Mazagon Dock Shipbuilders Ltd, India’s largest warship builder, has acquired a 51% controlling stake in Sri Lanka’s Colombo Dockyard PLC for ₹452 crore in an all-cash deal—marking the first overseas acquisition by an Indian shipyard.
Mazagon Dock acquires 51% in Colombo Dockyard for ₹452 crore, marking India’s first overseas shipyard deal and expanding maritime influence in Sri Lan...