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Nestle scales down operations amid lockdown

Business Finance

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Nestle India in a regulatory filing announced it is ensuring compliance with the directives issued by the Central Government, State Governments and local administration in terms of lockdown.

The company said the operations in some of the locations (manufacturing, distribution centres/ warehouses, offices, suppliers) are scaled down or suspended. As Nestle is in the manufacture and sale of food and beverage products, the company is in discussion with the authorities to continue operations in the factories/ distribution centres where the operations has been suspended.

The Company has already adopted Work from Home for all employees at its head office and regional offices effective from the last week to minimize the risk and contain the spread of COVID-19.

Lastly, the company said the impact on the operations of the company cannot be assessed at this point.

Shares of Nestle India were trading 3.44% higher at Rs 14021.60 on BSE.

Nestle India operates in the Food segment. The firm food business incorporates product groups, which include milk products and nutrition, beverages, prepared dishes and cooking aids, and chocolate and confectionery.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 25 2020. 09:23 IST