Its areas of operation offer long-term growth visibility
A potential transaction could value the whole venture at roughly $5 billion including debt
Herweck has been replaced over disagreements with the board regarding the strategic direction. Blum, the new CEO, 54, has been part of the Executive Committee since 2014 and with Schneider for more than 30 years.
The Singapore state investment company has been discussing options including a sale of its minority stake in the joint venture to Schneider or another party
Schneider Electric has 30 active factories in India. Among these, five smart factories are located at Hyderabad, Bengaluru, and Chennai
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.
Sanjay Sudhakaran, Managing Director and Chief Executive Officer of Schneider Electric Infrastructure,Why this mid sized cement manufacturer merits investors attention? | Stock of the day resigned on June 8, 2023 to pursue a career outside the organisation.
The factory will be set up on a 18-acre land at GMR Industrial Park in the state capital of Telangana.
With this tie-up, the Rajasthan Royals players will play a pivotal role in transforming cricket into an environmentally friendly game and help offset carbon footprint by promoting Schneider Electric's mission to plant 17,000 trees nationwide.
In May last year, Schneider Electric, together with Singapore's state investment firm Temasek Holdings, had announced an all-cash buyout of L&T's electrical and automation business.
The company had suffered a net loss of Rs 22.95 crore in the quarter ended March 31, 2018, a BSE filing said.
Given the huge potential in the electric vehicle charging space, the company displayed its EV charging infrastructure named EVLinks during an innovation summit on March 19-20 here, Schneider Electric said in a statement.
The British company's chief executive James Kidd said he was confident the merger would get over the line this time after two failed attempts to do a deal since 2015.
In 2011, Schneider Electric had acquired 74 percent of Luminous Power Technologies (LPT) for a total consideration of Rs 1,400 crore.
Schneider Electric acquired US-based Applied Instrument Technologies, Inc., a provider of online process analysers for the hydrocarbon, petrochemical, chemical, pharmaceutical and steel-making industries, Schneider Electric Senior Vice President Asia Pacific David Orgaz D'Hollander said.
"The plan is to keep doing what we do. We have 20,000 people in the country," Tricoire said, adding that the company has developed in India at a break-neck pace.
The alliance between Ministry of Skill Development & Entrepreneurship and Ministry of Education, France, to increase cooperation among entities from both the countries through public-private-partnership (PPP) models is aimed at addressing the huge skilled manpower gap in India's power sector.
The 27 billion euro MNC, Schneider Electric is preparing to make India its export hub on the back of government‘s policies such as Make in India, Digital India and Smart City Mission.
Singapore-based Business Excellence & Research Group (BERG), hosted its signature award - Icons of Spaces – the 3rd ...
The company has entered into a strategic alliance with Stanley Healthcare, an operating division of Stanley Black & Decker, to offer its solutions in India.
The aggressive capex and activity cuts may offer some modest upside to its USD 40 a barrel forecast over the next three months, but the risk to its longer-term USD 65 a barrel forecast is to the downside, Goldman said.
Windows Azure expands Schneider Electric's ability to rapidly deploy public, private and hybrid cloud solutions.
Marking 50 years of its presence in India, Schneider Electric, the global energy management expert, announced its new India brand campaign "50for50".
The datacentre infrastructure management software solution provides server access without the need for additional hardware.
The 3rd Edition Manufacturing IT Summit 2013 in collaboration with Bombay Chamber of Commerce & Industry, Manufacturers Association for Information Technology & Association for Information Technology will be taking place on May 17th 2013 at the JW Marriott Hotel in Mumbai.