Greentown Labs, the largest climatetech startup incubator in North America, and Schneider Electric, the global leader in the digital transformation of energy management and automation, have selected four startups for Greentown Labs Bold Ideas 2020 in partnership with Schneider Electric. The six-month partnerships accelerator program is focused on enabling the swift deployment, integration, and operation of energy storage […]
Tag: India
L&T closes ₹14,000-crore E&A business sale with Schneider
Larsen & Toubro (L&T) Ltd. announced the completion of the disinvestment of its electrical and automation (E&A) business to Schneider Electric for ₹14,000 crore. The divestment deal, announced in May 2018, has been completed after receiving the requisite regulatory approvals and fulfilment of necessary conditions, the company said in a statement. L&T’s exit from the […]
L&T completes sale of electrical unit to Schneider
₹14,000-crore deal gets regulatory approvals L&T has divested its Electrical & Automation Business to Schneider Electric for an all-cash consideration of ₹14,000 crore. The deal, which was announced in May 2018, was a complex one and the regulatory approvals have finally come through. The deal is also expected to add to its operating cash flow […]
Schneider Electric completes transaction to combine its Low Voltage and Industrial Automation business in India with Larsen & Toubro’s Electrical & Automation business
Schneider Electric completes transaction to combine its Low Voltage and Industrial Automation business in India with Larsen & Toubro’s Electrical & Automation businessKolkata, Aug 31 (UNI) In line with the Company’s vision to further reinforce its presence in India, Schneider Electric – the global leader in digital transformation of energy management and automation, today shared, […]
Two years later, L&T completes sale of E&A business to Schneider Electric
The deal, which was first announced in May 2018, is worth Rs 14,000 crore and is one of L&T’s biggest divestment so far by value Engineering conglomerate Larsen & Toubro (L&T) on Monday announced completion of the sale of its electrical and automation (E&A) business to Schneider Electric. The deal was first announced in May […]
Walmart and Schneider Electric collaborate on climate action
Walmart Inc. and Schneider Electric, a leader in the digital transformation of energy management and automation, have announced a new collaboration that will provide increased access to renewable energy for Walmart’s US-based suppliers, enabling them to lead on climate action. The initiative, called the Gigaton PPA (GPPA) Programme, is designed to educate Walmart suppliers about […]
Schneider Electric snaps four day losing streak
Schneider Electric Infrastructure rose 2.93% to Rs 79, ending its four days losing streak. The stock lost nearly 10% in last four trading sessions from its previous closing high of Rs 85.20 hit on 3 September 2020. Schneider Electric in its AGM yesterday approved the appointment of Namrata Kaul as independent director of the company […]
Walmart and Schneider Electric Announce Groundbreaking Collaboration to Help Suppliers Access Renewable Energy
New initiative seeks to add renewable generation capacity to the U.S. grid by creating greater access to large-scale, renewable energy as part of Walmart’s Project Gigaton. Walmart Inc. and Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a new collaboration that will provide increased access to renewable energy […]
Anti-Bacterial and Self-Disinfecting Switches & Sockets from Schneider Electric
Schneider Electric, the leader in digital transformation of energy management and automation, today announced the launch of its anti-bacterial and self-disinfecting switches and sockets under its Livia product range. Powered by the Silver Ion technology which can kill over 99.9% bacteria and fungi, these products have been conceptualised and manufactured in India as a part […]
L&T completes divestment of electrical, automation business to Schneider Electric
With this, about 5,000 employees of Larsen and Toubro’s electrical and automation business will be integrated with Schneider Electric’s over 2,000 employees. Engineering and construction giant Larsen and Toubro on Monday said it has completed the strategic divestment of its electrical and automation business to Schneider Electric. The move will see India becoming the third largest country in terms […]