Adani Ports completes acquisition of Australia’s NQXT terminal

Adani Ports and Special Economic Zone (APSEZ), India’s integrated transport utility, has successfully concluded the 100% acquisition of the North Queensland Export Terminal (NQXT) in Australia. It follows the completion of all necessary regulatory conditions, including approvals from the Foreign Investment Review Board (FIRB) of Australia, the Reserve Bank of India (RBI), and a ‘majority of minority’ of shareholders.

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

The acquisition is a strategic addition to APSEZ’s international portfolio, which already includes key assets in Israel, Colombo, and Tanzania, further cementing the company's influence along the global East-West trade corridor.

Ashwani Gupta, Whole-time Director & CEO of APSEZ said, “NQXT is an excellent asset with distinct geographical advantages, strong growth prospects, and an enviable sustainability track record.”

He further added, “NQXT will enhance our presence along the East-West trade corridor along with our other international ports in Israel, Colombo and Tanzania. I am delighted to welcome NQXT to the APSEZ family and look forward to strengthening our impact on the global trade landscape”.

NQXT is characterized as a high-growth, cash-generating facility supported primarily by long-term take-or-pay contracts. During the 2024-25 fiscal year, the terminal operated with a contracted capacity of 40 million tonnes and delivered an EBITDA of A$ 228 million.

On a proforma basis, NQXT contributes approximately 6% of APSEZ’s revenue and 7% of its EBITDA for FY25.