Mazagon Dock Shipbuilders Limited (MDL) will acquire a controlling stake in Colombo Dockyard PLC (CDPLC). The deal is valued at up to $52.96 million. CDPLC is Sri Lanka’s largest shipbuilding and repair facility. This acquisition provides MDL a strategic foothold in the Indian Ocean Region. This move aligns with Maritime Amrit Kaal Vision 2047. It strengthens India’s regional maritime influence.