In its biggest divestment so far, engineering conglomerate Larsen & Toubro (L&T) on Tuesday said it would sell its electrical and automation business (E&A) to France-headquartered Schneider Electric for a cash consideration of Rs 140 billion, reported Business Standard. The deal is important because it signals L&T’s exit from manufacturing in the real sense, a source … Continue reading L&T seals Rs 14,000 crore deal to sell electrical & automation unit to Schneider