Adani Ports Completes Full Acquisition Of Australia’s NQXT Terminal

Adani Ports and Special Economic Zone Limited (APSEZ) has completed the acquisition of 100% ownership of NQXT Australia, a natural deep-water, multi-user export terminal located at Abbot Point in North Queensland.

The company confirmed that the transaction was concluded after fulfilling all regulatory and procedural requirements.

These included approvals from majority-of-minority shareholders, the Reserve Bank of India, and Australia’s Foreign Investment Review Board, among other statutory clearances.

As part of the acquisition, APSEZ allotted 14,38,20,153 equity shares, each with a face value of ₹2, to the seller Carmichael Rail and Port Singapore Holdings Pte Ltd on a preferential basis.

APSEZ’s management said the NQXT acquisition is a key step in the company’s plan to handle 1 billion tonnes of cargo by 2030.

The company stated that NQXT offers favourable geographic positioning, strong growth potential, and a well-established sustainability record.

The acquisition is also expected to enhance APSEZ’s presence along the East–West trade corridor, complementing its existing international operations in Israel, Colombo, and Tanzania.

NQXT is described as a high-growth, cash-generating asset, with revenues largely supported by take-or-pay contracts. During FY25, the terminal had a contracted capacity of 40 million tonnes and reported A$228 million in EBITDA on a proforma basis.

On this basis, NQXT accounted for approximately 6% of APSEZ’s revenue and 7% of its EBITDA for the financial year.

The terminal primarily serves mining customers operating in Australia’s Bowen and Galilee basins, exporting bulk commodities to markets across North Asia and South-East Asia. Its natural deep-water characteristics allow it to accommodate large vessels and support long-term export operations.

Reference: Adani

Source: Maritime Shipping News