Adani Ports to Acquire NQXT Australia: Accelerating 1 Bn Tonnes Annual Path By 2030

On April 21, 2025, Adani Ports shares fell over 3%, reaching a day low of ₹1,209.75 at 09:35 AM, after opening at ₹1,262.95 on BSE. The fall in Adani Ports share price came despite the positive business development reported by the company by acquiring new port in Australia.

Adani Ports and Special Economic Zone Ltd on April 17 announced that the Board of Directors has allowed the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL), a related party.

The exchange filing further stated APPH owns the entities which own and operate the North Queensland Export Terminal (NQXT), having a current capacity of 50 million tonnes per annum (MTPA).

Acquisition Details

The acquisition will be carried out on a non-cash basis. Adani Ports will issue 14.38 crore equity shares to CRPSHPL for a 100% stake in APPH. This is based on an enterprise value of NQXT of A$ 3,975 million.

As part of the transaction, APSEZ will also assume other non-core assets and liabilities on APPH’s balance sheet, which APSEZ will realise within a few months of the acquisition.

Objective Behind NQXT acquisition

The acquisition of NQXT presents a compelling strategic opportunity for APSEZ, offering control of a fully operational, multi-user export facility with a proven operational track record spanning over 40 years. The terminal services a high-quality customer base operating in the resource-rich Bowen and Galilee basins, exporting premium metallurgical and energy coal to more than 15 countries worldwide.

With strong prospects for EBITDA growth, the acquisition is backed by increasing contracted capacity, renewal of existing agreements, and potential synergies within APSEZ’s integrated global transport and logistics network. Furthermore, the asset aligns well with APSEZ’s broader strategy of international expansion and supports future ambitions in green hydrogen exports from the Port of Abbot Point, in alignment with the Queensland Government’s long-term sustainability vision.

Management Take on New Port Acquisition

Speaking on the acquisition, Mr. Ashwani Gupta, Whole-time Director & CEO, APSEZ, said, NQXT’s acquisition is a pivotal step in our international strategy, opening new export markets and securing long-term contracts with valued users. Strategically located on the East-West trade corridor, NQXT is poised for robust growth as a high-performing asset, driven by increased capacity, upcoming contract renewals in the medium term, and the potential for green hydrogen exports in the long term. We are targeting EBITDA to grow to A$ 400 million within 4 years. I am proud to welcome NQXT to our ‘Growth with Goodness’ initiative, as it exemplifies our commitment to high standards in environmental, social, and governance practices.”

Also Read: Adani Ports Reported Record-Breaking Cargo Volumes in March 2025

Conclusion

Adani Ports to acquire NQXT, which is a highly efficient and cash-generating asset that will consolidate the company’s presence along the East-West trade corridor, in line with its global expansion strategy.

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