Adani Ports and Special Economic Zone has successfully completed the acquisition of 100% interest in NQXT Australia pursuant to completion of all condition precedents, including approvals from ‘majority of minority’ shareholders, Reserve Bank of India, Foreign Investment Review Board of Australia, amongst others.
APSEZ has allotted 14,38,20,153 equity shares of face value ₹2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd on a preferential basis.
Ashwani Gupta, Whole-time Director & CEO, APSEZ, stated that NQXT is an excellent asset with distinct geographical advantages, strong growth prospects, and an enviable sustainability track record, while this acquisition is a significant milestone in APSEZ’s growth trajectory towards 1 billion metric tonne cargo by 2030.
NQXT will enhance Adani’s presence along the East-West trade corridor along with the other international ports in Israel, Colombo and Tanzania.
NQXT is a high-growth, cash generating asset, driven primarily by take-or-pay contracts with customers.
During FY25, NQXT had a contracted capacity of 40 million tonnes and delivered a US$228 million EBITDA.
NQXT is a natural deep-water, multi-user export terminal with a nameplate capacity of 50 million tonnes per annum.
NQXT is under a long-term lease from the Queensland government and is a critical infrastructure asset supporting Australia’s significant resource industry.
Also, has an identified pathway and capability to expand throughput to meet the global demand for Queensland’s high-quality resources including potential for green hydrogen exports.
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