Schneider Electric to buy L&T unit for Rs.140 bn

Power Update

Schneider Electric to buy L&T unit for Rs.140 bn

Schneider Electric to buy L&T unit for Rs.140 bn

01 Jun 2018

Schneider Electric has reportedly entered into an agreement with Larsen & Toubro to buy its electrical and automation business for an all-cash consideration of Rs 140 bn. Under the proposed deal, both partners will make fresh investments in Schneider's wholly -owned subsidiary, Schneider India, which in turn will buy out L& T Electrical & Automation. 

With this, India will become the key innovation and manufacturing hub of Schneider.

Contact: Kanwaljeet KUKREJA 

Address: Schneider Electric India Pvt. Ltd. ,
9th Floor, DLF Building No. 10, Tower C, 
DLF Cyber City, Phase II, 
Gurgaon - 122002 
Haryana, 

T: 0124-3940400 

F: 0124-4222 036 

Email: kanwaljeetsingh.kukreja@schneider-electric.com 

Website : www.schneider-electric.co.in 

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