Maharashtra government to spend Rs 6 lakh crore on state's infrastructure
The Maharashtra government is planning a major overhaul of the state's infrastructure -- from airports and ports to expressways to railway networks -- that is estimated to cost anywhere north of Rs 5-6 lakh crore. Some of the new projects planned include creating an expressway grid comprising six to eight lanes that connects all districts of the state. The estimated cost of these nine expressways could be around Rs 2.35 lakh crore. The state is also planning to upgrade its tier-3 airports to tier-2 ones by upgrading their infrastructure like extending the runways.
Momentum in capex cycle being expected to continue despite macro headwinds will positively impact capital goods companies as most of them enjoy good execution and record order books.