Lauritz Knudsen, owned by Schneider Electrical Group, goals to speculate approx. Rs 850 crore over the subsequent three years to place itself as a major participant within the electrical sector. In 2020, Schneider Electrical acquired L&T Switchgear, Larsen & Toubro’s electrical and automation enterprise and as a part of a rebranding train, L&T Switchgear will now be generally known as Lauritz Knudsen.
Lauritz Knudsen plans to strengthen its core low and medium voltage enterprise, at the same time as it should construct capabilities within the new power area encompassing renewable energy era and e-mobility options, serving diversified segments together with infrastructure, industries, buildings, houses, and agriculture. Lauritz Knudsen’s imaginative and prescient prioritises innovation and excellence, providing diversified decisions to its prospects. This may speed up the model’s mission to drive innovation, addressing the wants of India and globally.
Lauritz Knudsen, previously L&T Switchgear, boasts a sturdy manufacturing footprint spanning 2.1 million sq. ft. of factories and a nationwide presence encompassing over 33 places of work throughout 500 cities. It has educated over 4,00,000 professionals via its six strategically positioned coaching centres in Pune, Delhi, Vadodara, Lucknow, Coonoor, and Kolkata.
The submit Schneider Electric to Invest ₹850 cr in Switchgear Firm Acquired From L&T appeared first on Smart Home World Magazine.
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