Mukka Proteins to Revolutionize Bengaluru's Waste Management with 300 TPD Black Soldier Fly Plant
Mukka Proteins Limited has been empanelled as an Authorized Waste Processor by Bengaluru Solid Waste Management Limited. The company will use Black Soldier Fly technology to process 200-300 MTPD of wet waste initially, with plans to scale up to 1,000 TPD. The process will produce insect protein for fish feed and pet food supplements, as well as organic compost. This project follows the success of a similar facility in Mangaluru, which was praised by Prime Minister Modi. Mukka Proteins is also proposing amendments to its MOA to expand into insect-based products, waste management solutions, and agricultural inputs manufacturing.
Mukka Proteins Limited announced Q1 financial results with improved EBITDA but lower net profit. EBITDA grew to 145.00 million rupees, up 3.57% year-over-year, with margin improving to 8.49%. However, consolidated revenue slightly decreased to 1.65 billion rupees, and net profit fell 64.29% to 15.00 million rupees. The company's revenue is predominantly from international markets. Strategic initiatives include increasing stake in Ocean Proteins Private Limited and plans to acquire stakes in other companies. Mukka Proteins also expanded its business objectives to include insect-based ingredients, waste management, and agricultural products.
04Aug 25
Mukka Proteins Limited Acquires 70% Stake in Vietnam Subsidiary for 165.14 Million VND
Mukka Proteins Limited has signed an agreement to acquire a 70% stake in Mukka Proteins Vietnam Co., Ltd. for 165,144,000 Vietnamese Dong. The acquisition, subject to regulatory approvals, will make the Vietnamese entity a subsidiary of Mukka Proteins Limited. This move is part of the company's strategy to expand its international presence, particularly in Southeast Asia. The transaction is not a related party deal and does not involve special rights or restrictions.
26Jul 25
Mukka Proteins Expands with Strategic Acquisitions and Rs 35.37 Crore Guarantee
Mukka Proteins Limited has approved three strategic decisions: a Rs 35.37 crore corporate guarantee for Ocean Proteins Private Limited, acquisition of 51% stake in Mukka Frozen Impex for up to Rs 5.00 crore, and acquisition of 70% stake in Mukka Proteins Vietnam Co., Ltd. for up to Rs 0.10 crore. These moves aim to expand the company's core business in fish and marine products, both domestically and internationally.
Mukka Proteins announced its Q4 financial results, showing a 50% year-over-year decline in net profit to ₹136.00 crore. However, revenue increased by 46.15% to ₹3,800.00 crore. The company's quarterly performance showed significant improvements, with revenue up 103.29% and net profit up 1686.67% compared to the previous quarter. Operating profit margin improved to 11.61% from 3.60% in Q3.
26Mar 25
Mukka Proteins Expands Portfolio with Strategic Acquisitions and Investments
Mukka Proteins Limited has announced several strategic moves: acquiring a 51% stake in GSM Marine Export for ₹14 crore, planning to acquire a 51% stake in FABBCO for ₹60 crore, and approving a corporate guarantee of up to ₹7.50 crore for Shipwaves Online Limited. These actions aim to expand the company's business portfolio in the fish meal, fish oil, and animal feed sectors.
25Mar 25
Mukka Proteins Expands Portfolio with Strategic Investments and Corporate Guarantee
Mukka Proteins Limited is acquiring a 51% stake in GSM Marine Export for ₹14 crore and a 51% stake in FABBCO Bio Cycle and Bio Protein Technology for ₹6 crore. The company is also providing a ₹7.50 crore corporate guarantee to Shipwaves Online Limited. These moves aim to strengthen Mukka's position in fish meal, fish oil, animal feed, and waste processing sectors.
06Mar 25
Mukka Proteins Secures Major Purchase Orders Worth ₹442.8 Crore, Boosting Order Book to ₹200 Crore
Mukka Proteins Limited has received significant purchase orders totaling ₹442.8 crore for fish meal and oil supply. This includes a domestic order of ₹31.77 crore from Avanti Feeds Limited and international orders worth approximately ₹10.61 crore from Vietnam and another overseas client. The company's total order book has now reached ₹200 crore, with immediate execution planned for all orders. This development showcases Mukka Proteins' strong market position and growing global presence in the fish meal and oil industry.
05Mar 25
Mukka Proteins Secures Major Purchase Orders Worth ₹442.8 Crore, Boosting Order Book to ₹200 Crore
Mukka Proteins Limited has received purchase orders totaling ₹442.8 crore for fish meal and oil supply. This includes a domestic order of ₹31.77 crore from Avanti Feeds Limited and international orders worth ₹8.7 crore from Mukka Proteins Vietnam Co., Ltd and ₹1.91 crore from Padma Feed & Chicks Ltd. The company's total order book has now reached approximately ₹200 crore. These orders are set for immediate execution, potentially boosting the company's revenue stream. The company has disclosed this information in compliance with SEBI regulations, confirming no related party transactions are involved.