Infrastructure development company, Edward and Christie (Pvt) Ltd, has acquired a 60% stake in Dolphin Marine Lanka (Pvt) Ltd, marking its strategic expansion into Sri Lanka’s fast developing shipbuilding and repair industry.
This move aligns with Edward and Christie’s vision of diversifying beyond its core construction business.
Signifying the expansion, Dolphin Marine Lanka and Edward and Christie celebrated the keel laying ceremony for two steel ferries commissioned by the Road Development Authority (RDA). The event symbolised the launch of construction for ferries serving the Kurinchakarney lagoon and the Kurikadduwan-Nainatheivu route, benefiting local communities and travellers.
Chairman of Edward and Christie and now Dolphin Marine Lanka, Cristy Arawwala said, “Recognising the significance of evolving global markets, we remain committed to expanding into high-potential sectors. This acquisition is one such major step in our strategic journey.”
He added, “This project further reflects our commitment to delivering high-quality infrastructure that enhances lives and regional connectivity.”
Specialising in marine engineering, ship repairs, heavy engineering, and fabrication, Dolphin Marine Lanka has played a key role in shipbuilding projects. Managing Director, Amarasiri Withanawasam said, “This investment meets our capital needs, and we sincerely appreciate Edward and Christie’s long-term commitment.”
Confluence Capital CEO, Ranga Perera said, “This transaction sets a benchmark for SME growth by providing essential capital and expertise.”
