Adani Ports completes acquisition of North Queensland Export Terminal
This story was originally published at 18:03 IST on 23 December 2025
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AHMEDABAD – Adani Ports and Special Economic Zone Ltd. has completed the acquisition of 100% interest in North Queensland Export Terminal, Australia, pursuant to completion of all condition, including approvals from majority of minority shareholders, the Reserve Bank of India, and Foreign Investment Review Board of Australia, among others, the company said Tuesday in a filing with stock exchanges. North Queensland Export Terminal, earlier known as Abbot Point Terminal, is Australia's northernmost dedicated deep-water coal export terminal with a nameplate capacity of 50 million tonnes per annum.
Adani Ports said it had allotted 143.8 million equity shares of face value INR 2 each to the Carmichael Rail and Port Singapore Holdings Pte Ltd on a preferential basis for their stake in North Queensland Export Terminal. In April, Adani Ports had announced its proposed acquisition of North Queensland Export Terminal for an enterprise value of $2.5 billion.
Adani Ports has also raised its 2025-26 (Apr-Mar) guidance for earnings before interest, taxes, depreciation, and amortisation to INR 223.50 billion-INR 233.50 billion, from INR 210 billion-INR 220 billion earlier. It also increased target for cargo volumes to 545-555 million tonnes, up from 505-515 million tonnes targetted earlier.
"Closure of NQXT's (North Queensland Export Terminal) acquisition is a significant milestone in APSEZ's growth trajectory towards 1 billion metric tonne cargo by 2030," said Ashwani Gupta, whole-time director and chief executive officer, Adani Ports and Special Economic Zone. During 2024-25 (Apr-Mar), North Queensland Export Terminal had a contracted capacity of 40 million tonnes and delivered A$228 million (around INR 13.7 billion) in earnings before interest, taxation and amortisation.
Adani Port reported consolidated net profit of INR 31.09 billion for the September quarter on revenue of INR 91.67 billion. Tuesday, shares of the company closed 1% lower at INR 1,493.60 on the National Stock Exchange. End
US$1 = INR 89.65
Reported by Sunil Raghu
Edited by Akul Nishant Akhoury
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