Mazagon Dock Shipbuilders Expands Regional Footprint with Colombo Dockyard Acquisition
Indian state-owned shipbuilder Mazagon Dock Shipbuilders Limited (MDL) has officially acquired Colombo Dockyard PLC (CDPLC) in Sri Lanka for ₹452 crore. This strategic transaction, finalized this week, marks a significant consolidation in the South Asian maritime sector, positioning MDL to bolster its production capacity while strengthening diplomatic and commercial ties between New Delhi and Colombo….