{"id":291533,"date":"2019-09-13T07:22:02","date_gmt":"2019-09-13T07:22:02","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291533"},"modified":"2019-09-13T07:22:02","modified_gmt":"2019-09-13T07:22:02","slug":"schneider-hopes-to-complete-rs-14000-cr-lt-deal-by-early-2020","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/schneider-hopes-to-complete-rs-14000-cr-lt-deal-by-early-2020\/","title":{"rendered":"Schneider hopes to complete Rs 14,000 cr L&amp;T deal by early 2020"},"content":{"rendered":"<p>Schneider Electric expects to complete the Rs 14,000 crore acquisition of Larsen &amp; Toubro\u2019s electrical and automation business by early 2020, its India head Anil Chaudhry said on Wednesday.<\/p>\n<p>In May last year, Schneider Electric, a global player in energy management and automation, together with Singapore\u2019s state investment firm Temasek Holdings had announced an all-cash buyout of L&amp;T\u2019s electrical and automation business.<\/p>\n<p>\u201cWe expect the deal to close in the next few months&#8230; maybe end of the year or early next year,\u201d said Chaudhry, zone president and managing director of Schneider Electric India Pvt Ltd. Schneider, he said, had a \u201cvery strong commitment\u201d to India which it sees as the future growth engine of the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Schneider Electric expects to complete the Rs 14,000 crore acquisition of Larsen &amp; Toubro\u2019s electrical and automation business by early 2020, its India head Anil Chaudhry said on Wednesday. In May last year, Schneider Electric, a global player in energy management and automation, together with Singapore\u2019s state investment firm Temasek Holdings had announced an all-cash buyout of L&amp;T\u2019s electrical and automation business. \u201cWe expect the deal to close in the next few months&#8230; maybe end of the year or early next year,\u201d said Chaudhry, zone president and managing director of Schneider Electric India Pvt Ltd. Schneider, he said, had a [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,244,144],"tags":[],"class_list":["post-291533","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291533"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291533\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}