Mumbai: Adani Ports and Special Economic Zones Limited (Apsez) at Ahmedabad headquarters said on Thursday it will purchase a port terminal worth 50 million tons (MTPA) from a promoter company in Australia’s Queensland, Australia, with a capacity resource worth 50 million tons (about $3.997 million) ₹$2164 billion or $2.5 billion).
Adanis’ flagship port company will issue 143.8 million shares to Singapore’s Carmichael Rail and Singapore’s port Holdings Pte Ltd (CRPSHPL). CRPSHPL is an initiator-owned entity that ultimately owns the North Queensland Exit Terminal (NQXT). The deal will raise Apsez’s promoter equity by 2.13 percentage points to 68.02%.
Apsez first purchased the port terminal in 2011 ₹According to news reports, Rs 9,000 crore. However, the asset was sold to the Adani family in 2013 to manage the debt of the listed company.
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“The acquisition of NQXT is a key step in our international strategy, opening new export markets and signing long-term contracts with valuable users,” Ashwani Gupta, full-time director and CEO of Apsez, said in a press statement.
He said the terminal is strategically located on the East-West Trade Corridor. Gupta further stated that the company’s goal is to grow EBITDA from assets to $400 million (about $255 million) over the past four years. It recorded $228 million in EBITDA fiscal 25. EBITDA refers to income before interest, tax, depreciation and amortization.
The terminal is rated at 50 MTPA, and the company estimates that the capacity can rise to 120 MTPA as demand grows. The company said the terminal processed 35 million tons of cargo in the last fiscal year (FY25).
As part of the transaction, Apsez will also assume other non-core assets and liabilities associated with the terminal. However, after this transaction, Apsez’s leverage ratio will remain at a similar level.
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NQXT is a natural deep-water, multi-user export terminal located in the port of Abbot Point, about 25 kilometers north of Bowen, in northern Queensland on the north side of Australia’s east coast. Until 2110, it was a long-term lease for the Queensland government.
The terminal has a “high-quality customer base” in the Bowen and Galilee mining basins. These mining companies export metallurgical and energy coal from NQXT to more than 15 countries.
Apsez is India’s largest commercial port operator, accounting for a quarter of the country’s cargo transportation. The extension is part of Apsez’s clear goal of processing a billion tonnes per year by 2030. According to the investors’ speech, it processed 450 million tons in fiscal 25.
The company reports consolidated revenue ₹26.711 billion in fiscal year 24, net profit ₹According to BSE, it is 81.04 million.
The company’s shares closed at 2.2% ₹Thursday’s BSE’s 1,259.90. The deal was announced after the market hours.
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