Schneider Electric Infrastructure shares rose sharply after its French parent announced a partnership with Foxconn to develop solutions for AI infrastructure.
The Indian-listed unit saw its stock hit the upper circuit limit on the news.
Schneider Electric will work with the Taiwan-based company on projects involving the construction and operation of data centers and related facilities.
Analysts noted that the Indian subsidiary stands to gain from the global agreement.
Production under the initiative is scheduled to begin later in 2026.
