Shakti Pumps, NCC & KEC International soar up to 8% as govt clears Rs 8.7 lakh crore Jal Jeevan Mission extension

Shares of Shakti Pumps, NCC, and KEC International rallied 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.