Adani Ports acquires full ownership of Australia’s NQXT terminal

Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of 100 per cent equity in NQXT (North Queensland Export Terminal) Australia, strengthening its international port portfolio and advancing its long-term growth ambitions.

As part of the transaction, APSEZ allotted 14,38,20,153 equity shares with a face value of ₹2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd, through a preferential issue.

NQXT is a natural deep-water, multi-user export terminal with an installed capacity of 50 million tonnes per annum. The facility is operated under a long-term lease granted by the Queensland government, making it a vital piece of infrastructure for Australia’s resource sector.

Situated at the Port of Abbot Point in North Queensland, the terminal primarily services mining operations in the Bowen and Galilee basins. Its cargo is largely exported to fast-growing markets across North Asia and South-East Asia.

According to APSEZ, NQXT has a remaining lease tenure of about 85 years, with the concession running until 2110, providing long-term operational visibility and stability.