Schneider, Eaton Frontrunners To Buy L&T’s Electrical Business

Schneider, Eaton Frontrunners To Buy L&T’s Electrical Business

Schneider Electric SE, the French industrial multinational and Eaton Corp have emerged as the top contenders to acquire Larsen & Toubro’ electric and automation division for Rs 15,000-Rs 17,000 crore as India’s largest engineering group looks to prune its portfolio and exit non-core areas, said three officials aware of the ongoing developments.