Mukka Proteins Limited announced that its joint venture (JV) has won a ₹474-crore order from Bengaluru Solid Waste Management Limited. The development has boosted investor sentiment, positioning the company for expansion beyond its core animal protein business.
Contract Highlights
The JV, formed with Hardik Gowda and MS Jathin Infra, has been awarded a work order valued at ₹4,74,89,14,500 (excluding GST). The contract covers the treatment and disposal of legacy leachate at the Mittaganahalli and Kannur landfill sites in Bengaluru.
The project is scheduled for completion within four years, though timelines may shorten if the waste is fully processed ahead of schedule.
About Mukka Proteins
Mukka Proteins is among India’s leading producers of animal protein products, including fish meal, fish oil, fish soluble paste, and emerging sustainable alternatives such as black soldier fly (BSF) insect meal. The company is considered a pioneer in India’s fishmeal industry and operates one of the first steam-sterilised fishmeal plants in the country.
Mukka Proteins also holds EU certification and approval from China’s AQSIQ, reflecting its global compliance and export capability.
Summary
Mukka Proteins’ stock jumped 20% after its joint venture secured a ₹474-crore government contract for landfill leachate treatment in Bengaluru. The four-year project marks a significant diversification milestone for the company and reinforces investor confidence.
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