Marking its first international acquisition, India’s premier defence shipyard Mazagon Dock Shipbuilders Ltd (MDL) has secured a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for approximately Rs 249.5 crore ($26.8 million). The Mumbai-based defence public sector undertaking announced in a statement on April 9 that the deal brings Sri Lanka’s largest shipyard under its operational control, marking a transformative step in India’s maritime expansion strategy. The deal involves acquiring shares from Japan’s Onomichi Dockyard. The acquisition is strategically important for India to counter China’s growing maritime footprint in Sri Lanka. Beijing holds a 99-year lease for Hambantota Port and has regularly docked naval vessels in Colombo, raising alarms in New Delhi. MDL’s acquiring a controlling stake in CDPLC is also being seen as a geopolitical response to China’s increasing presence in Indian Ocean Region (IOR).End of ArticleFollow Us On Social MediaVideosUS-Iran Deal HITS DEAD END, Trump SHIFTS TO Pakistan Praise, Replays India-Pak War ClaimMEA Slams China’s ‘Mischievous Attempts’, Rejects Fictitious Names to Arunachal Pradesh LocationsUAE Visit: Jaishankar Conveys PM Modi’s Thanks, Highlights India’s Role In Regional StabilityMobile Internet Ban Extended After CRPF Firing Shocker That Killed ProtestersSwami Vivekananda’s First-Ever Life-Size Statue Unveiled In Seattle, US‘Had Great Difficulty’: Stranded Indian Fishermen In Iran Return Home Via Armenia‘India Is New Engine Of Globalisation, Becoming Attractive Investment Hub’: Former WEF DirectorJaishankar Meets UAE FM In Abu Dhabi, Discusses West Asia Situation And Strategic Partnership”Don’t Assume It’s Over” Rajnath Cautions On West Asia ConflictJag Vikram Leads Way, First Indian Ship Through Hormuz Post Ceasefire123PhotostoriesBest non-American sitcoms of all time: ‘Derry Girls’, ‘Schitt’s Creek’ and more10 dishes that make lentils feel anything but ordinarySaas-bahu relationships on Indian TV that were actually wholesome: Devyani-Simar, Sudha-Parvati and more7 iconic breakfasts people eat around the world5 best fantasy dramas to watch on Hulu: From ‘Outlander’ to ‘Attack on Titan’Life lessons hidden in your favourite TV sitcoms: ‘Friends’, ‘The Office’ and moreMumbai’s top 5 residential buildings redefining luxury and premium livingBefore your blood tests turn abnormal: 6 silent heart warning signs you’re missing, and how to fix them earlyTop temples in India to visit believed to bring wealth and prosperityAsha Bhosle passes away at 92: Ode to the voice behind generations of Bollywood’s divas, from Madhubala to Karisma Kapoor123Hot PicksIran war ceasefirePAN Card application 2026Purple cap winnerOrange cap winnerIPL Points TablePublic holidays April 2026Bank Holidays AprilTop TrendingAndhra Pradesh Girl MurderUS Iran talksMI vs RCB Today IPL MatchBadminton Championships FinalPune tempatureTS Inter 1st 2nd Year Result 2026Asha BhosleSara TendulkarSchool Holidays in AprilAyush Shetty

Marking its first international acquisition, India’s premier defence shipyard Mazagon Dock Shipbuilders Ltd (MDL) has secured a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for approximately Rs 249.5 crore (.8 million). The Mumbai-based defence public sector undertaking announced in a statement on April 9 that the deal brings Sri Lanka’s largest shipyard under its operational control, marking a transformative step in India’s maritime expansion strategy. The deal involves acquiring shares from Japan’s Onomichi Dockyard. The acquisition is strategically important for India to counter China’s growing maritime footprint in Sri Lanka. Beijing holds a 99-year lease for Hambantota Port and has regularly docked naval vessels in Colombo, raising alarms in New Delhi. MDL’s acquiring a controlling stake in CDPLC is also being seen as a geopolitical response to China’s increasing presence in Indian Ocean Region (IOR).End of ArticleFollow Us On Social MediaVideosUS-Iran Deal HITS DEAD END, Trump SHIFTS TO Pakistan Praise, Replays India-Pak War ClaimMEA Slams China’s ‘Mischievous Attempts’, Rejects Fictitious Names to Arunachal Pradesh LocationsUAE Visit: Jaishankar Conveys PM Modi’s Thanks, Highlights India’s Role In Regional StabilityMobile Internet Ban Extended After CRPF Firing Shocker That Killed ProtestersSwami Vivekananda’s First-Ever Life-Size Statue Unveiled In Seattle, US‘Had Great Difficulty’: Stranded Indian Fishermen In Iran Return Home Via Armenia‘India Is New Engine Of Globalisation, Becoming Attractive Investment Hub’: Former WEF DirectorJaishankar Meets UAE FM In Abu Dhabi, Discusses West Asia Situation And Strategic Partnership”Don’t Assume It’s Over” Rajnath Cautions On West Asia ConflictJag Vikram Leads Way, First Indian Ship Through Hormuz Post Ceasefire123PhotostoriesBest non-American sitcoms of all time: ‘Derry Girls’, ‘Schitt’s Creek’ and more10 dishes that make lentils feel anything but ordinarySaas-bahu relationships on Indian TV that were actually wholesome: Devyani-Simar, Sudha-Parvati and more7 iconic breakfasts people eat around the world5 best fantasy dramas to watch on Hulu: From ‘Outlander’ to ‘Attack on Titan’Life lessons hidden in your favourite TV sitcoms: ‘Friends’, ‘The Office’ and moreMumbai’s top 5 residential buildings redefining luxury and premium livingBefore your blood tests turn abnormal: 6 silent heart warning signs you’re missing, and how to fix them earlyTop temples in India to visit believed to bring wealth and prosperityAsha Bhosle passes away at 92: Ode to the voice behind generations of Bollywood’s divas, from Madhubala to Karisma Kapoor123Hot PicksIran war ceasefirePAN Card application 2026Purple cap winnerOrange cap winnerIPL Points TablePublic holidays April 2026Bank Holidays AprilTop TrendingAndhra Pradesh Girl MurderUS Iran talksMI vs RCB Today IPL MatchBadminton Championships FinalPune tempatureTS Inter 1st 2nd Year Result 2026Asha BhosleSara TendulkarSchool Holidays in AprilAyush Shetty


Mazagon Dock acquires controlling stake in Colombo dockyard for $26.8 mn

Marking its first international acquisition, India’s premier defence shipyard Mazagon Dock Shipbuilders Ltd (MDL) has secured a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for approximately Rs 249.5 crore ($26.8 million). The Mumbai-based defence public sector undertaking announced in a statement on April 9 that the deal brings Sri Lanka’s largest shipyard under its operational control, marking a transformative step in India’s maritime expansion strategy. The deal involves acquiring shares from Japan’s Onomichi Dockyard. The acquisition is strategically important for India to counter China’s growing maritime footprint in Sri Lanka. Beijing holds a 99-year lease for Hambantota Port and has regularly docked naval vessels in Colombo, raising alarms in New Delhi. MDL’s acquiring a controlling stake in CDPLC is also being seen as a geopolitical response to China’s increasing presence in Indian Ocean Region (IOR).



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