L&T to sell its electrical unit to Schneider for â¹14,000 cr
India's largest engineering conglomerate Larsen & Toubro has agreed to sell its electrical and automation business to European multinational Schneider Electric for â¹14,000 crore. The deal is a  part of L&T's plan to sell its non-core businesses. The unit with manufacturing facilities in countries including India, Kuwait, Saudi Arabia, UAE and the UK reported revenues of â¹5,038 crore in 2016-17.