Adani Ports to Acquire Australian Export Terminal for $2.54 Billion

Adani Ports Buys NQXT for $2.54B, Expands Australia Footprint

Adani Ports has announced its plan to acquire the North Queensland Export Terminal (NQXT), a major deep-water coal export facility on Australia’s east coast, for an enterprise value of A$3.98 billion ($2.54 billion). The strategic acquisition aims to strengthen Adani Ports’ global footprint and operational capacity. The deal includes the issue of 143.8 million shares to Carmichael Rail and Port Singapore Holdings and involves acquiring operator Abbot Point Port Holdings, along with select non-core assets and liabilities. Originally acquired in 2011 and later transferred to the Adani family in 2013, the terminal has a capacity of 50 million tonnes per annum and is positioned on a key East-West trade route. The facility also presents future growth opportunities in green hydrogen exports. Ashwani Gupta, CEO of Adani Ports and SEZ (APSEZ), called the acquisition a crucial move in the company’s international strategy, targeting EBITDA growth to A$400 million in four years. The acquisition aligns with Adani’s "Growth with Goodness" vision and commitment to high ESG standards. This purchase marks a major expansion in Adani Ports’ global portfolio, supporting diversification, medium-term contract renewals, and sustainable export initiatives. It is expected to enhance Adani’s competitiveness and financial performance in the global maritime market.

$2.54B Deal: Adani Ports Acquires North Queensland Terminal