Mazagon Dock Shipbuilders approved acquisition of a controlling stake in Sri Lanka's Colombo Dockyard PLC for up to $52.96 million. Approved on June 27, 2025, MDL will secure at least 51% equity, making CDPLC a subsidiary. This move strengthens MDL's position in ship repair and shipbuilding with completion expected in 4-6 months, enhancing synergies and market reach.