+
Adani Ports Acquires Aussie Coal Terminal in $2.4B Share Swap
PORTS & SHIPPING

Adani Ports Acquires Aussie Coal Terminal in $2.4B Share Swap

Adani Ports and Special Economic Zone (APSEZ) has acquired full ownership of Australia’s North Queensland Export Terminal (NQXT) in a non-cash deal worth $2.4 billion. The company will issue 143.8 million equity shares to a related group entity—Carmichael Rail and Port Singapore Holdings—under a preferential allotment route. The move will raise promoter group shareholding by 2.13 per cent.

The transaction, routed through the acquisition of Singapore-based Abbot Point Port Holdings (APPH), is subject to approvals from the RBI, shareholders, and Australia’s Foreign Investment Review Board. Closure is expected within two quarters.

APPH owns and operates NQXT, a deep-water coal export terminal with a nameplate capacity of 50 million tonnes annually. The terminal, previously owned by APSEZ, was sold to the Adani family in 2013 to allow the company to focus on domestic expansion. With this share swap, APSEZ regains the asset based on an enterprise value of A$3,975 million.

APSEZ expects the deal to accelerate its goal of doubling cargo volumes to 1 billion tonnes per annum by FY30. Exports from NQXT are expected to rise from 35 million tonnes in FY25 to 120 million tonnes, including future green hydrogen shipments.

“This is a strategic leap in our international play,” said Ashwani Gupta, CEO of APSEZ. “We aim to scale EBITDA to A$400 million in four years.”

In FY25, NQXT clocked A$349 million in revenue and A$228 million in EBITDA. Nearly 88 per cent of exports went to Asia, with Europe accounting for 10 per cent.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Adani Ports and Special Economic Zone (APSEZ) has acquired full ownership of Australia’s North Queensland Export Terminal (NQXT) in a non-cash deal worth $2.4 billion. The company will issue 143.8 million equity shares to a related group entity—Carmichael Rail and Port Singapore Holdings—under a preferential allotment route. The move will raise promoter group shareholding by 2.13 per cent. The transaction, routed through the acquisition of Singapore-based Abbot Point Port Holdings (APPH), is subject to approvals from the RBI, shareholders, and Australia’s Foreign Investment Review Board. Closure is expected within two quarters. APPH owns and operates NQXT, a deep-water coal export terminal with a nameplate capacity of 50 million tonnes annually. The terminal, previously owned by APSEZ, was sold to the Adani family in 2013 to allow the company to focus on domestic expansion. With this share swap, APSEZ regains the asset based on an enterprise value of A$3,975 million. APSEZ expects the deal to accelerate its goal of doubling cargo volumes to 1 billion tonnes per annum by FY30. Exports from NQXT are expected to rise from 35 million tonnes in FY25 to 120 million tonnes, including future green hydrogen shipments. “This is a strategic leap in our international play,” said Ashwani Gupta, CEO of APSEZ. “We aim to scale EBITDA to A$400 million in four years.” In FY25, NQXT clocked A$349 million in revenue and A$228 million in EBITDA. Nearly 88 per cent of exports went to Asia, with Europe accounting for 10 per cent.

Next Story
Infrastructure Urban

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Next Story
Infrastructure Urban

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Next Story
Infrastructure Urban

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?