Adani Ports acquisition NQXT closes for Abbot Point terminal

Adani Ports acquisition NQXT has been completed, Adani Ports and Special Economic Zone Ltd. (APSEZ) said on Tuesday, as reported by Railway Supply. APSEZ described the deal as adding a cash-generating asset to its international portfolio.

The transaction included a preferential allotment of 14,38,20,153 equity shares with a face value of Rs 2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd, according to NDTV Profit.

Adani Ports acquisition NQXT and the 2030 cargo target

With the acquisition of North Queensland Export Terminal (NQXT), APSEZ said it remains on track to reach a cargo volume of 1 billion tonnes by 2030. The company also linked the terminal to its overseas portfolio along the East–West trade corridor, as set out in an APSEZ statement.

North Queensland Export Terminal (NQXT): capacity, lease and location

NQXT is a natural deep-water, multi-user export terminal with a nameplate capacity of 50 million tonnes per annum. It is held under a long-term lease from the Queensland government and is described as a critical infrastructure asset supporting Australia’s significant resource industry.

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Located at the Port of Abbot Point in North Queensland, the terminal mainly serves mining customers operating in the Bowen and Galilee basins. Exports are largely shipped to fast-growing markets in North and South-East Asia.

FY25 performance and APSEZ logistics model

During FY25, NQXT had a contracted capacity of 40 million tonnes and delivered EBITDA of 228 million Australian dollars. APSEZ said it has developed into an integrated transport utility company by tying port services to a growing network of rail, roads and other logistics solutions, with a focus on value-chain integration through control of key supply-chain touchpoints such as marine services and logistics.

In financial year 2025, Adani Ports and SEZ said it handled 450 million metric tonnes of cargo at a consolidated EBITDA margin of 60.4%.

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