Water is more than just a resource. It is also the source of life.  Water is a commodity, just like gold and oil, and it's quite hard to find clean water these days. Therefore, the scarcity of clean water presents opportunities for many companies to invest in water treatment solution

A renowned equity research firm's leader stated that the water sector would remain under focus as it addresses the basic need for water availability, which the government needs to fulfill. The plans will remain a priority for three to four years as the agenda is still being worked out.

Analysts also predicted that the water sector in India is expected to be worth between Rs 25,000 and Rs 30,000 crore annually.

Leading Players in the Water Sector

As previously stated, let's highlight the different kinds of stocks in the water industry. They are as follows:

1. Ion Exchange (India) Ltd

Ion Exchange (India) Ltd is a leading provider of comprehensive water management solutions, boasting over 60 years of experience. With a global footprint, the company caters to the water treatment needs of homes, communities, institutions, and industries. From raw water treatment and desalination to urban drinking water purification, Ion Exchange offers diverse innovative solutions, cementing its position as a pioneering force in the Indian water management sector. Its headquarters are located in Mumbai, and it was founded in 1964.

2. VA Tech Wabag Ltd 

VA Tech Wabag Ltd ( also known as VA Tech) is another water technology firm. This firm is responsible for planning, designing, installing, and running water and wastewater plants. VA Tech also provides water treatment, desalination, wastewater treatment, water reclamation, and sludge treatment. This firm has finished nearly 6000 projects. The Indian stock markets, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), listed Va Tech Wabag in 2010.

3. Welspun Enterprises Ltd

Welspun Enterprises Limited (WEL) is an Indian corporation that builds and manages infrastructure projects such as roads, highways, and wastewater systems. This firm was incorporated in the year 1994 and is also a part of the Welspun Group. It is well-known for its water project called Dewas Water Project, which is operational. Welspun has also worked on several other projects, including the Uttar Pradesh State Water and Sanitation Mission, the Dharavi Wastewater Treatment Facility in Mumbai, Aunta-Simaria, and the Gagalheri-Saharanpur-Yamunanagar corridor.

4. Thermax is a leader in delivering water treatment plants for the diverse needs of industries. With 50 years of experience in designing, building, and managing the construction of water treatment projects, they create and implement tailored or standardized industrial water treatment solutions.

Why water treatment industry is gaining importance with every passing day

1. More Demand for Clean Water: The need for clean water solutions is growing rapidly as the world's water shortage worsens as a result of population expansion and climate change. This tendency is especially noticeable in India, where government programs like the Jal Jeevan Mission seek to give every rural family a working water connection, hence generating a healthy market for businesses involved in the water industry.
2. Technological Advancements: Firms in the water industry are adopting new technology more frequently in an effort to increase sustainability and efficiency. Their emphasis on innovation puts them in a good position in a market that is changing quickly to satisfy new demands.
3. Government Help: A considerable amount of money, about ₹69,926 crore, has been set aside by the Indian government to improve water infrastructure. This dedication not only guarantees a continuous flow of projects but also increases investor trust in the industry's capacity for expansion.

The Bottom Line

With each passing day water sector will attract more companies to invest because of government backing and rising market demand for sustainable water management solutions. Companies such as Ion Exchange and Va Tech Wabag have already cemented their place in the industry and more companies will follow suit as demand for clean water increases.

-Debraj Guhathakurata