Ahmedabad, 17 April (IANS). The Board of Directors of the country’s largest integrated transport utility company Adani Ports and Special Economic Zone Limited (APSEZ) has approved the acquisition of Abbot Point Port Holdings (APPH). The acquisition has been done with Carmicol Rail and Port Singapore Holding (CRPSHPL), which is connected to the Adani Group.
Adani Ports said in a press release on Thursday that the deal is yet to get many necessary approval. These include approval from Reserve Bank of India, shareholders and Australia’s Foreign Investment Review Board. The company said the acquisition is expected to be completed within six months.
APPH has the right to ownership and operation of the North Queenland Export Terminal (NQXT). It is a special export terminal, the current capacity of 50 million tonnes per year (MTPA). The terminal is located on the east coast of Australia, about 25 km north of the city of Bowen, North Queensland, at the Abbot Point Port.
The press release stated that the acquisition will be completely cashless. In lieu of securing 100 % stake of APPH, Adani Ports will issue 14.38 crore equity shares to CRPSHPL. The deal is being done on the basis of 397.5 crore Australian dollar enterprise value. Adani Ports will also take some non-core properties and liabilities on the balance sheet of APPH, which will be resolved within a few months of the acquisition. Even after this acquisition, the loan level (liverise) of Adani Ports will remain the same as before.
APSED CEO Ashwani Gupta said, “Acquisition of NQXT is an important step in our international strategy, which opens the doors of new export markets and helps us secure long-term contracts with our major customers. Nacuxti located strategically on the east-west business route is prepared for strong growth, which is ready for strong growth, as a high-demolition property, which is a high-demolition property, in the form of growing ability, in the coming times. The possibilities of renewal, and green hydrogen exports in the long run will be extended to EBITDA of EBITDA in the next four years that we are proud of our ‘Growth with Goodness’ initiative.
The North Queenland Export Terminal is a natural deep water, multi-use-use export terminal, with a capacity of 50 million tonnes per year (MTPA). The Government of Queensland has declared it a strategic port and primary port development zone. It is on a long -term lease from the provincial government and is a major infrastructure supporting Australia’s important resource industry.
This terminal currently provides services to eight major customers under long -term “tech or pay” contracts. The operation of NQXT contributes 10 billion Australian dollars to Queensland’s gross provincial product (GSP) and provides employment to about eight thousand people in other industries including mining.
The average age of the current customer mines of NQXT is about 60 years. Cargo exported from here went to 15 countries, with 88 percent of Asia and 10 percent to Europe. In FY 2025, NQXT recorded a revenue of around 34.9 crore Australian dollars and an EBITDA of $ 22.8 million.
-IANS
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