Latest news with #SriLankan
Mint
3 hours ago
- Business
- Mint
Mazagon Dock's ₹452 crore deal with Sri Lankan shipyard will boost India's maritime power: Here's how
Mazagon Dock Shipbuilders Limited (MDL) picked its first international acquisition with a controlling stake of Colombo Dockyard PLC (CDPLC) in an all-cash deal capped at ₹ 452 crore. The acquisition will strengthen Mazagon's position in the ship repair and shipbuilding industry by unlocking operational synergies, enhancing research development capacities and expanding market reach, the defence public sector undertaking said in a regulatory filing. The deal is expected to be completed within 4 to 6 months, with the acquisition being the first instance of an Indian shipyard, both state-owned and private, acquiring a shipyard overseas, according to Moneycontrol. Colombo Dockyard PLC is a publicly listed company in Sri Lanka. It is engaged in the business of shipbuilding and ship repair for over 50 years, the company is listed on the Colombo Stock Exchange. Captain Jagmohan, chairman & managing director (CMD) of Mazagon Dock Shipbuilders Limited told Moneycontrol, "This is not just an acquisition, it is a gateway.' 'It marks our first international foray and reflects our ambition to transform into a global shipbuilding enterprise. With Colombo Dockyard's strategic location, proven capabilities, and strong regional presence, this step will position MDL as a key player in South Asia and lay the foundation for our emergence as a global shipyard," he said. An MDL spokesperson also mentioned that the Colombo Dockyard offers Mazagon Dock a strong operational foothold in the Indian Ocean Region (IOR), which is a major maritime corridor in the world. "With this acquisition, MDL positions itself not only to strengthen its presence in the region (IOR) but also to enhance its competitiveness in the global shipbuilding and marine engineering arena," the spokesperson added Colombo Dockyard has been around since 1974 and specialises in manufacturing offshore support vessels, cable-laying ships, tankers, and patrol boats for several countries, including Japan, Norway, France, the UAE, India, and several other African nations. "It is the only shipyard in Sri Lanka that offers services ranging from in-house design and construction to advanced repair and marine steel fabrication," the MDL official said. According to the company financials, Colombo Dockyard reported losses of around ₹ 70.7 crore in 2024. Onomichi Dockyard, which currently controls the company, applied for financial relief from the Japanese and Sri Lankan governments. The deal with Mazagon Dock Shipbuilders is expected to benefit Colombo Dockyard. "With MDL's support, particularly in technology support, access to Indian supply chains, and entry into Indian and allied maritime markets, Colombo Dockyard can hope for a financial turnaround and long-term growth," an MDL official told The Times of India.
Hindustan Times
3 hours ago
- Hindustan Times
Coast Guard apprehends 3 Sri Lankans for illegal entry
Jun 28, 2025 03:31 PM IST The Indian Coast Guard on Saturday apprehended three Sri Lankan nationals for allegedly trying to enter into the country illegally, a PIB (Defence) release here said. The three men were brought to Mandapam and handed over to the Tamil Nadu Marine Police.(AFP) The Coast Guard Hovercraft ACV H197 sighted a group of three persons at the "4th Island at about 0800 hrs today while being on routine surveillance." "The ACV swiftly moved and apprehended them. The interrogation established that all three personnel are Sri Lankan nationals attempting illegal migration from Mannar," it said. The three men were brought to Mandapam and handed over to the Tamil Nadu Marine Police for further investigation, it added.
Time of India
4 hours ago
- Time of India
Indian Coast Guard rescues three Sri Lankans near Tamil Nadu's Dhanushkodi
The Indian Coast Guard (ICG) successfully rescued three Sri Lankan nationals who had been abandoned on a sandbar near Adam's Bridge, off the coast of Dhanushkodi in Tamil Nadu, officials said on Saturday. According to the Coastal Security Group Police , the trio had set off from Sri Lanka in an unidentified boat, which dropped them off on the sandbar located in Indian waters. "Three Sri Lankans who had set off from Sri Lanka to Dhanushkodi (Tamil Nadu) in an unidentified boat were dropped off at a sandbar by Adam's Bridge near Dhanushkodi. The Indian Coast Guard rescued them, brought them to Dhanushkodi and handed them over to the Coastal Security Group Police. An investigation is underway," said the Coastal Security Group Police in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Specialist Down Jackets for Ultralight Adventures Trek Kit India Learn More Undo Further investigation is still underway. Earlier, on Thursday, the Indian Coast Guard (ICG) marked a significant milestone in maritime security and indigenous shipbuilding with the induction of Yard 1271 'Adamya', the first Fast Patrol Vessel (FPV) under the prestigious 08 FPV Project, at Goa Shipyard Limited (GSL), as per a release. Live Events Designed and built entirely by GSL, 'Adamya' exemplifies India's growing shipbuilding capability and represents a major stride towards the nation's vision of Atmanirbhar Bharat (self-reliant India). With over 60 per cent indigenous content, the vessel underscores the success of the 'Make in India' initiative in the defence sector.'Adamya' is the first ship in its class within the ICG fleet to feature Controllable Pitch Propellers (CPPs) and indigenously developed gearboxes, offering superior maneuverability, operational flexibility, and enhanced performance at sea. The vessel is equipped with state-of-the-art technology, including a 30mm CRN-91 gun, two 12.7mm stabilised remote-control guns with fire control systems, an Integrated Bridge System (IBS), an Integrated Platform Management System (IPMS), and an Automated Power Management System (APMS). These advanced systems will empower the Indian Coast Guard to perform its charter duties with increased precision, efficiency, and responsiveness across India's extensive maritime domain. Fast Patrol Vessels, such as 'Adamya', will act as force multipliers in the ICG's operational fleet, enabling swift responses for maritime law enforcement, coastal surveillance, search and rescue operations, and the protection of India's Exclusive Economic Zone (EEZ). The induction of 'Adamya' not only strengthens India's coastal security architecture but also underscores the nation's growing maritime capabilities and technological prowess.
Listly
4 hours ago
- Listly
6 ways to uncover Kandy's rich culture – Experience these authentic adventures in Sri Lanka's Hill Capital
A simple and delicious way to explore the local culture is to take a foodie tour. You get a range of eateries, cafes, restaurants and stalls offering local must-try dishes. Sample some rice and curry, which is the most popular meal in the country. Add condiments like dhal curry, tender jackfruit curry, a meat or fish variety, pennyworth salad and papadam to the menu. Other foods you can eat include hoppers (Sri Lankan pancakes shaped like a bowl), string hoppers (steamed noodle cakes), pol roti, milk rice and chilli relish.
India.com
6 hours ago
- Sport
- India.com
Prabath Jayasuriya's five-wicket haul powers Sri Lanka to dominant innings victory against Bangladesh in second Test
Prabath Jayasuriya. New Delhi: In the second and final Test match of the two match series held between Sri Lanka and Bangladesh on Saturday, June 28, at Sinhalese Sports Club of Colombo, Sri Lanka shockingly thrashed Bangladesh by innings and 78 runs. Prabath Jayasuriya shone with his 12th five-wicket haul and the hosts finished in a 1-0 series lead after Bangladesh were dismissed for a measly 133 in the 2nd innings. In the dying moments of the Day 3, the Sri Lankan team led by Dhananjaya de Silva saw a glimmer of win as Tharindu Ratnayake bowled a jagged delivery to clean up Mehidy Hasan Miraz (11) at the score of 115/6 to knock bundles of Bangladesh before the end of Day 3. Day 4, Prabath Jayasuriya was not too long in making a difference as he added two more to his overnight figures of 2, cleaning up Litton Das (14), caught behind off Kusal Mendis. Prabath Jayasuriya shines again The left-arm spinner got another in the very next over, managing to entrap Nayeem Hasan into moving out of his crease. Wicketkeeper Kusal Mendis had a quick response and whisked off the bails that further compounded the misery of Bangladesh. Jayasuriya continued his rampage as he sent Taijul Islam back in his third over of the day to finish his five-wicket haul. Tharindu Ratnayake (2/19) wrapped up the match with a leg before wicket dismissal of Ebadot Hossain 6 off 7 deliveries and Bangladesh were all out 133 in a mere 44.2 overs. Pacer Asitha Fernando (1/22) and captain Dhananjaya de Silva (2/13) were also wicket-takers as Sri Lanka started their 2025-27 World Test Championship (WTC) on a winning note by winning the series. The first innings during which Pathum Nissanka battered the ball to all sides of the park with some exquisite strokes and smashed 158 runs with 19 boundaries included his best was titled Player of the Match. He was also the Player of the Series winner after leading the runs standings with 369 runs over three innings at an average of 123 with two centuries. Najmul Hossain Shanto steps down Pathum Nissanka had previously registered a dominant 187 runs in the first knock of the draw Test in Galle earlier in the series. In the meantime, after Bangladesh lost the series, its captain Najmul Hossain Shanto resigned. Nonetheless, Shanto had impressed in his debut performance in the first test with both centuries in the match which made him the first Bangladesh player to record more than two centuries.
