Nestle India Ltd.

BSE: 500790 | NSE: NESTLEIND
Large Cap | Consumer Food
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Nestle India to spend Rs 250 crore on milk plant at Moga in Punjab

Date: 21-05-2013

Nestle India, country’s dairy major is likely to spend Rs 250 crore on expansion and modernization of its existing milk plant at Moga in Punjab. It had already invested nearly Rs 250 crore on its Moga plant earlier. The plant was its first unit launched in 1961 at Moga and it was termed as the ‘Jewel in Crown’ of their investments across the globe. 

The entity purchases raw material worth Rs 650-700 crore from Punjab annually. Currently, it is procuring milk from as many as 1,10,000 dairy farmers across the state. The entity is considering the proposals of the Chief Minister to set up a state-of-the-art composite dairy centre in collaboration with Punjab government comprising a super specialty veterinary hospital, model dairy farm, a breeding centre and a training facility for the dairy entrepreneurs in the state.