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Investment: Lauritz Knudsen to spend Rs.850cr to be part of growth trajectory

Fiinews by Fiinews
June 1, 2024
in Investment
Reading Time: 3 mins read
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Lauritz Knudsen

Branding Lauritz Knudsen.

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Herweck prioritizes innovation and excellence at Lauritz Knudsen

Newly branded Lauritz Knudsen aims to strategically invest approximately Rs.850 crores over the next three years, further establishing its role as a significant player in India’s rapid growth trajectory in the electrical sector pivotal role in driving innovation while enhancing global competitiveness http://sbi.co.in .

Peter Herweck, Chief Executive Officer at Schneider Electric, underscored, “Lauritz Knudsen’s vision prioritizes innovation and excellence, aligning closely with India’s growth story. Lauritz Knudsen https://www.lk.dk/ .”

Former L&T Switchgear (L&T Electrical and Automation), one of India’s leading electrical and automation brands and a pioneer in energy management, was baptised ‘Lauritz Knudsen Electrical and Automation’ on 30 May https://www.ibef.org/ .

Taking the 70+ years legacy of the L&T Switchgear brand forward with an even stronger customer focus, Lauritz Knudsen is poised to fortify its core LV and MV Business while continuing to build capabilities in areas like the new energy landscape encompassing renewables power generation and e-mobility solutions, serving varied segments including Infrastructure, Industries, buildings, homes, and agriculture https://www.investindia.gov.in/ .

In 2020, L&T Switchgear became a part of the Schneider Electric Group http://se.com following L&T’s Strategic Divestment of its Electrical and Automation (L&T E&A) business. L&T Switchgear will now be known as Lauritz Knudsen.

The company will strategically uphold its core values and unwavering dedication to ‘Viksit Bharat’ and continue to conceptualize, design, and make in India, for India and for the globe https://attentionindia.com/ .

This will accelerate the brand’s mission to drive innovation and excellence in the electrical domain, addressing the needs of India and global markets https://www.makeinindia.com/home/ .

“As we embrace the ‘Two Brands Two Sales’ strategy in India with Schneider Electric & Lauritz Knudsen brands, our aim will be to make an even stronger contribution in the transformative journey of India by offering unparalleled choices for our customers,” elaborated Deepak Sharma, Zone President – Greater India, MD & CEO of Schneider Electric India. “We will continue to Listen, Partner, and Innovate for a Viksit Bharat.”

Lauritz Knudsen boasts a robust manufacturing footprint spanning 2.1 million square feet of state-of-the-art factories, coupled with a nationwide presence encompassing 33+ offices across 500+ cities. As one of India’s largest electrical players, it remains committed to nurturing talent and fostering skill development. It has trained over 400,000 professionals through its six strategically located training centers in Pune, Delhi, Vadodara, Lucknow, Coonoor, and Kolkata. Lauritz Knudsen’s solutions power major marquee projects & infrastructure of the country including Power Plants, Refineries, Water and waste water management, Airports, Metro, Offices, Stadiums, Universities, Hospitals & more. Fiinews.com

Tags: Lauritz KnudsenSchneider Electric
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