Mukka Proteins' Joint Venture Secures ₹474.89 Crore Contract for Innovative Leachate Treatment in Bengaluru

2 min read     Updated on 06 Dec 2025, 03:18 PM
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Overview

Mukka Proteins Limited, known for fish product manufacturing, has entered the environmental solutions sector through a joint venture. The company secured a ₹474.89 crore contract from Bengaluru Solid Waste Management Limited for treating legacy leachate at Mittaganahalli and Kannur landfill sites. The four-year project, with Mukka holding a 76% stake in the JV, involves an estimated CAPEX of ₹100 crore and a six-month construction timeline. This strategic diversification aims to address environmental challenges, ensure zero untreated discharge, and potentially open new opportunities in environmental conservation efforts.

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*this image is generated using AI for illustrative purposes only.

Mukka Proteins Limited , a leading manufacturer and exporter of fish meal, fish oil, and fish-soluble paste, has announced a significant expansion into environmental solutions. The company's joint venture with Hardik Gowda and MS Jathin Infra Private Limited has been awarded a ₹474.89 crore contract by Bengaluru Solid Waste Management Limited (BSWML) for the treatment of legacy leachate at the Mittaganahalli and Kannur landfill sites in Bengaluru.

Key Details of the Contract

Aspect Details
Contract Value ₹474.89 crore (exclusive of GST)
Project Duration 4 years
Mukka's Stake in JV 76%
Estimated CAPEX ₹100 crore
Construction Timeline Approximately 6 months

Strategic Diversification

This contract marks a strategic shift for Mukka Proteins, expanding its operations beyond its core business of fish product manufacturing. The company's CEO and MD, Mr. Kalandan Mohammed Haris, emphasized the significance of this milestone, stating, "This order marks a transformative milestone for Mukka as we expand our capabilities into environmental and sustainability-led solutions."

Project Scope and Impact

The project involves the comprehensive treatment and safe disposal of legacy leachate accumulated at the Mittaganahalli and Kannur landfill sites. Legacy leachate, a long-standing pollution hazard in Bengaluru, poses significant risks to groundwater, lakes, and surrounding ecosystems. This initiative represents a crucial step towards restoring ecological balance and mitigating environmental challenges in these landfill regions.

Technological Expertise

Mukka Proteins' selection for this critical environmental project reflects the trust placed in its technical expertise and execution capabilities. The company's experience in managing over 2 MLD of fish wastewater across its fishmeal plants has demonstrated its ability to operate complex, large-scale treatment systems efficiently.

Environmental and Economic Implications

  1. Zero Untreated Discharge: The project aims to ensure no untreated leachate is released into the environment.
  2. Resource Efficiency: Advanced leachate-treatment technologies will promote resource-efficient circularity.
  3. Environmental Footprint Reduction: The initiative will significantly reduce the environmental impact of decades-old landfill sites.
  4. Future Opportunities: Success in this project could unlock new opportunities in environmental conservation efforts, given the presence of similar leachate-affected ponds in other regions.

Conclusion

This contract not only represents a significant business opportunity for Mukka Proteins but also aligns with broader environmental conservation efforts. As the company ventures into this new domain, it sets the stage for potential growth in the environmental solutions sector while contributing to sustainable urban development in Bengaluru.

Investors and industry observers will be keenly watching the execution of this project, as it could pave the way for similar initiatives across India, addressing the critical issue of legacy waste management in urban areas.

Historical Stock Returns for Mukka Proteins

1 Day5 Days1 Month6 Months1 Year5 Years
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Mukka Proteins Limited Secures Environmental Consent and Plans Strategic Investment in Middle East

2 min read     Updated on 13 Nov 2025, 04:44 PM
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Overview

Mukka Proteins Limited has received renewed Consent For Operation from Karnataka State Pollution Control Board for its subsidiary and group entities, valid until September 30, 2032. The company's Board has approved a 68% stake acquisition in United Gulf Fishery Products LLC for approximately Rs. 1.00 crore, expanding its presence in the Middle East. Mukka Proteins also reported strong financial performance for Q2 FY2026, with revenue from operations increasing by 63.93% year-over-year to Rs. 2,445.81 million.

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*this image is generated using AI for illustrative purposes only.

Mukka Proteins Limited , a leading player in the fish and insects protein industry, has announced two significant developments that underscore its commitment to environmental compliance and strategic growth.

Renewed Environmental Consent

The company has received renewed Consent For Operation (CFO-Air, Water) from the Karnataka State Pollution Control Board for its subsidiary Haris Marine Products Private Limited and group entities Mangalore Fish Meal & Oil Company and Ullal Fish Meal & Oil Company. This crucial approval, valid from November 12, 2025, to September 30, 2032, allows the company to continue its industrial activities while adhering to prescribed environmental standards.

The CFO is a mandatory approval under the Water (Prevention & Control of Pollution) Act, 1974, and the Air (Prevention & Control of Pollution) Act, 1981. It confirms that the company's processes, effluent treatment systems, and emission-control measures comply with the environmental standards set by the Pollution Control Board.

Strategic Investment in Middle East

In a move to expand its presence in the Middle East, Mukka Proteins Limited's Board of Directors has approved a strategic investment in United Gulf Fishery Products LLC. The company plans to acquire a 68% stake in United Gulf Fishery Products LLC for approximately Rs. 1.00 crore.

Key details of the acquisition include:

Aspect Details
Target Entity United Gulf Fishery Products LLC
Industry Manufacturing and trading of fish, seafood products, and animal feed
Acquisition Stake 68% of the company's capital
Consideration Cash payment of approximately Rs. 1.00 crore
Completion Timeline Expected by March 31, 2026

This investment aligns with Mukka Proteins Limited's strategic plans to leverage local presence and expertise in the Middle East market. The company is also evaluating the possibility of a future merger between this entity and another group company to achieve operational efficiencies and business synergies.

Financial Performance

For the quarter ended September 30, 2025, Mukka Proteins Limited reported the following consolidated financial results:

Metric Q2 FY2026 (in millions) Q2 FY2025 (in millions) YoY Change
Revenue from Operations Rs. 2,445.81 Rs. 1,491.94 63.93%
Total Income Rs. 2,505.81 Rs. 1,523.34 64.49%
Profit Before Tax Rs. 92.78 Rs. 10.51 782.78%
Profit for the Period Rs. 68.84 Rs. 14.71 368.05%

The company has shown significant year-over-year growth across all key financial metrics, indicating strong performance in the fish and insects protein segment.

These developments demonstrate Mukka Proteins Limited's commitment to sustainable operations and strategic expansion, positioning the company for continued growth in both domestic and international markets.

Historical Stock Returns for Mukka Proteins

1 Day5 Days1 Month6 Months1 Year5 Years
+2.20%+2.85%+7.04%-16.29%-37.89%-38.44%
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