MDL Expands Global Footprint Through Colombo Dockyard Acquisition
Mazagon Dock Shipbuilders Limited (MDL) has acquired a 51% stake in Colombo Dockyard PLC for USD 26.8 million, marking India’s first international shipyard acquisition. This strategic move enhances MDL’s shipbuilding capabilities and aligns with India’s Maritime Amrit Kaal Vision 2047, reinforcing its influence in the Indian Ocean.