Stock Report

Nestle India Receives Approval Under Production Linked Scheme



Posted On : 2021-12-07 14:04:16( TIMEZONE : IST )

In June 2021, Nestle India Limited had submitted its proposal towards the Government of India's production linked scheme for the food processing sector under the eligible categories i.e., ready to eat / ready to cook and processed fruits & vegetables.

On 6th December 2021, Nestle India Limited received communication from the Government of India that its proposal w.r.t. processed fruits & vegetables has been approved. Nestle India Limited would like to thank the Government of India for approving its application under the Production Linked Incentive (PLI) Scheme. The Company has always believed that the PLI scheme for the food processing sector will help farmers and the food processing industries. It is overall a good step for an industry that has one of the better ratio of capital investment and employment generation.

Shares of Nestle India Limited was last trading in BSE at Rs. 18993.20 as compared to the previous close of Rs. 19305.40. The total number of shares traded during the day was 1962 in over 673 trades.

The stock hit an intraday high of Rs. 19480.00 and intraday low of 18925.45. The net turnover during the day was Rs. 37568855.00.

Source : Equity Bulls

Keywords

NestleIndiaLimited INE239A01016 PLIScheme Approval ProcessedFoods Fruits Vegetables