NewzVille Desk
Mazagon Dock Shipbuilders Limited (MDL), India’s Public Sector Shipyard, has announced a significant step in its strategic evolution with the approval of a proposed acquisition of a controlling stake in Sri Lanka’s largest and most established shipyard, Colombo Dockyard PLC (CDPLC).
The investment, valued at up to USD 52.96 million, will be carried out through a combination of primary infusion and secondary share purchase, including the acquisition of shares from Onomichi Dockyard Co. Ltd., the current majority shareholder. Upon completion, subject to customary regulatory approvals and closing conditions, CDPLC will become a subsidiary of MDL.
This proposed acquisition marks MDL’s first international venture and is a major milestone in the company’s transformation from a purely domestic shipbuilder into a regional maritime player with global aspirations.
Strategically located within the Port of Colombo, CDPLC offers MDL a strong operational foothold in the Indian Ocean Region—one of the busiest and most geopolitically significant maritime corridors in the world.
Colombo Dockyard PLC brings to MDL more than five decades of experience in shipbuilding, ship repair, and heavy engineering. The company has a track record of delivering complex offshore support vessels, cable-laying ships, tankers, and patrol boats for clients across Japan, Norway, France, the UAE, India, and several African nations.
It is the only shipyard in Sri Lanka offering an integrated portfolio of services—ranging from in-house design and construction to advanced repair and marine steel fabrication. CDPLC operates four drydocks and multiple berths capable of handling vessels up to 125,000 DWT and maintains compliance with ISO and classification standards such as DNV, Lloyd’s Register, ABS, and IRS.
