Luminous Power, now completely owned by French engineering company Schneider Electric, has plans to invest around Rs 2,000 crore in capacity expansion of its existing plants, a solar greenfield project, research and development (R&D), digitisation, brand building and channel engagements.
French company Schneider Electric is using the retail route to power ahead in India. The retail foray has now given the company an opportunity to reach customers' homes directly
French firm Schneider Electric on Tuesday said it will invest Rs 1,400 crore to acquire a 74% stake in India's Luminous Power Technologies Private Ltd, which is engaged in providing inverters, UPS and power storage systems for homes and small and medium-sized businesses.