The Economic Times

Shakti Pumps, NCC & KEC International soar up to 16% as govt clears Rs 8.7 lakh crore Jal Jeevan Mission extension

Shares of Shakti Pumps, NCC, and KEC International rallied as much as 16% after the Union Cabinet approved the Jal Jeevan Mission's extension until 2028. The program has a Rs 8.69 lakh crore outlay. This decision is expected to benefit several engineering, procurement, and construction companies. Pump manufacturers and pipe makers will also see support. A new digital framework, Sujalam Bharat, will be introduced.