Shares of Nestle India jumped over 5 percent intraday on Monday after its popular noodles brand cleared tests conducted by Central Food Technological Research Institute (CFTRI). CFTRI has given a clean chit to Nestle's Maggi after tests under Supreme Court directive.
“CFTRI has submitted analysis reports on Maggi noodles to the Supreme Court. We have been provided with a copy of the reports. We are happy that all 29 samples tested by CFTRI are clear,” Nestle India said in a statement.
The reports state that lead levels for all samples are within permissible limits, it added.
“All 29 samples of Maggi Noodles,( the initial 13 and subsequent 16 samples), were collected by the relevant authorities following due process and then directly submitted to CFTRI,” Nestle India said.
The second batch of 16 samples were tested not only for lead and taste enhacer MSG, but also for other safety parameters like metal contaminants, crop contaminants, toxic substances that are applicable to instant noodles as a proprietary food.
“Every single sample was found compliant,” the company said.
The Supreme Court on December 16 last year, ordered testing of samples of Maggi noodles in Mysore laboratory after the National Consumer Disputes Redressal Commission (NCDRC) had directed that it be done in Chennai.
At 09:36 hrs Nestle India was quoting at Rs 6,110.05, up Rs 237.35, or 4.04 percent on the BSE.(With inputs from PTI)
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
