Tag: India

₹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 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, […]

Larsen & Toubro has announced the much awaited closure of its deal to sell its electrical and automation business to France headquartered-Schneider Electric, after the two companies announced the Rs 14,000 crore-deal in May 2018. The Covid-18 pandemic had disrupted the closure of this deal which was earlier expected to be concluded in early 2020. […]

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 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 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 […]

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 […]

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 […]

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 […]

Meeting international standards of testing, this antibacterial range of products self-disinfects its surface throughout its lifespan and uses Silver Ion technology which incorporates anti-bacterial additive compounds in the products inhibiting the growth of bacteria and fungi on frequently touched switches and cover frames. Schneider Electric, the leader in the digital transformation of energy management and automation, today […]