Adani ports to acquire Australia's export terminal in North -Queensland approved the council

Ahmedabad, April 17 (IANS). The council of directors of the country’s largest integrated transport programs, Adani Ports and Special Economic Zone Limited (APSEZ), approved the acquisition of Abbot Point Port Holdings (ADD). The acquisition was made with Carmicol Rail and Port Singapore Holding (CRPSHPL), which is linked to the Adani group. Adani Ports said in a press release on Thursday that the agreement still has to get a lot of necessary approval. This includes approval of the Reserve Bank of India, Shareholders and Australia’s Foreign Investment Review Council. The company said the acquisition is expected to be completed within six months. ADDH has the right to ownership and operating the North Queenland Export Terminal (NQXT). It is a special export terminal, the current capacity of 50 million tonnes per year (MTPA). The terminal is located on the east coast of Australia, about 25 km north of the city of Bowen, North -Queensland, at Abbot Point Port. The press release states that the acquisition will be completely cashless. Instead of securing 100 % of ADDH, Adani will issue Ports 14.38 CRore shares to CRPSHPL. The agreement is made based on 397.5 Crore Australian Dollar enterprise value. Adani ports will also take some non-nuclear properties and liabilities on the balance sheet of ADH, which will be resolved within a few months of the acquisition. Even after this acquisition, the loan level (liver) of Adani ports will remain the same as before. Ashwani Gupta, CEO of APSED, said: “The acquisition of NQXT is an important step in our international strategy, which opens the doors of new export markets and helps us to secure long-term contracts with our most important customers. Nacuxti is strategically prepared for the Eastern West business, which is ready for strong growth, as a high-demolication. Hydrogen exports on the long expensive will be expanded to EBITDA from the next four years that we are proud of our ‘Growth with Goodness’ initiative. Australian dollar to the Gross Provincial Product (GSP) of Queensland and offers work to about eight thousand people in other industries, including mining. The average age of the current customer mines of NQXT is about 60 years. Freight exported from here went to 15 countries, with 88 percent of Asia and 10 percent to Europe. In FY 2025, NQXT recorded an income of approximately 34.9 Crore Australian dollars and an ebitda of $ 22.8 million. -Ians Ekd/CBT