TFP Bureau, Ahmedabad, April 19, 2025: The Board of Directors of Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated transport utility company, has approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH) from Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL), a related party. APPH owns and operates the North Queensland Export Terminal (NQXT), a crucial export gateway located at the Port of Abbot Point, Queensland, Australia.
The acquisition is a non-cash transaction where APSEZ will issue 14.38 crore equity shares to CRPSHPL in exchange for a 100% stake in APPH. The deal is valued at A$ 3,975 million, and APSEZ will also assume certain non-core assets and liabilities from APPH, with minimal impact on the transaction’s overall valuation. This strategic move will expand APSEZ’s footprint in the global transport and logistics sector, contributing significantly to its goal of handling 1 billion tonnes of cargo annually by 2030.
Key Growth Prospects and Strategic Value
NQXT, with a current capacity of 50 million tonnes per annum (MTPA), has the potential to expand up to 120 MTPA to meet increasing global demand, including for green hydrogen exports. The terminal, located in a key trade corridor, contributed A$ 349 million in revenue and A$ 228 million in EBITDA during FY25, with a remarkable 90%+ incremental EBITDA margin expected post-acquisition.
This acquisition marks a major step for APSEZ in achieving its goal of enhancing its global transport and logistics platform. The expansion aligns with APSEZ’s international growth strategy, with expected EBITDA to grow to A$ 400 million within the next four years.
Commitment to ESG and Sustainability
NQXT boasts a strong environmental, social, and governance (ESG) track record, with zero reportable environmental incidents in FY25 and a focus on community development. The terminal’s commitment to sustainability is reflected in its use of local and regional suppliers for 50% of its operational spending and investments in community initiatives in Bowen and Collinsville.
Speaking about the acquisition, Mr. Ashwani Gupta, CEO of APSEZ, highlighted the strategic importance of NQXT in opening new markets and securing long-term contracts. He emphasized APSEZ’s dedication to high ESG standards and the future potential of the terminal in contributing to global green hydrogen exports.
Expanding Global Footprint
With the acquisition of NQXT, APSEZ continues its mission to expand its reach in the global port and logistics sector. The terminal’s established operational history, high-quality customer base, and strategic location will support APSEZ’s broader goal of leading the world’s ports and logistics platform by the next decade. The transaction is expected to close in two quarters, subject to the requisite regulatory approvals.
About APSEZ
Adani Ports and Special Economic Zone Ltd. (APSEZ) operates a network of strategically located ports and terminals across India and internationally. With the acquisition of NQXT, APSEZ strengthens its position as a global leader in port development, logistics, and integrated supply chain solutions, with a focus on sustainability and community impact.
