Mazagon Dock’s ₹452 crore deal with Sri Lankan shipyard will boost India’s maritime power: Here’s how
Mazagon Dock Shipbuilders Limited (MDL) chose the first international acquisition with the control stake of Colombo Dishard PLC (CDPLC). La452 Crore.
In a regulatory file, the defense public sector will strengthen the position of Mazagon by unlocking operational synergies, unlocking operational synergies, increasing research development capacities and expanding access to the market.
India’s purchase of a shipyard abroad
The agreement is expected to be completed within 4 to 6 months, the purchase, the first example of a state and a private Indian shipyard, has acquired a shipyard abroad. Moneycontrol.
Colombo Discard PLC is a public company in Sri Lanka. The company, which has been involved in shipbuilding and ship repair business for more than 50 years, has been listed on the Colombo Securities Stock Exchange.
How will the agreement benefit MDL and India?
Mazagon Dock Shipbuilders President and General Manager of Limited (CMD) Captain Jagmohan Moneycontrol“This is not just a purchase, but also a passage.”
“It points to our first international edition and reflects our goal of transforming into a global shipbuilding business. With the strategic location of the Colombo Shipyard, proven abilities and strong regional presence, this step will position MDL as a key player in South Asia and formed the basis of our emergence as a global shipyard.”
A MDL spokesman said the Colombo Shipyard offers a strong operational base in the Indian Ocean region, a major maritime corridor in the world.
“With this purchase, MDL positions not only to strengthen its existence in the region, but also to increase its competitiveness in the field of global shipbuilding and maritime engineering.”
Colombo Tara
The Colombo Shipyard has existed since 1974 and specializes for various countries, including Japan, Norway, France, UAE, India and some other African countries, and specializes in producing open sea support vessels, cable floor ships, tankers and patrol boats. “The only shipyard in Sri Lanka providing services ranging from in -house design and construction to developed repair and maritime steel manufacturing in Sri Lanka.” He said.
According to the Company Financials, Colombo Delişisi La70.7 Crore in 2024. The Onomichi Shipyard, which is currently controlled by the company, applied for financial assistance from the Japanese and Sri Lanka governments.
The agreement with Mazagon Dock Shipbuilders is expected to benefit Colombo Darigkard. “MDL may hopes a financial return and long -term growth of the Colombo Shipyard, especially at the entrance to Indian and allied marine markets,” MDL’s technology support, access to Indian supply chains, especially MDL. He said. India Times.
