Shipping Corporation of India’s Swarna Pushp present process repairs on the Colombo Dockyard.
| Photo Credit: Special Arrangement
In India’s first worldwide shipyard acquisition, Mazagon Dock Shipbuilders Limited (MDL) final month acquired a 51% controlling stake in Sri Lanka’s Colombo Dockyard PLC (CDPLC), strengthening India’s maritime presence within the Indian Ocean Region. The course of, which started in January 2025, concluded after over a yr of regulatory and procedural steps. The transfer is seen as each strategically and commercially important for each international locations.
“This acquisition holds long-term significance for bilateral ties. CDPLC is a strong company with sound business practices. The move is mutually beneficial and has generated goodwill in Sri Lanka. We see significant synergies,” stated Captain Jagmohan, Chairperson and Managing Director of MDL.
Published – May 02, 2026 09:31 pm IST