglia are also trading with gains between 10% to 20%. They are the top gainers on the Nifty Smallcap index.

On Tuesday, the Union Cabinet had approved a total outlay of ₹8.69 lakh crore for the Jal Jeevan Mission, with increasing the central portion to ₹3.59 lakh crore from ₹2.08 lakh crore back in 2019-20.
The central government had halted fresh funds for the Jal Jeevan Mission back in November 2025, until the states acted on widespread corruption findings leading to payment delays for a lot of EPC companies.
In its latest earnings call, Denta Water and Infra’s management highlighted that currently, it has three projects under the Jal Jeevan Mission, valued at nearly ₹400 crore.

The management of KEC International told CNBC-TV18 in an interaction that the order book linked to the Jal Jeevan Mission stood at ₹1,400 crore or around 4% of its overall order book. The current outstanding for water projects stands at ₹800 crore, according to MD & CEO Vimal Kejriwal, who is also hopeful that the pending receivables will be cleared with this allocation.

Shares of KEC International are also trading with gains of 2.3% on Wednesday, while those of VA Tech Wabag are trading 7.4% higher at ₹1,287.

For Vishnu Prakash R Punglia, the stock fell as much as 90% from its post-listing high and is still down over 50% from its issue price of ₹99 per share.