Mazagon Dock makes first international acquisition with controlling stake in Colombo Dockyard
New Delhi: Mazagon Dock Shipbuilders Limited (MDL) on Friday said it has decided to acquire a controlling stake in Colombo Dockyard PLC (CDPLC), which is Sri Lanka’s largest shipbuilding and repair facility.
The deal, valued at around $52.96 million, marks Mazagon Dock's first-ever international acquisition and aligns with India’s Maritime Amrit Kaal Vision 2047, which aims to strengthen the country’s maritime industry.
Mazagon Dock is a defence public sector undertaking that specialises in building and repairing warships, submarines, and a wide range of other vessels for the Indian Navy and other clients.
MDL is set to acquire a controlling stake in Colombo Dockyard PLC, Sri Lanka’s largest shipyard, in a deal worth up to $52.96 million, marking the company's first international acquisition, it said on X (formerly Twitter).
🔶#MDL is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s largest shipyard, in a deal worth up to USD 52.96 million. This marks MDL’s first international acquisition.Located in the Port of Colombo, CDPLC gives MDL a strategic foothold in the Indian… pic.twitter.com/B6ff1Pq053
— Mazagon Dock Shipbuilders Limited (@MazagonDockLtd) June 27, 2025
Colombo Dockyard PLC, located in the Port of Colombo will provide MDL a strategic edge in the Indian Ocean Region.
The deal, which positions MDL as a critical player in the key maritime corridor, ushers MDL into an era of transformation from a domestic shipbuilder to a reginal maritime player with global ambitions.
This move strengthens India’s regional maritime influence and expands MDL’s global reach, the company said in the official statement.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
