{"id":371027,"date":"2020-09-01T11:36:41","date_gmt":"2020-09-01T06:06:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371027"},"modified":"2020-09-01T11:36:41","modified_gmt":"2020-09-01T06:06:41","slug":"lt-closes-rs-14000-crore-deal-to-sell-electric-division-to-schneider-electric","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-closes-rs-14000-crore-deal-to-sell-electric-division-to-schneider-electric\/","title":{"rendered":"L&amp;T closes Rs 14,000 crore deal to sell electric division to Schneider Electric"},"content":{"rendered":"<p>Larsen &amp; 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.<\/p>\n<p>The Covid-18 pandemic had disrupted the closure of this deal which was earlier expected to be concluded in early 2020. With this all cash deal, the $ 21 billion-Indian engineering major has exited its only products business so that it can focus on its core competencies in construction and engineering and the high margin services business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larsen &amp; 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. With this all cash deal, the $ 21 billion-Indian engineering major has exited its only products business so that it can focus on its core competencies in construction and engineering and the high margin services business.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-371027","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371027","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371027"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371027\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}