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.
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