In a strategic move aimed at bolstering its international presence, Adani Ports and Special Economic Zone Ltd (APSEZ) has acquired the North Queensland Export Terminal (NQXT) in Australia, marking a significant milestone in the conglomerate’s global expansion plans. The deep-water export terminal, located at Abbot Point in North Queensland, comes with a nameplate capacity of 50 million tonnes per annum (MTPA).
The acquisition was finalised through the purchase of Abbot Point Port Holdings Pte Ltd (APPH) from Carmichael Rail and Port Singapore Holdings Pte Ltd, in a non-cash transaction involving the issuance of 14.38 crore equity shares. The deal is valued at approximately A$3.975 billion (USD 2.4 billion).
Strengthening Global Ambitions
The NQXT acquisition aligns with APSEZ’s broader vision of becoming a global leader in transport and logistics, with a stated goal of handling 1 billion tonnes of cargo per annum by 2030. The terminal is strategically situated on the East-West trade corridor, giving APSEZ a competitive edge in serving key global shipping routes.
Commenting on the acquisition, APSEZ highlighted NQXT’s potential for growth through increased capacity, contract renewals, and a future role in green hydrogen exports, a segment being closely watched as the world transitions to cleaner energy solutions.
A Financially Robust Asset
NQXT reported impressive performance figures in FY25, handling 35 million tonnes of cargo and generating A$349 million in revenue with an EBITDA of A$228 million. APSEZ aims to elevate this figure to A$400 million in EBITDA over the next four years, further underscoring the terminal’s strong operational prospects.
ESG and Community Credentials
Beyond its financial strength, NQXT also boasts a solid ESG (Environmental, Social, and Governance) profile. The terminal recorded zero reportable environmental incidents in FY25 and has demonstrated a commitment to diversity, with over 5% of its workforce identifying as Aboriginal or Torres Strait Islander. Since 2017, the facility has contributed A$2.4 million in community investments, strengthening its reputation as a socially responsible operator.
Regulatory Path and Advisors
The transaction is pending approvals from the Reserve Bank of India, Adani Ports’ shareholders, and Australia’s Foreign Investment Review Board (FIRB). The deal is expected to be closed within the next two quarters.
The acquisition was guided by an advisory panel including Cyril Amarchand Mangaldas, Ashurst, GT Valuation Advisors, Grant Thornton Bharat, and SBI Capital Markets.
Looking Ahead
With this acquisition, APSEZ not only strengthens its portfolio of global infrastructure assets but also reinforces its commitment to sustainable and inclusive growth. Positioned to take advantage of shifting global trade dynamics and increasing energy diversification, the North Queensland Export Terminal is set to play a crucial role in Adani Ports’ long-term strategy.
As APSEZ continues to expand its global footprint, the NQXT acquisition marks a decisive step in positioning the company among the world’s top port operators.
