Lauritz Knudsen, part of Schneider Electric Group, plans to invest Rs 850 crore over the next three years to strengthen its presence in India’s electrical sector. Following Schneider Electric’s Rs 14,000 crore acquisition of L&T Switchgear in 2020, the rebranded Lauritz Knudsen will uphold core values of innovation and excellence, focusing on India’s growth.
The company aims to enhance its low and medium voltage business and expand into renewable energy and e-mobility solutions, serving various sectors. Lauritz Knudsen has a significant manufacturing footprint, with 2.1 million square feet of factories and over 33 offices nationwide.
Lauritz Knudsen to Invest Rs 850 Crore in India’s Electrical Sector
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