MDL Acquires Majority Stake in Colombo Dockyard, Counters Chinese Influence in Indian Ocean
In a significant strategic move, Mazagon Dock Shipbuilders Ltd (MDL) has acquired a 51.3% stake in Colombo Dockyard PLC (CDPLC), Sri Lanka’s largest shipbuilding and repair facility, for $52.96 million (₹441 crore). This marks a major overseas expansion for the…
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