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Schneider Electric hopes to complete Rs 14,000 cr L&T deal by early 2020

Schneider Electric expects to complete the Rs 14,000 crore acquisition of Larsen & Toubro's electrical and automation business by early 2020, its India head Anil Chaudhry said on September 11.In May last year, Schneider Electric, a global player in energy management and automation, together with Singapore's state investment firm Temasek Holdings had announced an all-cash buyout of L&T's electrical and automation business."We expect the deal to close in the next few months... maybe end of the year or early next year," said Chaudhry, zone president and managing director of Schneider Electric India Pvt Ltd.Schneider, he said, has a "very strong commitment" to India which it sees as the future growth engine of the world.Also, the country's visi.....

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