Drain and grind the rice into a coarse paste. keep aside. In a heavy bottom, the pan adds milk. Add sugar and rice paste.

Put the pan on medium heat and keep stirring continuously till it starts bubbling.

Cook for 5-7 minutes stirring so that rice is cooked well and doesn't settle at the bottom.

Now add condensed milk,stir well and take off the heat.

Mix in cinnamon powder. Cool to room temp stirring from time to time.

Transfer into a serving dish. Chill it for 2hrs and serve garnished with chopped nuts.