Adani Ports to Acquire Australian Terminal in $2.5 Billion Equity Deal

Mumbai – Adani Ports and Special Economic Zone Ltd (APSEZ), based in Ahmedabad, announced on Thursday that it will acquire the North Queensland Export Terminal (NQXT) in Australia’s Queensland in a share-swap deal valued at A$3.975 billion (approx. ₹21,640 crore or $2.5 billion).

The port terminal, with a handling capacity of 50 million tonnes per annum (MTPA), will be purchased from Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL)—a promoter-owned company. As part of the deal, APSEZ will issue 143.8 million equity shares to CRPSHPL.

Following the transaction, the Adani family’s stake in APSEZ will increase by 2.13% to 68.02%.

APSEZ had originally bought the terminal in 2011 for about ₹9,000 crore. However, it was transferred to the Adani family in 2013 to reduce the company’s debt burden.

“This acquisition is a key step in our global growth strategy,” said Ashwani Gupta, Whole-Time Director and CEO of APSEZ. He highlighted the terminal’s strategic location on the East-West trade route and its potential to support long-term export deals.

The company aims to grow EBITDA (earnings before interest, tax, depreciation, and amortization) from A$228 million in FY25 to A$400 million (approx. $255 million) over the next four years.

The terminal handled 35 million tonnes of cargo in FY25, and APSEZ believes it can expand the terminal’s capacity to 120 MTPA as demand increases.

Although the deal includes certain non-core assets and liabilities tied to the terminal, APSEZ stated that its debt levels will remain unchanged after the acquisition.