Tata Metaliks Ltd.

NSE: TATAMETALI | BSE: 513434 | ISIN: INE056C01010 | Industry: Iron & Steel/Interm.Products
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Tata Metaliks Ltd.
25 Feb 2021
Monarch Networth Capital Limited
In our occasional review of the progress of water projects (including the Jal Jeevan Mission) and its impact on demand for pipes, we highlight how funding has resumed in the Covid-hit states along with a 3x surge (vs. August 2020) in countrywide release of funds. Our discussion with a senior official at Uttar Pradesh State Water and Sanitation Mission (SWSM) indicates massive spending worth Rs65bn aimed to increase the tap water coverage to 40% in 2years (14% currently). With 4x surge in budgetary allocation by Centre for the Jal Jeevan Mission Rural in FY22 and announcement of another Rs2.87tn for Jal Jeevan Mission Urban, we...
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