India’s water infrastructure sector is undergoing significant transformation, driven by rising demand, urbanization, and strong policy support. The government’s flagship Jal Jeevan Mission, with a massive allocation of Rs.3.6 lakh crore, aims to provide tap water to nearly 200 million rural households by 2026. Over 500 sewage treatment plants are being planned to add more than 20 billion liters per day of capacity by 2027.
Urban infrastructure schemes like AMRUT 2.0 and the Smart Cities Mission are also contributing to the sector’s growth. AMRUT 2.0, launched in 2021, has a total indicative outlay of approximately $35 billion. Investments in urban water and wastewater infrastructure are expected to reach $122 billion by 2030.
Here are a few water-infra companies contributing to these developments with high order book values:
Va Tech Wabag Ltd
With a market capitalization of Rs.8,867 crore, the shares of Va Tech Wabag Ltd closed at Rs.1,425.00 per equity share on Friday, rising 0.39 percent from its previous closing price of Rs.1,419.40 apiece.
As of March 2025, VA Tech Wabag Ltd. holds a strong order book valued at approximately Rs.14,300 crores, reflecting the company’s robust position in the water infrastructure sector. In addition, the company was declared the preferred bidder for contracts worth between Rs.2,000 crores and Rs.2,500 crores. These bids are currently under various stages of evaluation.
During the recent investor call held on March 21, 2025, company representative Skandaprasad S. confirmed that the Rs.360 crore order already announced is part of this preferred bidder pipeline. He noted that the remaining contracts are progressing through the final stages and are expected to be finalized over the next few months, potentially adding further momentum to the company’s already strong project pipeline.
EMS Ltd
With a market capitalization of Rs.3,532 crore, the shares of EMS Ltd closed at Rs.643.00 per equity share on Friday, rising 5.01 percent from its previous closing price of Rs.612.35 apiece.
As of the latest update, EMS Ltd. has an unexecuted order book valued at approximately Rs.2,345 crores. This includes around Rs.170 crores worth of operation and maintenance (O\&M) contracts, indicating a healthy mix of project execution and recurring service revenue.
In addition, the company is actively pursuing a strong project pipeline worth nearly Rs.6,470 crores. Management has expressed confidence in converting a substantial portion of this pipeline into confirmed orders in the near future, which could significantly enhance the company’s growth trajectory.
KNR Constructions Ltd
With a market capitalization of Rs.6,610 crore, the shares of KNR Constructions Ltd closed at Rs.234.90 per equity share on Friday, rising 2.68 percent from its previous closing price of Rs.228.77 apiece.
As of December 31, 2024, KNR Constructions Ltd. reported a robust EPC order book totaling Rs.3,888.4 crores. Of this, approximately Rs.2,092.9 crores is attributed to projects in the irrigation and pipeline sector, while the remaining Rs.1,795.5 crores is tied to the roads sector, reflecting a well-diversified infrastructure portfolio.
KNR Constructions Ltd. recently secured two major irrigation projects under the Sitarama Lift Irrigation Scheme in Telangana. These include a Rs.327.9 crore contract for canal excavation and lining works and a Rs.101.1 crore project for the SRLIP to Paleru Link Canal. Together, these projects total Rs.429 crore, further strengthening its water infrastructure portfolio.
Enviro Infra Engineers Ltd
With a market capitalization of Rs.3,781 crore, the shares of Enviro Infra Engineers Ltd closed at Rs.216.00 per equity share on Friday, rising 2.36 percent from its previous closing price of Rs.211.01 apiece.
Enviro Infra Engineers Ltd., as of December 31, 2024, reported a total project order book valued at Rs.1,687 crores. Of this, Rs.855 crores is attributed to EPC contracts for wastewater treatment plants, while Rs.439 crores falls under HAM-based WWTP projects. The remaining Rs.392 crores covers water supply and sewerage projects (WSSP).
In addition to project execution, the company holds a strong operation and maintenance (O\&M) order book worth Rs.738 crores. This reflects its growing presence in long-term infrastructure services. The diverse portfolio highlights its strategic focus on both execution and maintenance in the water infrastructure space.
Written by – Siddesh S Raskar
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