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Nestle India Ltd. ( (IN:NESTLEIND) ) has shared an announcement.
Nestle India Limited has announced the addition of a new production line for Maggi Noodles at its Sanand Factory in Gujarat, increasing its capacity by approximately 20,600 tons per annum. This expansion, requiring an investment of ₹85 crore, is part of the company’s broader strategy to enhance production capabilities through planned capital expenditure in greenfield and brownfield projects from 2020-2025, aiming to meet future demand.
More about Nestle India Ltd.
Nestle India Limited is a prominent player in the food and beverage industry, known for its wide range of products including Maggi Noodles. The company focuses on expanding its production capabilities to meet increasing market demand.
Average Trading Volume: 67,619
Technical Sentiment Signal: Hold
Current Market Cap: 2222.2B INR
For detailed information about NESTLEIND stock, go to TipRanks’ Stock Analysis page.