India Ltd launches world's no. 1 cocoa-malt beverage - MILO in India. The company made this announcement post market hours on August 19.
Mr. Suresh Narayanan, Chairman and Managing Director, Nestle India said "It is a proud moment for Nestle India and I am delighted to announce the launch of the world's no. 1 cocoa-malt beverage - MILO in India. MILO has a rich legacy, having nourished young champions around the world for more than 85 years by providing nutritious energy and the inspiration to grow with sports. Over 36 million serves of MILO are consumed daily in more than 50 countries across the world. The product is being manufactured at a state of the art factory in Singapore and is specifically tailored for the Indian consumer. This launch further expands the MILO brand in India and is in line with our unwavering promise to provide tastier and healthier products to our valued consumers".
About MILO - A nutritionally superior product is powered by ACTIV-GO™, which contains PROTOMALT®, a unique malt extract, and a specifically-designed combination of 9 essential micronutrients (vitamin 82, 83, 86, 812, C, D and important minerals calcium, iron, phosphorus) that support efficient energy release in the body."
Nestle India Ltd ended at Rs12,050 up by Rs38.9 or 0.32% from its previous closing of Rs12,011.10 on the BSE.