The Jal Jeevan Mission (JJM), launched in 2019, is a transformative initiative by the Government of India aimed at providing safe and clean drinking water to rural households. The program has already successfully connected 15 crore households, representing 80% of India’s rural population, to potable tap water. This initiative addresses a critical gap in water access, significantly improving the quality of life in rural areas.
To ensure 100% coverage across the country, the Jal Jeevan Mission has been extended until 2028, with an enhanced financial outlay. This extension will help accelerate the completion of water supply connections to all remaining households, especially in underserved regions. The mission is not only about access but also focuses on the long-term sustainability of water supply systems, ensuring continuous, quality water delivery.
The mission’s success relies on a community-driven approach, with a strong emphasis on “Jan Bhagidari” (people’s participation). The government plans to sign separate MoUs with states and Union Territories to guarantee effective operation and maintenance (O&M) of rural water supply schemes. This collaborative effort ensures that water services remain sustainable, citizen-centric, and managed efficiently at the local level, securing a future where every household has reliable access to clean drinking water.
Finolex Industries Ltd. (FINPIPE):
Finolex Industries is a leading manufacturer of PVC pipes and fittings in India, catering to sectors like plumbing, irrigation, and water distribution. Known for high-quality products, it plays a key role in providing sustainable water management solutions for both residential and industrial applications.
Share Price
The shares of Finolex Industries are currently trading at Rs. 204 down by 0.59% from its previous close of Rs. 205.2. The stock touched an intraday high of Rs. 209.9 as of February 01, 2025.
Astral Limited (ASTRAL):
Astral Limited specializes in the production of CPVC, PVC, and piping solutions for water supply and plumbing. Listed on BSE and NSE, its products are known for durability, corrosion resistance, and reliability, serving industries like construction, irrigation, and water distribution across India.
Share Price
The company’s share touched an intraday of Rs. 1,451.85 and recovered sharply after the budget. The stock is currently trading flat at Rs. 1,508 as of February 01, 2025.
Prince Pipes and Fittings Ltd. (PRINCE):
Prince Pipes manufactures a range of PVC and CPVC pipes, catering to plumbing, water distribution, and irrigation systems. The company is one of India’s largest players in the piping industry, offering sustainable solutions for residential, commercial, and agricultural water needs.
Share Price
The shares of the company are currently trading at Rs. 381.75 up by 3% from its previous close of Rs. 370.6 as of February 01, 2025. The stock also touched an intraday high of Rs. 407.75 which corresponds to a jump of 10.1%.
VA Tech Wabag Ltd. (WABAG)
VA Tech Wabag is a global leader in water treatment and management solutions. Listed on BSE and NSE, the company specializes in providing water and wastewater treatment services for municipal and industrial sectors, offering cutting-edge technologies for sustainable water use and management.
Share Price
The shares of VA Tech Wabag Ltd. are currently trading at Rs. 1,382 up by 0.71% from its previous close of Rs. 1,372.35 as of February 01, 2025.
Ion Exchange India Ltd. (IONEX)
Ion Exchange India is a prominent player in the water treatment industry, providing solutions for water purification, desalination, and wastewater management. Listed on the BSE and NSE, the company serves a wide range of sectors, including municipal, industrial, and agricultural water treatment.
Share Price
The shares of the company are trading at Rs. 571.55 down by 1.74% from its previous close of Rs. 581.65 as of February 01, 2025. The stock also touched an intraday high of Rs. 608.95.
Written By: Dipangshu Kundu
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