Adani Ports Expands Global Reach with $2.5B Australian Deal

Adani Ports has finalized a $2.5 billion non-cash acquisition of North Queensland Export Terminal, strengthening its international footprint and expanding its logistics presence across key Asia-Pacific markets. This is reported by the railway transport news portal Railway Supply.

Adani Ports Secures Strategic Terminal in Australia

Adani Ports and Special Economic Zone (APSEZ) has acquired Abbot Point Port Holdings (APPH), a Singapore-based company that controls North Queensland Export Terminal (NQXT). The terminal handles deepwater coal exports.

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Located 25 kilometers north of Bowen, NQXT offers a capacity of 50 million tonnes per annum. It operates under a long-term lease from the Queensland Government, ensuring stability and long-term infrastructure access.

Currently, the terminal supports eight major customers under “take or pay” contracts. These arrangements guarantee consistent revenue, regardless of volume fluctuations. Around 88% of shipments are bound for fast-growing Asian economies.

Adani Ports Targets Long-Term Growth and Sustainability

Ashwani Gupta, CEO of Adani Ports, described the acquisition as a key milestone in the company’s global strategy. He highlighted its role in opening new trade routes and supporting green energy exports, including hydrogen.

With 15 countries in the terminal’s export network, the acquisition diversifies Adani’s operations. The company plans to increase the terminal’s annual EBITDA to $260 million within four years.

Alongside the terminal, Adani will absorb non-core assets and liabilities from APPH’s balance sheet. These will be streamlined within months, contributing to improved performance and profitability.

This acquisition aligns with Adani Ports’ objective to lead infrastructure development while driving clean energy transition. By investing in strategic global assets, the company enhances India’s role in global logistics.

Source: splash247.com

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