Schneider Electric

Schneider ties up with Vellore Institute to set up innovation centre

Schneider Electric on Monday announced its partnership with Vellore Institute of Technology (VIT) to establish a Centre of Excellence (CoE) in Smart City and Smart Factory Technologies at VIT's Vellore campus. The centre aims to advance innovation, research, and skill development in emerging domains critical to India's digital and sustainable future, the company said in a statement. The initiative reflects Schneider Electric's strong commitment to nurturing next-generation talent and creating opportunities for students to engage with cutting-edge technologies that are shaping the industries of tomorrow. The first batch will onboard 1,100 students with an aim to multiply manifold in the next few years. "Through this CoE, we aim to create a vibrant platform where ideas evolve into real-world applications driving innovation, research, and entrepreneurship in domains that will shape the smart cities and industries of the future," Deepak Sharma, Zone President - Greater India and MD &

Why open automation is India's moment to lead industrial digitalisation

India's diverse industrial landscape and talent pool position it to lead Industry 5.0. Open automation can drive competitiveness, resilience, and sustainable growth

Schneider Electric Infrastructure appoints Omkar Prasad as new CFO

Schneider Electric Infrastructure on Thursday announced the appointment of Omkar Prasad as its Chief Financial Officer from September 16, 2025. In a regulatory filing, the company said its board, in a meeting on Thursday, approved the resignation of Suparna Banerjee Bhattacharyya from the position of CFO, effective from the closure of business hours on September 15, 2025. The board has also approved the appointment of Omkar Prasad as Chief Financial Officer (designated as Key Managerial Personnel & Senior Managerial Personnel) of the company from September 16, 2025, the filing said. Prasad serves as Chief Accounting Officer for Greater India at Schneider Electric, encompassing operations across India, Sri Lanka and Bangladesh. With over two decades of experience in finance controllership, tax compliance, risk management and digital transformation, Prasad brings a wealth of expertise to this pivotal role. He leads a high-performing team with a strong focus on diversity, ...

Schneider to buy remaining 35% stake in India JV at €5.5 bn valuation

French electric equipment maker will acquire Temasek's stake, gaining full ownership and expanding its India operations

Schneider Electric mulls buying Temasek's 35% stake in Indian JV

Schneider is in talks to buy the 35 per cent stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion

Every dollar or energy saved is what you don't need to produce: Sharma

We have built almost 580 vocational training centres, where we have trained almost 300,000 plus youths so far, says Deepak Sharma, zone president, Greater India, MD & CEO of Schneider Electric India

Schneider Electric Infra net profit jumps multi-fold to Rs 55 crore in Q4

Schneider Electric Infrastructure on Monday posted a multi-fold rise in its net profit to Rs 54.61 crore in the March quarter, mainly due to higher revenues. The company had a net profit of Rs 3.28 crore in the quarter a year earlier, a regulatory filing showed. Its total income rose to Rs 592.60 crore in the quarter from Rs 475.38 crore in the year-ago period. For the full 2024-25 fiscal, the net profit rose to Rs 267.89 crore from Rs 172.03 crore a year ago. The total income in the fiscal increased to Rs 2,661.28 crore from Rs 2,215.98 crore in FY24.

Schneider Electric announces plans to open manufacturing plants in India

Energy management and automation major Schneider Electric on Saturday announced plans to open three more manufacturing plants in India. Speaking at the inaugural session of Elecrama 2025, Schneider Electric CEO Olivier Blum said that the company plans to make regular investments in India. The company currently has 31 manufacturing plants in the country. The three new plants will come up at Kolkata, Hyderabad and Ahmednagar, he said at the event organised by industry body IEEMA in Greater Noida. "India's focus on digitalization, sustainability, energy transition, and infrastructure modernization presents unparalleled opportunities for growth," Blum said. "We are leveraging AI and digitization to accelerate growth in the Indian energy sector. We believe that advanced technologies like digital grids, IoT-enabled distributed energy resources, microgrids, smart buildings, and smart cities will reduce emissions by 75% over the next 25 years," he added. Schneider has already announced ..

Goyal meets Schneider Electric CEO in Riyadh to discuss investment plans

Commerce and Industry Minister Piyush Goyal on Wednesday held a meeting with Peter Herweck, CEO of energy management and automation major Schneider Electric, in Riyadh and discussed the company's investment plans for India. The minister is in Saudi Arabia to discuss ways to further deepen the strategic partnership between the two countries and explore new avenues of trade, investment and economic cooperation. "Held a meeting with Mr Peter Herweck, CEO of @SchneiderElec, a global company specialising in energy management and digital automation with a strong presence in our country. Discussed the company's investment plans for India and how it can leverage the nation's talent pool and government support to provide high-tech, sustainable, and energy-efficient solutions to the world," Goyal said in a post on social media platform X. In March this year, Schneider Electric said that it will invest Rs 3,200 crore by 2026 to make India its manufacturing hub for domestic sales as well as ...

Schneider looks to raise India's share in industrial automation biz to 25%

In 2020, Schneider Electric completed the purchase of Larsen & Toubro's switchgear business which was acquired by Schneider Electric in 2020

Schneider Electric's stock zooms 10% after robust Q1FY25 performance

Shares of Schneider Electric Infrastructure soared up to 10 per cent to Rs 824 per share on the BSE in Tuesday's intraday deals

Schneider Electric invests Rs 200 crore in large campus in Bengaluru

It will be one of the company's largest employee campuses globally with a capacity to accommodate over 8,000 professionals.

Schneider Group-owned Lauritz Knudsen to invest Rs 850 crore in 3 years

L&T Switchgear, the electrical and automation arm of L&T, which Schneider Electric acquired in 2020, is rebranded as Lauritz Knudsen

Schneider Electric, Nvidia partner to optimise data centre infrastructure

Energy management and automation major Schneider Electric on Thursday said it has collaborated with NVIDIA to optimise data center infrastructure. Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA's advanced AI technologies to introduce the first publicly-available AI data center reference designs, according to a statement. These designs are set to redefine the benchmarks for AI deployment and operation within data center ecosystems, the statement said. "We're unlocking the future of AI for organisations," said Pankaj Sharma, Executive Vice President - Secure Power Division & Data Center Business at Schneider Electric. The collaboration will help organisations to overcome data center infrastructure limitations and unlock the full potential of AI, the statement said. In the first phase of this collaboration, Schneider Electric will introduce cutting-edge data center reference designs tailored for NVIDIA accelerated computing clusters and built

Schneider Electric Infra seeks nod to raise borrowing limit to Rs 900 cr

Schneider Electric Infrastructure will seek shareholders' approval to raise its total borrowing limit to Rs 900 crore from the existing Rs 550 crore through postal ballots. The e-voting for postal ballot will start at 9 am on Thursday and end at 5 pm on Friday, as per a BSE filing. The filing explained that the members, vide a special resolution passed through postal ballot on June 21, 2020, approved and authorised the board with the total borrowing limits up to Rs 550 crore. With an objective to have a scope for restructuring the financing avenues between external banks and intercompany loans with a headroom for future requirements to support business operations and working capital, the approval to increase borrowing limits is sought from the shareholders, it said. The company has proposed to enhance the borrowing limits, in excess of the aggregate of its paid-up share capital, free reserves and securities premium as per the latest annual audited financial statements, from the ...

Schneider Electric invests Rs 100 cr in new cooling factory in Bengaluru

Eighty-five per cent of the products manufactured in this factory will be exported, significantly catering to the data centre segment, as well as to buildings, industry, and infrastructure

Schneider Electric to invest Rs 3,200 crore to make India manufacturing hub

Energy management and automation major Schneider Electric said it will invest Rs 3,200 crore by 2026 to make India its manufacturing hub for domestic sales as well as exports. Under the plan, Schneider Electric on Thursday inaugurated a facility with Rs 100 crore investment to produce cooling solutions for data centres in Bengaluru. The company will invest Rs 3,200 crore for making India a manufacturing hub for the group, Schneider Electric India President-Greater India Zone and MD & CEO Deepak Sharma told PTI on the sidelines of plant inauguration. As part of this, the company will set up manufacturing facilities for its various products and solutions across India. He also informed that the company is setting up factories in Maharashtra, Karnataka, Gujarat, Telangana, Tamil Nadu, West Bengal, Uttarakhand and Odisha. Presently, the company has 30 factories across India, including the new cooling solutions factory inaugurated on Thursday. Sharma informed that the company is alread

For us, India may become larger than China: Schneider Electric CEO

Peter Herweck, chief executive officer (CEO), spoke to Amritha Pillay about India outpacing global growth, labour-related challenges, and growth drivers

Schneider Electric lines up Rs 3,200 cr capex by 2026: CEO, MD Sharma

Schneider Electric India has lined up an investment of Rs 3,200 crore by 2026 to increase its footprint in the country, company's CEO & MD Deepak Sharma said. The investments will be made in nine states, Sharma who is also the President Greater India region told PTI in an interaction. "In line with our growth ambitions, we have plans to invest EUR 350 million (Rs 3,200 crore) in expanding our industrial footprint with the addition of 12,00,000 square feet up to 2026. These investments are spread over Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand," Sharma said. When asked if the investments include setting up of green capacities, he said Schneider Electric aims to become net-zero in its operations by 2030, end-to-end carbon neutral value chain by 2040, and net-zero CO2 emissions across its entire value chain by 2050. "Our company is managing over 700 MW of renewable energy power purchase agreements and providing ...

Schneider Electric Infra board appoints Udai Singh as CEO, MD for 3 yrs

Schneider Electric Infrastructure board on Thursday appointed Udai Singh as its additional director, managing director and chief executive officer for three years. "Board of Directors of the company in their meeting held today, i.e. September 14, 2023, have inter-alia, considered and approved the appointment of Udai Singh as an Additional Director, Managing Director (MD) & Chief Executive Officer (CEO) of the Company, for a consecutive period of three (3) years from September 15, 2023, subject to the approval of shareholders of the company," a BSE filing said. Over the last 30+ years, Singh has held various roles in the areas of sales, marketing, projects and contract management, and manufacturing operations. Prior to his current role as Electrical Systems Equipment (ESE) - BU VP, Singh was heading Sales & After Sales for India, SAARC & Africa along with key account management. Singh holds a bachelor's degree in electrical engineering from IIT Varanasi and has undertaken ..