New Delhi, Oct. 26 -- India's outstanding private capital expenditure (capex) pipeline rose 39 per cent year-on-year to Rs 99.7 lakh crore in September 2026, but increasing concentration across states and sectors, rising project sizes and potential execution delays pose risks for lenders, according to a report by Union Bank of India.

The pipeline has expanded nearly 4.1 times from its March 2014 level, with investments increasing by Rs 46.4 lakh crore over the past two years. This compares with an increase of just Rs 7 lakh crore during the eight years to March 2022.

However, the number of projects rose by only 50 per cent to 5,311 over the period, while the average project size increased 2.7 times to Rs 1,878 crore, pointing to a growi...