Economy & Market

Ambuja Cement receives Rs.20 crore from Nestle

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According to reports, Nestle India has paid Rs 20 crore to Ambuja Cement for destroying Maggi instant noodles, which were found to be harmful for human consumption by the food regulators in the country. Ambuja Cements is believed to have been paid the amount for burning the recalled packets of Maggi noodles at its cement plant in Chandrapur in Maharashtra.

Earlier, Nestle India said it was in the process of destroying Maggi instant noodles worth Rs 320 crore after it was banned by the central food safety regulator FSSAI. FSSAI banned Maggi directing Nestle to immediately withdraw and recall all nine variants of Maggi instant noodles from market. Nestle India has also recalled the product from the market.

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