{"id":371054,"date":"2020-09-01T11:50:20","date_gmt":"2020-09-01T06:20:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371054"},"modified":"2020-09-01T11:50:20","modified_gmt":"2020-09-01T06:20:20","slug":"lt-completes-sale-of-electrical-automation-business-to-schneider","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-completes-sale-of-electrical-automation-business-to-schneider\/","title":{"rendered":"L&amp;T completes sale of electrical &amp; automation business to Schneider"},"content":{"rendered":"<p>Larsen &amp; Toubro (L&amp;T) has completed the strategic divestment of its electrical &amp; automation (L&amp;T E&amp;A) business to Schneider Electric, a global player in energy management and automation. The all-cash deal was struck in May 2018 for Rs 14,000 crore.<\/p>\n<p>The company said in a statement that it continuously evaluates its business portfolio and takes capital allocation decisions from a long-term perspective. Its exit from the E&amp;A business is part of the strategic portfolio review process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Larsen &amp; Toubro (L&amp;T) has completed the strategic divestment of its electrical &amp; automation (L&amp;T E&amp;A) business to Schneider Electric, a global player in energy management and automation. The all-cash deal was struck in May 2018 for Rs 14,000 crore. The company said in a statement that it continuously evaluates its business portfolio and takes capital allocation decisions from a long-term perspective. Its exit from the E&amp;A business is part of the strategic portfolio review process.<\/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":[130,240,138],"tags":[],"class_list":["post-371054","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371054","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=371054"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371054\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}