Colombo Dockyard PLC enters into a strategic collaboration with Mazagon Dock Shipbuilders Limited of India

► STRENGTHENING SRI LANKA'S MARITIME INDUSTRY AND ENHANCING NATIONAL ECONOMIC GROWTH

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Colombo Dockyard PLC, a public listed company, Sri Lanka's premier shipbuilding and ship repairing facility, announced the signing of a landmark strategic investment agreement with Mazagon Dock Shipbuilders Limited (MDL), India's premier shipyard renowned for its expertise in naval and commercial vessel construction.

As two of the leading names in the maritime industry, Mazagon Dock Shipbuilders Limited (MDL), proudly known as the “Shipbuilders to the Nation,” and Colombo Dockyard PLC, positioned as the “Frontiers of Sri Lankan Industrialization,” continue to strengthen the industrialization drive in Sri Lanka.

MDL has a strong reputation as a technologically advanced and high-quality shipbuilder for both Indian and overseas markets. MDL is a public sector enterprise, traded in the National Stock Exchange and Bombay Stock Exchange and is a “Navratna” status company, a recognition awarded by the Indian government to selected public sector undertakings (PSUs) that have demonstrated strong financial performance, operational efficiency and has financial autonomy.

This collaboration marks a significant milestone in the growth and development of Sri Lanka's maritime sector, offering substantial benefits to the nation and Colombo Dockyard alike.