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Mazagon Dock Shipbuilders Limited to acquire 51% stake in Colombo Dockyard for $52.9 million.
Jul 09, 2025•11 months ago
Contract Type
partnership
Description
Mazagon Dock Shipbuilders Limited (MDL) is set to acquire a controlling stake in Sri Lanka's Colombo Dockyard from Japan's Onomichi Dockyard for $52.9 million. This acquisition aims to strengthen India's strategic position in the Indian Ocean Region and signals closer ties between India and Sri Lanka.
Company Information
Company
Mazagon Dock Shipbuilders Limited
About
Mazagon Dock Shipbuilders Limited (MDL) is a leading public sector defence shipyard. It is known for its commitment to quality and innovation in shipbuilding. The company plays a crucial role in the defense sector of India. MDL focuses on delivering advanced warships and submarines.
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