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MDL Eyes Global Play With Colombo Dockyard Buyout
Mint Kolkata
|June 28, 2025
Mazagon Dock Shipbuilders Has Plans To Acquire A Controlling Stake In The Sri Lankan Asset For Up To $52.96 Million
The Mazagon Dock Shipbuilders (MDL), India's public sector shipyard, announced a "proposed acquisition" of a controlling stake in Sri Lanka's largest established shipyard, Colombo Dockyard PLC valued at around $52.96 million, it said in a statement on Friday.
This is MDL's first international venture and is a major milestone in its transformation from a domestic shipbuilder into a regional maritime player with global aspirations, it added.
Dit verhaal komt uit de June 28, 2025-editie van Mint Kolkata.
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