Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, has announced the acquisition of the North Queensland Export Terminal (NQXT) in Australia for approximately $2.54 billion. The transaction involves issuing 143.8 million equity shares to Carmichael Rail and Port Singapore Holdings Pte Ltd, bringing the terminal back under APSEZ’s control after over a decade.
Located at the Port of Abbot Point, about 25 kilometers north of Bowen in Queensland, NQXT is a deep-water, multi-user export terminal with a nameplate capacity of 50 million tonnes per annum. The facility plays a crucial role in coal exports and is strategically positioned to support future opportunities in green hydrogen exports.
APSEZ had initially acquired NQXT in 2011 before transferring it to the Adani family in 2013. The reacquisition aligns with the company’s strategy to expand its global footprint and aims to increase the port’s EBITDA to A$400 million within four years.
This move marks APSEZ’s fourth overseas acquisition in the past two years, reinforcing its commitment to becoming a leading global transport and logistics player.
