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Mazagon Dock Shipbuilders Limited to acquire 51% stake in Colombo Dockyard for $52.9 million.

Jul 09, 2025•7 days ago

Contract Type

partnership

Description

Mazagon Dock Shipbuilders Limited (MDL) is set to acquire a controlling stake in Sri Lanka's Colombo Dockyard from Japan's Onomichi Dockyard for $52.9 million. This acquisition aims to strengthen India's strategic position in the Indian Ocean Region and signals closer ties between India and Sri Lanka.

Company Information

Company

Mazagon Dock Shipbuilders Limited

About

Mazagon Dock Shipbuilders Limited (MDL) is a leading public sector defence shipyard. It is known for its commitment to quality and innovation in shipbuilding. The company plays a crucial role in the defense sector of India. MDL focuses on delivering advanced warships and submarines.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months