Mukka Proteins JV awarded First-of-its-Kind order of ₹474.89 crore for scientific treatment of legacy leachate

Mukka Proteins Limited ("Mukka"), a leading manufacturer and exporter of fish meal, fish oil, and fish-soluble paste, announced that its joint venture with Hardik Gowda and MS Jathin Infra Private Limited has been awarded a prestigious ₹474.89 crore (exclusive of GST) contract by Bengaluru Solid Waste Management Limited (BSWML). Mukka holds a 76% stake in this JV, reinforcing its leadership position and strategic diversification into sustainability-driven solutions.

Strategic Diversification into Large-Scale Leachate Treatment segment:

The contract covers the comprehensive treatment and safe disposal of legacy leachate accumulated at the Mittaganahalli and Kannur landfill sites in Bengaluru. Construction of the treatment facility is expected to take approximately 6 months, while the overall project duration is 4 years. The order allotment serves as a strong validation of Mukka Proteins' technical capability and operational excellence. Awarded after a competitive bidding process, this first-of-its-kind large-scale project underscores the Company's proven strengths in niche environmental technologies and complex project execution.

The Government's confidence stems from the Company's extensive experience in managing over 2 MLD of fish wastewater across its fishmeal plants, demonstrating its ability to run complex, large-scale treatment systems efficiently. With an estimated CAPEX of ~₹100 crore and an order value of ₹474.89 crore, the contract is positioned as a strong high-return project for the Company.

Unlocking New Opportunities in Environmental Conservation:

Legacy leachate has long been a major pollution hazard in Bengaluru, posing risks to groundwater, lakes and surrounding ecosystems. This project represents a significant step toward restoring ecological balance, preventing contamination, and mitigating long-standing environmental challenges in these landfill regions. Its execution will unlock new opportunities, given the presence of similar leachateaffected ponds further advancing environmental conservation efforts.

By deploying advanced leachate-treatment technologies and rigorously engineered disposal processes, the project will ensure zero untreated discharge, promote resource-efficient circularity, and significantly reduce the environmental footprint of decades-old landfill sites. It represents a major step toward transforming waste-challenged urban zones into sustainable, future-ready ecosystems.

Mr. Kalandan Mohammed Haris, CEO & MD, Mukka Proteins Limited, said, "This order marks a transformative milestone for Mukka as we expand our capabilities into environmental and sustainability-led solutions. Our JV's selection for one of Bengaluru's most critical environmental projects reflects the trust placed by government of Karnataka in our technical expertise and execution capabilities of handling large-scale waste water management across our multiple fish processing plants. The treatment of legacy leachate is essential for safeguarding water bodies and communities. We are committed to delivering this project to the highest scientific and regulatory standards. By deploying proven and scalable technologies tailored to the complex nature of legacy leachate, we aim to contribute meaningfully to public health, ecological restoration and long-term environmental protection. We are proud to partner with BSWML to restore, rehabilitate, and protect Bengaluru's ecological future."

Shares of Mukka Proteins Limited was last trading in BSE at Rs. 25.97 as compared to the previous close of Rs. 25.51. The total number of shares traded during the day was 79825 in over 533 trades.

The stock hit an intraday high of Rs. 26.33 and intraday low of 25.58. The net turnover during the day was Rs. 2075662.00.

Source : Equity Bulls

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