Hyderabad: Adani Ports and Special Economic Zone Ltd (APSEZ), the largest transport utility company in India, has announced that it is buying Abbot Point Port Holdings Pte Ltd (APPH). APPH owns the North Queensland Export Terminal (NQXT) in Australia. This deal has been approved by APSEZ’s board and will be done through a share swap with Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL), a related company.
As part of the agreement, APSEZ will give 14.38 crore equity shares to CRPSHPL. This values the NQXT terminal at around 3.975 billion Australian dollars. APSEZ will also take over some extra assets and responsibilities, but these will not change the overall value of the deal. The transaction still needs approval from the Reserve Bank of India, the company’s shareholders, and the Australian Foreign Investment Review Board. It is expected to be completed within the next six months.
NQXT is located at Abbot Point in North Queensland, Australia. It is a deep-water port that can be used by multiple companies and has the capacity to handle 50 million tonnes of cargo each year. The port is very important to Australia’s mining industry and is leased long-term from the Queensland Government. NQXT exports coal to 15 countries, mainly in Asia, and serves eight major customers through long-term contracts.
In the financial year 2025, NQXT handled a record 35 million metric tonnes of cargo. It earned 349 million Australian dollars in revenue and made 228 million Australian dollars in EBITDA (earnings before interest, taxes, depreciation, and amortization). APSEZ plans to grow this EBITDA to 400 million Australian dollars in the next four years by expanding capacity, renewing contracts, and possibly adding green hydrogen exports.
Ashwani Gupta, CEO of APSEZ, said this deal is an important step in the company’s global growth plan. He said NQXT is well-positioned to grow and fits with APSEZ’s values of responsible and sustainable growth. He also highlighted the terminal’s good location and high environmental and social standards.
NQXT has been running since 1984 and has a strong record in safety and sustainability. In the financial year 2025, there were no major environmental incidents. Since 2017, the terminal has spent 2.4 million Australian dollars on community programs. Many of its workers identify as Aboriginal or Torres Strait Islander, showing its commitment to local employment.
Several firms provided legal and financial advice for this deal, including Cyril Amarchand Mangaldas, Ashurst, GT Valuation Advisors, Grant Thornton Bharat, and SBI Capital Markets.
