Almondz Global Securities Limited (AGSL) has reported a 136.5 per cent year-on-year increase in consolidated profit to Rs 9.13 crore for the second quarter ended September 30, 2026, compared with Rs 3.86 crore in the corresponding quarter of the previous financial year.

 

Navjeet Singh Sobti, Founder, Almondz Group

 

Consolidated revenue increased 17.9 per cent to Rs 40.09 crore from Rs 34.00 crore during the same period, supported by growth in infrastructure consulting and contributions from the Group’s diversified business operations.

 

The quarterly performance comes amid continued expansion across the Almondz Group’s financial services, infrastructure consulting and green fuel businesses, with the companies and subsidiaries developing complementary capabilities across their respective sectors.

 

The infrastructure consulting business reported a strong order pipeline, with its total order book crossing Rs 400 crore, while the green fuel joint venture recorded significant growth in revenue and profitability.

 

Founder Highlights Group’s Integrated Growth Strategy

Commenting on the performance and the Group’s growth trajectory, Navjeet Singh Sobti, Founder, Almondz Group, said, “Our performance reflects more than growth in individual businesses. It reflects the strength of a Group whose companies increasingly complement one another, bringing together financial expertise, infrastructure capabilities, and emerging opportunities in green energy.

 

We have been deliberate in building independently strong businesses, yet collectively create greater value. As these platforms mature, we are seeing the benefits of that approach in our execution capabilities, order pipeline and operating performance.

 

Our focus now is on scaling this momentum responsibly, strengthening collaboration across the Group and building an institution capable of delivering sustained, long-term value.”

 

Consolidated Financial Performance

About Almondz Global Securities Limited

Almondz Global Securities Limited is a listed Indian company operating across financial services, infrastructure consulting and green fuel businesses through its subsidiaries and joint venture interests. Its financial services activities include broking, wealth advisory, corporate advisory, merchant banking and debt and equity operations. The company is part of the Almondz Group, whose businesses span financial and advisory services, infrastructure consulting and emerging sectors. Almondz Global Securities Limited is listed on the National Stock Exchange of India and BSE.

Website: www.almondzglobal.com

Disclaimer: This press release contains certain forward-looking statements relating to business growth, project execution, capacity utilisation, commercial operations and future performance. Such statements are subject to market conditions, regulatory processes, commercial arrangements and other risks and uncertainties. Actual outcomes may differ materially from current expectations.

Gurugram-based Challanwala, an online platform for settling traffic challans, saw a sharp rise in use during its Diwali festive offer. Users checked and added 9,32,120 new challans to the platform. Between 6 and 8 November 2026, motorists paid Rs. 40.48 lakh in fines, clearing 3,250 challans across 2,440 transactions.
 

The offer gave users up to 70% off Challanwala’s platform fee. It also let users gift a challan payment for the first time, so they could clear a pending fine for a family member or friend as a Diwali gesture. Each transaction cleared about 1.3 challans on average, and the average payment per challan was about Rs. 1,245. Many users settled several pending fines at once, often across more than one vehicle in the family.
 

What the festive data shows

• Helmet-less riding is the most common violation. It accounts for 81,480 challans, more than twice the next category, parking violations (35,070). Disobeying the orders of an authority came third with 30,720. Together, these three make up nearly 1.5 lakh challans, or about 16% of all challans added during the campaign.

• Commercial vehicles lead. Of the challans with vehicle details recorded, goods carriers had the most: 16,810, or about 36%. Cars followed with 12,270 (26%), then two-wheelers with 8,770 (19%).

• Uttar Pradesh dominates, but Guwahati breaks in. Among challans that could be traced to a city, Noida had the most (19,620), followed by Ghaziabad (14,120). Together, the two NCR cities account for more than one in five traced challans. Guwahati is third with 12,440, ahead of Lucknow (10,610) and Varanasi (7,990). It is the only city outside Uttar Pradesh in the top five.
   

A road-safety signal;
The helmet finding goes beyond fines. According to the Ministry of Road Transport and Highways’ Road Accidents in India 2023 report, 54,568 two-wheeler riders who were not wearing helmets died in road accidents that year. Overall, 41% of road accident victims were not using a helmet or seat belt.

Mr. Arvind Singhatiya, Co-founder and CEO, Challanwala
 

Mr. Arvind Singhatiya, Co-founder and CEO, Challanwala, said, “Diwali is about clearing out the old before welcoming the new, and we wanted to bring that spirit to something most of us keep putting off: pending traffic challans. Over 9.3 lakh challans came to light in a single festive window, which shows how many people carry fines they don’t know about or keep postponing. With challan gifting, we wanted to offer a different kind of Diwali gift: a clean record.”
 

He added, “The data is also a road-safety reminder. Riding without a helmet tops the list by a wide margin, and that is not just a fine. It is a risk to life. We hope that settling a challan also prompts people to change the behaviour behind it. Given the response, we are extending the offer until New Year, so more families can start 2027 without pending challans.”
 

About Challanwala
Challanwala is a Gurugram-based start up platform that lets vehicle owners check, settle and resolve traffic challans online. Founded in December 2023, the platform offers vehicle insurance, pre-owned vehicle history reports, PUC (pollution) certificate services and vehicle service records, so owners can manage their vehicle’s paperwork in one place.

Gurugram-based Challanwala, an online platform for settling traffic challans, saw a sharp rise in use during its Diwali festive offer. Users checked and added 9,32,120 new challans to the platform. Between 6 and 8 November 2026, motorists paid Rs. 40.48 lakh in fines, clearing 3,250 challans across 2,440 transactions.
 

The offer gave users up to 70% off Challanwala’s platform fee. It also let users gift a challan payment for the first time, so they could clear a pending fine for a family member or friend as a Diwali gesture. Each transaction cleared about 1.3 challans on average, and the average payment per challan was about Rs. 1,245. Many users settled several pending fines at once, often across more than one vehicle in the family.
 

What the festive data shows

• Helmet-less riding is the most common violation. It accounts for 81,480 challans, more than twice the next category, parking violations (35,070). Disobeying the orders of an authority came third with 30,720. Together, these three make up nearly 1.5 lakh challans, or about 16% of all challans added during the campaign.

• Commercial vehicles lead. Of the challans with vehicle details recorded, goods carriers had the most: 16,810, or about 36%. Cars followed with 12,270 (26%), then two-wheelers with 8,770 (19%).

• Uttar Pradesh dominates, but Guwahati breaks in. Among challans that could be traced to a city, Noida had the most (19,620), followed by Ghaziabad (14,120). Together, the two NCR cities account for more than one in five traced challans. Guwahati is third with 12,440, ahead of Lucknow (10,610) and Varanasi (7,990). It is the only city outside Uttar Pradesh in the top five.
   

A road-safety signal;
The helmet finding goes beyond fines. According to the Ministry of Road Transport and Highways’ Road Accidents in India 2023 report, 54,568 two-wheeler riders who were not wearing helmets died in road accidents that year. Overall, 41% of road accident victims were not using a helmet or seat belt.

Mr. Arvind Singhatiya, Co-founder and CEO, Challanwala
 

Mr. Arvind Singhatiya, Co-founder and CEO, Challanwala, said, “Diwali is about clearing out the old before welcoming the new, and we wanted to bring that spirit to something most of us keep putting off: pending traffic challans. Over 9.3 lakh challans came to light in a single festive window, which shows how many people carry fines they don’t know about or keep postponing. With challan gifting, we wanted to offer a different kind of Diwali gift: a clean record.”
 

He added, “The data is also a road-safety reminder. Riding without a helmet tops the list by a wide margin, and that is not just a fine. It is a risk to life. We hope that settling a challan also prompts people to change the behaviour behind it. Given the response, we are extending the offer until New Year, so more families can start 2027 without pending challans.”
 

About Challanwala
Challanwala is a Gurugram-based start up platform that lets vehicle owners check, settle and resolve traffic challans online. Founded in December 2023, the platform offers vehicle insurance, pre-owned vehicle history reports, PUC (pollution) certificate services and vehicle service records, so owners can manage their vehicle’s paperwork in one place.

India’s rich food heritage is set to take centre stage internationally as Chef Aanal Kotak, Celebrity Chef, Entrepreneur and Co-founder of TSK Hospitality LLP, prepares to represent the country at the 10th World Tapas Championship (Concurso Mundial de Tapas), scheduled from November 9–11, 2026, in Valladolid, Spain. Recognised as Gujarat’s Youngest Cooking Expert and known for her association with MasterChef India Season 7 as a celebrity guest, Aanal’s participation marks a significant milestone for India’s presence at the championship. The international competition brings together chefs from across the world to showcase their interpretations of tapas, a traditional Spanish culinary format, and compete for the title of the World’s Best Tapa. Taking with her Amdavad ni Kachori, an iconic preparation rooted in Gujarat’s food culture, she will introduce a distinctive regional Indian speciality to an international audience.

Chef Aanal Kotak_Celebrity Chef Entrepreneur & Co-founder of TSK Hospitality LLP

Beyond the competition, Chef Aanal’s representation carries a larger story of India’s food identity reaching beyond its borders. Through Amdavad ni Kachori, she brings together six distinct expressions of Gujarat on a single plate, with Tuver Dal capturing the comfort of Gujarati home cooking, Kadhi representing tradition, Mango Chundo adding the region’s signature sweet-and-sour balance, and Mint bringing freshness, all brought together through the soul of Indian street food. Conceptualised around the connection between Ahmedabad and Valladolid as sister cities, the dish reimagines a traditional Gujarati preparation in a contemporary tapas-style format, creating a bridge between local food traditions and international culinary expression.

Celebrating its tenth edition, the World Tapas Championship is a leading international competition that brings together 16 chefs from across five continents to compete for the title of the World’s Best Tapa. Hosted at the Cúpula del Milenio in Valladolid, Spain, the 2026 edition will feature chefs from countries including Australia, Mexico, the United States, Thailand, South Korea, India and the United Kingdom, presenting their creations before an international jury of distinguished culinary experts. The championship celebrates culinary excellence, bringing together diverse food traditions, innovation and contemporary interpretations of tapas.

Speaking about her participation, Chef Aanal Kotak, Founder, The Secret Kitchen said, “Representing India at the 10th World Tapas Championship is both a tremendous honour and a responsibility that I carry with immense pride. India has an extraordinary culinary legacy, with every region offering its own distinct flavours, techniques and stories. Through Amdavad ni Kachori, I want to take a piece of Gujarat’s food culture to the world and showcase the depth and character of our regional cuisine. For me, this is not just about presenting a dish at an international competition; it is about giving Indian flavours a voice on a global platform and demonstrating that our culinary heritage has a place in conversations shaping the future of world gastronomy.”

As the countdown to the championship begins, all eyes will be on Valladolid as Chef Aanal prepares to take on the international challenge. Her participation marks an exciting chapter in her culinary journey, with the opportunity to make a lasting impression on one of the world’s most prominent culinary competitions.

Fully customised business software and AI solutions, built by engineers and backed by a full refund if the agreed delivery date is missed. Starting in Malaysia and rolling out across Asia, made possible by more than 100 partners.
 

Nexawork AI is an Asia focused technology company building the AI Business Operating System. It was co-founded by Allen Tan Chee Hoe, its Chief Executive Officer, and Sky Wee, its Chief Business Development Officer.
 

Nexawork AI Founders
 

Today Allen Tan Chee Hoe announced the launch of Nexawork AI’s Asia digital transformation programme, which helps founders, project owners and small and medium enterprises (SMEs) build their first digital product. It offers custom software development, including AI solutions and AI agents, starting with a Starter Pack at RM19,900.00, with a full refund of the development fee if Nexawork AI misses the delivery date in the contract.

The programme starts in Malaysia, its first market in Southeast Asia, before extending across Asia. Applications are open now at nexawork.ai. Its pricing is made possible by more than 100 partners, who share the work and bring businesses to the programme.

Why Asia’s SMEs hold back on AI and digital transformation
Asia runs on small businesses. Across 26 economies tracked by the Asian Development Bank (ADB), micro, small and medium enterprises make up 99.8% of all enterprises, employ 67.6% of the workforce and produce 38.7% of national output. Yet many still run on paper and spreadsheets, SME digitalisation lags, and AI is widening the gap. In South Korea, a 2024 Korea Federation of SMEs survey of 300 SMEs found only 5.3% using AI, and the obstacle cited most was the lack of AI services built for their needs.

Cost and risk add to the hesitation. In Malaysia, 2026 industry estimates put even a basic first version of mobile software at RM30,000 to RM60,000, and most SME projects at RM60,000 or more. For a first time founder, that is a large bet on one vendor. Owners are avoiding risk, not technology.

“Transformation fails on the first invoice, not on the technology,” said Allen Tan Chee Hoe, Co-Founder and Chief Executive Officer of Nexawork AI. “We are not trying to reprice the market. We want to give many SMEs the confidence to take their first step into digitisation, together with more than 100 partners, so a founder anywhere in Asia can build a first digital product without betting the year on it. And we are not here to replace anyone’s workforce. Our AI brings productivity to business owners and their teams, so that adoption actually happens.”

A full refund if the delivery date is missed
If Nexawork AI misses the delivery date in the contract, the business receives a full refund of the development fee. The clock starts when the business provides complete information and access, and the scope is fixed in writing before work begins.

Custom software development and AI solutions built around the business
Every system is shaped around the individual business. Professional engineers write, review and test every build, and the owner needs no technical knowledge. Projects can include a native mobile platform for ordering, payment through the business’s own provider, delivery tracking and referrals, an admin console, connections to existing software, and AI built for the business, from AI solutions on its own data to AI agents that answer enquiries or follow up on orders.

RM19,900.00 is the Starter Pack, the entry point to the programme: a focused first system built around one core workflow, such as taking orders or bookings, with an admin console for the owner. Builds with more features, AI, payments or integrations are scoped and priced above the Starter Pack.

Why the programme price is possible: more than 100 partners
The programme is designed to grow the market, not to undercut it. The price is not set to compete with the market: most SMEs would not commission development at RM100,000 or more, so the programme reaches businesses that would otherwise not digitise at all, rather than taking work from established developers. The Starter Pack can start at RM19,900.00 because more than 100 partners share the work and bring businesses to the programme, so less of each project’s price goes on sales and marketing.

Nexawork AI’s team shapes each founder’s first product before any code is written. Lavie System Solutions brings almost two decades of development experience, so proven building blocks are not reinvented for every project. Healing Mind Group, led by Lee Hong Rui, a trainer accredited by HRD Corp, Malaysia’s Human Resource Development Corporation, joins as Business Process and SME Transformation Partner to map workflows and prepare teams. Dova Space looks after the people side of change, Eco Bee Biotech and Eco Bee Shop introduce the programme to their network, and Jayv Chang Yoon Voon, marketing partner for Southeast Asia, reaches businesses through partner and community channels.

How the programme works
Each custom software development project starts with a written scope, after which the price and the delivery date go into the contract. The build runs in about twelve sprints over about three months. Every project includes three months of free maintenance; hosting, domain and infrastructure are paid by the business to its own providers, from about US$100 a month. Every system is built to connect directly to the Nexawork AI platform, which is expected to launch by the second quarter of 2027.

The founders behind Nexawork AI
Allen Tan Chee Hoe is a serial founder and product architect with 15 years of experience in technology and product development. According to internal operating records, he previously built a startup to more than 4 million users and 60,000 business owners, and his teams have supported more than 180 projects globally for companies that together raised more than US$200 million. Sky Wee, who leads global business development and partnerships, is a Singapore based serial entrepreneur and venture investor.

The Nexawork AI Partner App
Nexawork AI will also launch the Nexawork AI Partner App, expected in the first quarter of 2027, so referral partners can refer businesses to the platform and handle enquiries and introductions in one place. Partners can register their interest at nexawork.ai.

Larger digital transformation projects
Alongside the programme, Nexawork AI is helping established companies digitise through larger projects, each scoped and priced on its own and separate from the RM19,900.00 Starter Pack. They include Vorahome, a home services platform founded by Alan Foong, Vincent Wong and Ivan Hiew Chin Woon; and Big Ben Dining Group, a food, entertainment and technology dining concept founded by Bengemen Tan Boon Yong.

How to apply
To claim the programme, a business needs an official Programme Code from the Nexawork AI sales team. Founders, project owners and businesses can apply at nexawork.ai or approach any Nexawork AI Sales Manager across Southeast Asia. A salesperson will contact them to confirm the fit and issue the code, which opens the scoping session; the sales team verifies each business through its code and uses it to track every approved project. The programme is open while it lasts, until Nexawork AI announces its close, and codes, like places, are limited each month.
 

About Nexawork AI
Nexawork AI is building the AI Business Operating System for solo entrepreneurs, small teams and established businesses in Asia: one platform to run your work and your business. Money and legal commitments always wait for a human. The platform is in beta with design partners and is expected to launch by the second quarter of 2027. Nexawork AI was co-founded by Allen Tan Chee Hoe, its Chief Executive Officer, and Sky Wee, its Chief Business Development Officer. Work Less. Win More. AI Does the Rest.

For more information, please visit nexawork.ai.

About Eco Bee Biotech and Eco Bee Shop
Eco Bee Biotech and Eco Bee Shop is a Malaysian bee biotechnology, conservation and wellness enterprise founded by Cathie Tan in 2002. It develops Kelulut (stingless bee) honey, propolis and other wellness products, and in 2026 was recognised by ASIA Records and ASEAN Records for its alcohol free halal Kelulut propolis extract. Bee conservation is at the heart of its mission, including its planned Eco Bee Nature Exchange, guided by its philosophy: Save Bees, Empowering People, Pure Quality.

For more information, please visit beeshop.com.my

About Lavie System Solutions
Lavie System Solutions, led by Lai Yu Long, is a Johor based development company founded in 2008 that builds custom software, enterprise and point of sale systems and online stores.

​For more information, please visit lvss.com.my

About Healing Mind Group
Healing Mind Group is a training provider led by Lee Hong Rui, who brings experience in finance and corporate management, a background in process transformation and trainer accreditation with HRD Corp. It helps SMEs map their business workflows, identify operational gaps and prepare their teams to adopt systems that improve productivity.

About Dova Space
Dova Space, led by Debbie Hew Sio Yee and Hew Khai Rin, is a holistic health and wellness centre offering personalised, data driven care. It brings Traditional Chinese Medicine, modern medical expertise, natural healing and advanced medical devices under one roof, with a strong focus on sleep health: sleep care consultations, sleep quality and autonomic nervous system assessments, home use medical devices and long term sleep management programmes. Better Sleep. Better Health. Better Living.

​For more information, please visit dova.space.

A large-scale study of yoga-based cardiac rehabilitation (Yoga-CaRe), funded by the Indian Council of Medical Research and coordinated by the Centre for Chronic Disease Control, under the leadership of Prof. Dorairaj Prabhakaran MD, DM, Executive Director, CCDC, and President-Elect, World Heart Federation, among people having heart failure with reduced ejection fraction improved quality of life, functional capacity, and quality-adjusted utility index. Although clinical events fell by 10%, the reduction was not statistically significant. The authors presented these results as a late-breaking science at the American Heart Association’s Scientific Sessions on November 7, 2026, in Chicago.

The Yoga-CaRe HF programme combines yoga, medication, nutrition and lifestyle modifications to support heart failure management and improve quality of life

“Improving quality of life and functional capacity in patients with heart failure is essential everywhere but particularly in India, where roughly 1.8 million new heart failure cases are diagnosed each year, and very few receive cardiac rehabilitation,” said Dorairaj Prabhakaran. Globally, the Yoga-CaRe HF trial is the largest cardiac rehabilitation trial. We demonstrated that a comprehensive multicomponent program, delivered by a single trained person, can be an alternative approach to multidisciplinary team-based conventional cardiac rehabilitation in India and other resource-constrained settings. He also said that guideline-directed medical management, complemented by Yoga-CaRe, can help patients live longer with better quality of life.

The clinical study was conducted in nearly 3,500 people having heart failure with reduced ejection fraction recruited through 16 hospitals across the country. Patients were randomly allocated to receive either enhanced standard care, which includes three health education sessions using a “Healthy Living with Heart Failure” booklet over three months, or a Yoga-based cardiac rehabilitation program.

The Yoga-CaRe program involves three major components – a) health education with the “Healthy Living with Heart Failure” booklet; b) guided behaviour change, which involves goal-setting-based approaches to improving patients’ inadequacies in lifestyle behaviours and control of risk factors to foster patient engagement; and c) a standardized set of yoga practices including physical postures (asana), breathing practices (pranayama) and meditation and relaxation practices tailored to patients exercise capacity. A board-certified Yoga & Naturopathy practitioner was trained to delivered the program. The patient training consisted of 20 sessions (both in-person and online) over three months. Patients were advised to practise yoga at home for 50–55 minutes daily for up to 24 months and adhere to lifestyle changes, supported by a booklet and recorded videos. Participants attended a median of 19 supervised sessions and practised at home approximately five days a week for 35–40 minutes per day.

Prof. SC Manchanda, Former Head, Department of Cardiology, All India Institute of Medical Sciences, New Delhi, Senior Consultant Cardiologist, Sir Ganga Ram Hospital said, “For me, yoga is a lifestyle polypill with much relevance for all cardiac patients. The board-certified Yoga & Naturopathy physicians who delivered the Yoga-CaRe program motivated patients to practice yoga almost every day, with around 255 minutes of home practice per week. Importantly, they were able to improve several health behaviours such as physical activity, dietary changes, and avoidance of tobacco and alcohol. These holistic changes are the essential components of a cardiac rehabilitation program. I am delighted to be a part of yet another landmark trial led by Prof. Prabhakaran, building on more than three decades of our work on Yoga’s role in other cardiac conditions.

At three months after enrolment, patients who underwent the Yoga-based cardiac rehabilitation program had a better quality of life as measured by the Minnesota Living with Heart Failure Questionnaire (MLHFQ, 8.1 unit improvement in comparison to the control group), increased distance walked in six minutes (25.5 meters higher than the control group) and quality-adjusted utility-values (0.05 higher than the control group). All these differences were statistically and clinically significant, and importantly they persisted through 24 months. Among patients who performed prespecified duration of yoga practice, it led to a reduction in the composite clinical event of death, hospitalisation, and stroke.

Prof. Ambuj Roy, Department of Cardiology and Head, Skill, e-Learning and Telemedicine Facility, All India Institute of Medical Sciences, New Delhi, and co-lead of the study said, “Guideline-directed medical management in heart failure with reduced ejection fraction has improved remarkably over the last couple of decades, and we have been able to transfer those benefits to our patients. However, the penetration of cardiac rehabilitation benefits has been limited. This trial addresses that major gap in our patient care and will help improve the quality of life of the patients living with this debilitating disease. He added that this trial, along with a similar large trial in patients with heart attack done earlier by the same group, is also a testament that traditional practices like yoga can be tested through the most rigorous modern scientific methods of efficacy testing. Such studies provide greater credence for our traditional practices as medicine today demands evidence before adoption into practice guidelines.

The number of people who died or who were admitted to hospital for emergency care (not including the planned elective hospital admissions) was numerically lower in the Yoga-CaRe group. However, these differences were not statistically significant. Patients also showed notable improvements in frailty and tobacco cessation. Very importantly, caregivers’ quality of life improved with a reduction in depression.

• Karnataka envisages adding 30 GW of renewable energy capacity over the next five years

•  Showcases progressive policies, clean energy roadmap and investor-friendly ecosystem

“Come, invest in Karnataka – a State with a pioneering energy legacy, a progressive renewable energy ecosystem, investor-friendly policies and immense opportunities to power India’s clean energy future,” said Mr. Gaurav Gupta, Additional Chief Secretary, Energy Department, Government of Karnataka.
 

Mr. Gaurav Gupta,  ACS,  Energy Department,  Govt. of Karnataka and Ms. Divya Prabhu GRJ, MD, Karnataka Renewable Energy Development Limited (KREDL) at the Karnataka session

As a State Partner at the Bharat Renewable Energy Summit & Expo 2026, being held at Bharat Mandapam, New Delhi, Karnataka is showcasing its renewable energy potential, progressive policies and investment-ready ecosystem.
 

Mr. K.J. George, Hon’ble Minister for Energy and Tourism

Inviting investors, industry leaders and global renewable energy players to explore opportunities in the State’s clean energy sector, Mr. Gaurav Gupta said, “Karnataka offers immense opportunities for renewable energy investments, backed by abundant wind and solar resources, investor-friendly policies, automatic land conversion and plug-and-play infrastructure. The State has pioneered innovative models such as the Pavagada Solar Park, which features a unique 30-year land lease agreement with farmers.”
 

The Karnataka Pavilion inspired by the Energy legacy of Mysore, at the Bharat Renewable Energy Summit 2026 at Bharatmandapam

“Karnataka’s renewable energy capacity has grown from 16 GW in 2022 to 23 GW, reflecting the State’s rapid progress in the sector. Going forward, we envisage adding 5–7 GW of renewable energy capacity annually, with an ambitious roadmap to add nearly 30 GW over the next five years. Karnataka also led the country in wind capacity addition during 2024–25, with 1,331 MW, reaffirming its position as a major destination for renewable energy investments. This presents significant opportunities for developers, technology providers and industry partners to participate in the State’s clean energy journey.”
 

“As we look towards 2035, our focus extends beyond capacity addition to building a flexible, reliable and resilient clean energy ecosystem. Under the State’s Resource Adequacy Plan, Karnataka envisages adding 41.5 GW of new wind and solar capacity and approximately 11,000 MWh of battery energy storage by 2034–35. We are already progressing with large-scale solar and storage projects, including the 250 MW solar project with 1,100 MWh of storage at Ryapte, standalone battery storage projects and a significant pipeline of renewable energy projects across KPTCL substations.

“Our commitment also extends to empowering farmers through PM-KUSUM, promoting green hydrogen and bioenergy, and creating opportunities for innovation, skill development and clean energy entrepreneurship. Through transparent, data-driven project planning, supportive policies and a robust investment ecosystem, Karnataka is strengthening its position as a preferred destination for renewable energy development.”
 

Ms. Divya Prabhu GRJ, Managing Director, Karnataka Renewable Energy Development Limited (KREDL),* said, “Karnataka’s participation as a State Partner at the Bharat Renewable Energy Summit & Expo 2026 reflects our commitment to strengthening the State’s position as a leading destination for renewable energy investments.”

“With an installed renewable energy capacity of around 27 GW, accounting for nearly 67 per cent of the State’s total installed power capacity, Karnataka offers a strong combination of natural resources, progressive policies, robust infrastructure and a conducive investment ecosystem. As the nodal agency, KREDL is also fostering a comprehensive renewable energy ecosystem through capacity building, skill development initiatives such as Surya Mitra and Vayumitra, technological advancement, incubation centres and industry-academia collaborations with institutions such as the University of New South Wales, IISc and IIMB.”

“Karnataka’s focus extends beyond power generation to strengthening transmission infrastructure. KPTCL has identified 27 dedicated substations for renewable energy projects to facilitate transmission connectivity.”

The Karnataka Advantage in Renewable Energy
A key highlight of Karnataka’s participation was the plenary session titled ‘The Karnataka Advantage in Renewable Energy’, which showcased the State’s abundant wind and solar potential, progressive policies, pioneering Pavagada land-lease model and investor-friendly plug-and-play infrastructure. The session explored investment opportunities across renewable energy, manufacturing, technological innovation, energy storage and industry-academia partnerships, while highlighting competitive tariffs, transparent project allocation and robust transmission infrastructure. It witnessed participation from investors, industry leaders and manufacturers who also appreciated the State’s RAP & auto conversion of land initiative, the first in the country.
 

Repowering India’s ageing wind fleet
As part of the summit’s deliberations, Mr. Gaurav Gupta and Ms. Divya Prabhu GRJ, participated in a panel discussion on ‘Repowering Wind Power Turbines’ alongside wind manufacturers and industry leaders.
 

The discussion focused on the opportunities and challenges associated with repowering ageing wind turbines using advanced technologies to enhance generation efficiency, optimise existing wind energy sites and unlock additional renewable energy potential.
 

A Roundtable was also organised bringing together industry leaders, renewable energy developers, manufacturers and key stakeholders to deliberate on Karnataka’s future renewable energy roadmap. The discussion aimed to assess the effectiveness of existing policies and government support mechanisms in Karnataka and other States, identify areas for improvement to achieve the State’s clean energy targets, and explore opportunities to position Karnataka as a preferred destination for clean energy deployment and manufacturing. Industry inputs were also sought to shape the State’s forthcoming Renewable Energy Policy, as the current policy approaches its conclusion in May 2027.
 

The Karnataka Pavilion
A major attraction at the summit was the Karnataka Pavilion, established by KREDL. Drawing inspiration from the architectural grandeur of the iconic Mysore Palace and Karnataka’s pioneering electrical legacy, the pavilion showcased the State’s remarkable journey in the power sector.
 

Karnataka holds a special place in India’s electricity history, having established the Shivanasamudra Hydroelectric Power Project, one of Asia’s earliest hydroelectric power stations, and introduced India’s first electric street lighting in Bengaluru in 1905. The pavilion offered visitors and investors insights into the State’s renewable energy potential, policy initiatives, key projects and investment opportunities.

Mr. K.J. George, Hon’ble Minister for Energy, Government of Karnataka, said, “I am delighted about Karnataka’s participation as a State Partner at the Bharat Renewable Energy Summit & Expo 2026.The State has showcased its rich legacy in the energy sector, strong renewable energy potential and progressive policy framework. We welcome investors, industry leaders and global stakeholders to explore the immense opportunities Karnataka offers in renewable energy.”