India is now at par with Schneider Electric’s France business: India MD Anil ChaudhryAs a part of its strategy to expand its presence in India, Schneider Electric announced a Rs 14,000 crore deal to acquire L&T’s E&A divisio...
11 Sep, 2020, 07.11 PM IST
L&T closes Rs 14,000 crore deal to sell electric division to Schneider ElectricL&T Group Chairman AM Naik said that the deal is a “win-win” for the company’s employees, business partners, and shareholders.
31 Aug, 2020, 07.44 PM IST
CCI seeks public comments on Schneider-L&T dealIn a public notice Tuesday, the Competition Commission of India (CCI) said stakeholders have to submit their comments within 15 working day...
20 Nov, 2018, 01.12 PM IST
L&T is said to agree to sell unit to Schneider for $2.1 billionA deal, which values Larsen’s electrical and automation division at about Rs 140 billion including debt, could be announced as soon as this...
01 May, 2018, 05.53 PM IST
Schneider, Eaton frontrunners to buy L&T’s electrical businessSchneider has teamed up with Temasek, the Singapore's state investment company for the buyout, while Eaton has re-engaged after their 2011 ...
24 Aug, 2017, 04.58 PM IST
Schneider Electric India head Anil Chaudhry says cash crunch, inventory pile-up hit industrySchneider Electric India's head says that electric equipment makers are facing cash crunch and sitting on huge inventories as customers hav...
29 Jan, 2015, 01.59 PM IST
Schneider leverages Luminous outlets for retail productsExpressing optimism about the country's growth, Chaudhry said the company remains open to both organic and inorganic growth streategy.
02 Dec, 2013, 08.14 PM IST
- Areva T&D bags Reliance Power contract
Areva T&D India Ltd today said it has bagged Rs 40 crore contract from Reliance Power for construction of a substation.
27 Sep, 2011, 02.32 PM IST
- Mahindra Satyam opens smart grid customer demo centre
The facility, which can simulate micro-grid technologies of the future, was started in collaboration with, and using the components of Schn...
09 Jun, 2011, 07.02 PM IST
- Schneider Electric to buy 74% in Luminous for Rs 1,400 crore
Luminous Power would continue to operate with the same management and brand. Luminous had debt of 240 crore at the end of March, earned Rs ...
01 Jun, 2011, 03.29 AM IST
- Schneider Electric plans new products for Indian market
Looking to boost its India business, French major Schneider Electric plans to introduce new home automation products as well as expand geog...
31 May, 2011, 06.52 PM IST
- Schneider Electric buys 74% Of Luminous Power for around 215 million Euros
Luminous which employs 3,000 people will provide Schneider a broad customer base with 3 million existing inverter users.
31 May, 2011, 03.56 PM IST
- Schneider weighing Tyco takeover options
A purchase would help Schneider expand beyond electrical-grid management and parts by adding ADT, the biggest security systems firm.
12 Apr, 2011, 04.10 AM IST
- Schneider Electric in talks to buy stake in Luminous
French energy major Schneider Electric is in advanced talks to acquire a majority stake in the Delhi-based Luminous Power Technologies, peo...
01 Apr, 2011, 01.48 AM IST
- Zicom to sell security units to Schneider for Rs 225 cr
Mumbai-based Zicom Electronic Security Systems said it has agreed to sell two of its security system business units to Luxembourg-headquart...
06 Mar, 2010, 06.23 AM IST
- Schneider acquires APC in $6.1bn deal
Schneider Electric, the world’s biggest supplier of circuit breakers, agreed to buy APC for $6.1bn to become the No 1 maker of gear that pr...
31 Oct, 2006, 12.00 AM IST
- Schneider targets Anchor switch unit
Schneider Electric India, a 100% subsidiary of Schneider Electric Industries, is eyeing Anchor Electrical’s switches division.
22 Sep, 2006, 03.15 AM IST