{"id":372510,"date":"2020-09-08T12:33:30","date_gmt":"2020-09-08T07:03:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372510"},"modified":"2020-09-08T12:33:30","modified_gmt":"2020-09-08T07:03:30","slug":"larsen-toubro-completes-electrical-and-automation-sale-to-schneider","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/larsen-toubro-completes-electrical-and-automation-sale-to-schneider\/","title":{"rendered":"Larsen &amp; Toubro completes Electrical and Automation sale to Schneider"},"content":{"rendered":"<p>NEW DELHI:  Infrastructure major Larsen &amp; Toubro (L&amp;T) has sold its Electrical &amp; Automation (L&amp;T E&amp;A) business to Schneider Electric, a global player in energy management and automation. The deal, which was first announced in May 2018 is now complete, with the companies having acquired the requisite regulatory approvals and fulfilling the  necessary conditions.<\/p>\n<p>\u201cThe divestment is in line with L&amp;T\u2019s stated goal of unlocking value for future growth,\u201d said L&amp;T, adding that its exit from the business is part of the strategic portfolio review process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Infrastructure major Larsen &amp; Toubro (L&amp;T) has sold its Electrical &amp; Automation (L&amp;T E&amp;A) business to Schneider Electric, a global player in energy management and automation. The deal, which was first announced in May 2018 is now complete, with the companies having acquired the requisite regulatory approvals and fulfilling the necessary conditions. \u201cThe divestment is in line with L&amp;T\u2019s stated goal of unlocking value for future growth,\u201d said L&amp;T, adding that its exit from the 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":[130,243,143],"tags":[],"class_list":["post-372510","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372510","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=372510"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372510\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}