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MoneyWorks4Me

Vascon Engineers, Steamhouse India and R R Kabel to see some action today

25 Sep 2026 Evaluate

Vascon Engineers has received work order amounting to Rs 660.79 crore (Including Taxes) from Multinational IT Company Qualcomm India for Development of an office facility (Block K) comprising three basements, Ground + 12 floors, and associated infrastructure at Bengaluru. The work has to be completed within 30 months from the date of site handover.

Steamhouse India has been awarded the mandate for Engineering, Procurement and Construction (EPC), commissioning and comprehensive Operation & Maintenance (O&M) of the Common Steam Plant and Co-generation Power Plant at the Bulk Drug Park, Una, Himachal Pradesh. Value of order is Rs 311 crore (inclusive of GST). The said order is expected to be completed in 24 months from commencement of the project, subject to applicable contractual conditions.

R R Kabel has received approval for the purchase and acquisition of the Business Undertaking of U M Cables, a wholly-owned subsidiary of Usha Martin, engaged in the business of manufacturing and selling of Optical Fibre and related Cables by way of a slump sale on a going concern basis at a lump sum purchase consideration of Rs 77 crore, subject to certain working capital adjustments and fulfilment of certain conditions as will be provided in the Business Transfer Agreement to be executed in this regard between the parties. The Board of Directors of the company, at its meeting held on September 24, 2026, has considered and approved the same. 

Lemon Tree Hotels’ material subsidiary -- Fleur Hotels has acquired a strategically located land parcel in Bandra (East) adjoining Bandra Kurla Complex, Mumbai to develop a hotel under the ‘Lemon Tree Premier’ brand. The proposed hotel will comprise of approximately 172 keys and is planned as an upscale full-service property catering to the growing demand from the business travelers, MICE, leisure and social segment demand in the city.

RBZ Jewellers (RBZ) through its retail brand Harit Zaveri Jewellers (HZJ) has launched its new 10,000 sq. ft. flagship showroom at Parle Point, Surat, on September 24, 2026, marking a significant milestone in the company's growth journey and retail expansion strategy. Located at Gokul Tower, Parle Point, Surat, the new flagship store brings Harit Zaveri Jewellers' distinctive vision of blending heritage craftsmanship with contemporary jewellery design to one of Gujarat's most dynamic and influential jewellery markets.

TeamLease Services’ wholly owned subsidiary -- TeamLease Digital (TDPL) has incorporated a wholly owned foreign subsidiary in the United States of America under the name of ‘TL Business Solutions Inc.’ (the Corporation), which has consequently become a step-down wholly owned foreign subsidiary of TeamLease Services. The Corporation is incorporated on September 23, 2026, under the laws of the State of Delaware, United States of America. The incorporation will facilitate expansion of the company's staffing and business solutions in international markets, particularly in the United States, and strengthen its global presence.

Dr. Lal PathLabs has received approval for the acquisition of 70% stake in SN Genelab (SN Gene) from its existing Shareholders. Post acquisition, SN Gene shall become a Subsidiary of the Company. The Board of Directors in their meeting held on September 24, 2026, inter-alia considered and approved the same.