Nestle India Ltd gets in principle approval from IPICOL for food processing unit at Mundaamba

Nestle India Ltd has received a letter dated 13th July 2023 from The Industrial Promotion & Investment Corporation of Odisha Limited (IPICOL) informing that the State Level Single Window Clearance Authority (SLSWCA) in its meeting held on 10th July 2023 has approved "in principle" the proposal of the Company for setting up a food processing unit at Mundaamba, Block - Jankia in the district of Khordha (Odisha) with an investment of about Rs. 894.10 Crore, subject to fulfilment of customary conditions by the Company.

Shares of Nestle India Limited was last trading in BSE at Rs. 23125.20 as compared to the previous close of Rs. 22820.75. The total number of shares traded during the day was 1980 in over 811 trades.

The stock hit an intraday high of Rs. 23199.95 and intraday low of 22600.00. The net turnover during the day was Rs. 45416400.00.

Source : Equity Bulls

Keywords

NestleIndia INE239A01016 FoodProcessingUnit IPICOL InPrincipleApproval Odisha Mundaamba