ADB has approved a $170 million loan to modernize the water supply in Kochi City, Kerala

The Asian Development Bank’s (ADB) loan will help to improve the quality of life for residents of Kochi by providing them with access to clean and reliable water. The project is also expected to boost economic growth in the city by creating jobs and attracting new businesses.

The ADB’s loan will be used to finance a number of improvements to Kochi’s water supply system, including:

  • Rehabilitation and upgrading of existing water treatment plants
  • Construction of a new water treatment plant
  • Replacement of old and leaky pipes
  • Introduction of a real-time monitoring system
  • Upgrading of water meters

The project is expected to be completed by 2025.

The ADB’s loan is part of its larger effort to support sustainable urban development in India. The bank has committed to investing USD 20 billion in India’s urban sector over the next five years.

Several stocks are likely to benefit from the modernization of Kochi’s water supply system. These include:

Water infrastructure companies: Companies that are involved in the design, construction, and operation of water infrastructure are likely to benefit from the project. Some of the leading water infrastructure companies in India include:

  • Larsen & Toubro (L&T)
  • Tata Projects
  • NCC Infrastructure
  • Va Tech Wabag
  • Ion Exchange India

Pump manufacturers: Companies that manufacture pumps for water supply systems are also likely to benefit from the project. Some of the leading pump manufacturers in India include:

  • Grundfos India
  • Kirloskar Brothers
  • Crompton Greaves
  • Worthington Greaves
  • Sulzer Pumps India

Meter manufacturers: Companies that manufacture water meters are also likely to benefit from the project. Some of the leading meter manufacturers in India include:

  • Neptune Water Meters India
  • Shekhar Global Water
  • Kent RO Systems
  • HMT Meters
  • Elmeasure India

Pipe manufacturers: Companies that manufacture pipes for water supply systems are also likely to benefit from the project. Some of the leading pipe manufacturers in India include:

  • Jindal Pipes
  • Surya Roshni
  • Prakash Pipes
  • Astral Polytech
  • APL Apollo Tubes

It is important to note that this is not an exhaustive list, and there may be other stocks that also benefit from the project. Investors should always do their own research before making any investment decisions.

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