Schneider Electric India commits Rs 32 bn investment for growth by 2026
22 Sep 2023
2 Min Read
CW Team
Schneider Electric India, under the leadership of its CEO & MD, Deepak Sharma, has announced an extensive investment plan of Rs 3,200 crore to bolster its presence in India by 2026. Sharma, who also holds the position of President for the Greater India region, disclosed these investment details during an interview with PTI.
In line with the company's growth aspirations, Schneider Electric India is poised to allocate EUR 350 million (equivalent to Rs 3,200 crore) towards expanding its industrial footprint. This expansion initiative involves adding an impressive 1,200,000 square feet of infrastructure by 2026. The investment will be distributed across nine states, including Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand.
When questioned about the nature of these investments, Sharma emphasised Schneider Electric's commitment to sustainability. The company aims to achieve net-zero operations by 2030, establish a fully carbon-neutral value chain by 2040, and eliminate net CO2 emissions throughout its entire value chain by 2050.
Highlighting the company's current efforts in renewable energy, Sharma stated that Schneider Electric India manages over 700 MW of renewable energy power purchase agreements, providing sustainable solutions that encompass on-site solar installations and the procurement of off-site solar and wind energy. Notably, Schneider Electric's solutions power approximately 15% of the solar energy installations in India.
Under its Luminous brand, Schneider Electric is responsible for powering 100 million homes through inverters, batteries, and solar energy solutions. Additionally, the company is actively involved in supplying 1.5 million prepaid smart meters to Energy Efficiency Services (EESL) in Bihar, Haryana, and Uttar Pradesh. Schneider Electric plans to continue deploying feature-rich smart meters for projects falling under the revamped distribution sector scheme (RDSS).
Schneider Electric India, a subsidiary of the French conglomerate Schneider Electric, currently operates 30 active factories across the country, including five smart factories situated in Hyderabad, Bengaluru, and Chennai.
Schneider Electric India, under the leadership of its CEO & MD, Deepak Sharma, has announced an extensive investment plan of Rs 3,200 crore to bolster its presence in India by 2026. Sharma, who also holds the position of President for the Greater India region, disclosed these investment details during an interview with PTI.
In line with the company's growth aspirations, Schneider Electric India is poised to allocate EUR 350 million (equivalent to Rs 3,200 crore) towards expanding its industrial footprint. This expansion initiative involves adding an impressive 1,200,000 square feet of infrastructure by 2026. The investment will be distributed across nine states, including Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand.
When questioned about the nature of these investments, Sharma emphasised Schneider Electric's commitment to sustainability. The company aims to achieve net-zero operations by 2030, establish a fully carbon-neutral value chain by 2040, and eliminate net CO2 emissions throughout its entire value chain by 2050.
Highlighting the company's current efforts in renewable energy, Sharma stated that Schneider Electric India manages over 700 MW of renewable energy power purchase agreements, providing sustainable solutions that encompass on-site solar installations and the procurement of off-site solar and wind energy. Notably, Schneider Electric's solutions power approximately 15% of the solar energy installations in India.
Under its Luminous brand, Schneider Electric is responsible for powering 100 million homes through inverters, batteries, and solar energy solutions. Additionally, the company is actively involved in supplying 1.5 million prepaid smart meters to Energy Efficiency Services (EESL) in Bihar, Haryana, and Uttar Pradesh. Schneider Electric plans to continue deploying feature-rich smart meters for projects falling under the revamped distribution sector scheme (RDSS).
Schneider Electric India, a subsidiary of the French conglomerate Schneider Electric, currently operates 30 active factories across the country, including five smart factories situated in Hyderabad, Bengaluru, and Chennai.
Next Story
ClickPost Launches Atlas to Benchmark E-commerce Logistics
ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost鈥檚 proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights鈥攆rom fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data鈥攁llowing brands to identify operational..
Next Story
Kalyani Launches Two New LivingTree Towers in Bengaluru
Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23鈥�24 fl..
Next Story
Blue Water Logistics IPO opens May 27
Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..
