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Mazagon Dock To Acquire Colombo Dockyard
Hindustan Times Amritsar
|June 28, 2025
Mazagon Dock Shipbuilders Limited (MDL) on Friday announced that it is set to acquire a controlling stake in Sri Lanka's largest and most established shipyard, Colombo Dockyard PLC (CDPLC), in a deal valued at up to $52.96 million (₹452.02 crore).
MUMBAI/NEW DELHI:
The deal will see India's largest state-run shipyard acquiring a 51% stake from Colombo Dockyard's majority shareholder, Japan's Onomichi Dockyard Co Ltd, according to a press release. After the acquisition is completed, CDPLC will become a subsidiary of MDL. MDL, Colombo Dockyard and Onomichi Dockyard signed a tripartite agreement on Friday, and officials said MDL's acquisition will be a force multiplier for CDPLC as it will bring in an order pipeline, investments, expertise and stability for the Sri Lankan company.
Dit verhaal komt uit de June 28, 2025-editie van Hindustan Times Amritsar.
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