Nestle surges over 10 per cent after FSSAI lab finds Maggi safe

Mumbai: Shares of Nestle India rose sharply by over 10 per cent as the FSSAI-approved laboratory of Central Food Technological Research Institute (CFTRI) has  found Maggi noodles in compliance with the country's food  safety standards.  As a result, shares of the company jumped 10.17 per cent to Rs 7,000 on BSE.  On NSE, the stock rose 10.19 per cent to Rs 6,998.  CFTRI had tested five samples sent by the Goa Food and  Drug Administration (FDA) when Maggi was banned in June in the  wake of findings in Uttar Pradesh and other states that the  instant noodles brand had lead levels beyond permissible  limits. 

"The CFTRI finding shows that samples are in compliance  with the food safety standards as per the Food Safety and  Standards Rules, 2011," Goa FDA Director Salim A Veljee told  PTI.  In June this year, Nestle had to take Maggi off the  shelves after a few states decided to ban the noodles. FSSAI  had also banned Maggi instant noodles terming them "unsafe and  hazardous" for human consumption.