Mazagon Dock Shipbuilders’ $52.96 Million Acquisition of Colombo Dockyard: Strategic Expansion Into The Indian Ocean

Mazagon Dock Shipbuilders Limited (MDL), India’s largest state-run shipyard, has announced the acquisition of a controlling 51% stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s premier and most established shipyard, for up to $52.96 million (approximately ₹452 crore).The transaction, marking MDL’s first international acquisition, involves purchasing shares from Onomichi Dockyard Co. Ltd—the
Mazagon Dock Shipbuilders Limited (MDL), India’s largest state-run shipyard, has announced the acquisition of a controlling 51% stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s premier and most established shipyard, for up to $52.96 million (approximately ₹452 crore).The transaction, marking MDL’s first international acquisition, involves purchasing shares from Onomichi Dockyard Co. Ltd—the
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