The Board of Directors of the country’s largest integrated transport utility company Adani Ports and Special Economic Zone Limited (APSEZ) has approved the acquisition of Abbot Point Port Holdings (APPH). The acquisition has been done with Carmicol Rail and Port Singapore Holding (CRPSHPL), which is connected to the Adani Group. Adani Ports said in a press release on Thursday that the deal is yet to get many necessary approval. These include approval from Reserve Bank of India, shareholders and Australia’s Foreign Investment Review Board. The company said that the acquisition is expected to be completed within six months.

APPH has the right to ownership and operation of the North Queenland Export Terminal (NQXT). It is a special export terminal, the current capacity of 50 million tonnes per year (MTPA). The terminal is located on the east coast of Australia, about 25 km north of the city of Bowen, North Queensland, at the Abbot Point Port.

The press release states that the acquisition will be completely cashless. In lieu of securing 100 % stake of APPH, Adani Ports will issue 14.38 crore equity shares to CRPSHPL. The deal is being done on the basis of 397.5 crore Australian dollar enterprise value. Adani Ports will also take some non-core properties and liabilities on the balance sheet of APPH, which will be resolved within a few months of the acquisition. Even after this acquisition, the debt level (liverise) of Adani Ports will remain the same as before.

APSEZ CEO Ashwani Gupta said, “Acquisition of NQXT is an important step in our international strategy, which opens the doors of new export markets and helps us secure long-term contracts with our major customers. NQXT, located on the east-west trade route, is designed for strong growth, which is designed for strong growth as a high-demolition property, which is a high-demonstration property, which is a high-demonstration property, which is a high-demolition property, which is ready to grow in the coming times, in the coming times. Renewing, and in the long run, the possibilities of green hydrogen exports will carry forward.

He further stated that our goal is that EBITDA of NQXT reached 40 million Australian dollars in the next four years. I am proud that we are welcoming NQXT at our ‘Growth with Goodness’ initiative, as it is an excellent example of our commitment to environment, social and operation standards. “

The North Queenland Export Terminal is a natural deep water, multi-use-use export terminal, with a capacity of 50 million tonnes per year (MTPA). The Government of Queensland has declared it a strategic port and primary port development zone. It is on a long -term lease from the provincial government and is a major infrastructure supporting Australia’s important resource industry.

This terminal currently provides services to eight major customers under long -term “tech or pay” contracts. The operation of NQXT contributes 10 billion Australian dollars to Queensland’s gross provincial product (GSP) and provides employment to about eight thousand people in other industries including mining.

The average age of the current customer mines of NQXT is about 60 years. Cargo exported from here went to 15 countries, out of which 88 percent of Asia and 10 percent were sent to Europe. In FY 2025, NQXT recorded about 34.9 million Australian dollars revenue and 22.8 million Australian dollars EBITDA.

(This news has not been edited by the NewsDeskReport team. It has been published directly from the syndicate feed.)

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