Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest integrated transport utility, has finalized its acquisition of 100% interest in NQXT Australia, clearing all regulatory and shareholder approvals, including from the Reserve Bank of India and Australia’s Foreign Investment Review Board.
As part of the deal, APSEZ allotted 14,38,20,153 equity shares of Rs. 2 each to Carmichael Rail and Port Singapore Holdings Pte Ltd on a preferential basis.
“Closure of NQXT’s acquisition is a significant milestone in APSEZ’s growth trajectory towards 1 billion metric tonne cargo by 2030,” said Ashwani Gupta, Whole-time Director & CEO, APSEZ.
“NQXT is an excellent asset with distinct geographical advantages, strong growth prospects, and an enviable sustainability track record. NQXT will enhance our presence along the East-West trade corridor along with our other international ports in Israel, Colombo and Tanzania. I am delighted to welcome NQXT to the APSEZ family and look forward to strengthening our impact on the global trade landscape.”
NQXT, a high-growth, cash-generating terminal, operates mainly under take-or-pay contracts. In FY25, it had a contracted capacity of 40 million tonnes and delivered A$228 million in EBITDA. On a pro forma basis, NQXT now accounts for 6% of APSEZ’s FY25 revenue and 7% of its EBITDA.
Located in the Port of Abbot Point, North Queensland, NQXT is a natural deep-water, multi-user export terminal with a nameplate capacity of 50 million tonnes per annum. Leased from the Queensland government for the next 85 years, NQXT supports Australia’s resource industry, mainly serving mining customers in the Bowen and Galilee basins and exporting 88% of cargo to Asia in FY25.
The terminal also boasts strong sustainability credentials, including zero reportable environmental incidents or fatalities in FY25, a diverse workforce with 21% female participation and 5% identifying as Aboriginal and Torres Strait Islander, and deep community engagement, with over A$2.5 million invested since 2017 in Bowen and Collinsville and 50% of procurement sourced locally.
