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Maharashtra elections raise concerns over state capex and infrastructure spending
Maharashtra's recent elections saw the BJP-led Mahayuti alliance secure over 200 seats, signaling continuity in policy. However, promises of direct cash handouts to 26 million women raise concerns about the state's fiscal spending and potential impacts on capital expenditure, particularly affecting EPC stocks like L&T and Ashoka Buildcon. In the first seven months of the financial year, projects worth Rs 1.5 lakh crore were awarded across various sectors, but a slowdown in state capex could hinder future growth.